$PKX

POSCO International (047050.KS) and partners launched an e-B/L consortium to digitize trade documents. The group, including ZIM, Hana Bank, KTNET, and Taeoung Logistics (124560.KS), aims to reduce document processing times and costs. A pilot test showed e-B/Ls could cut transfer times and risks. The consortium plans to expand e-B/L use and integrate trade finance systems.

POSCO International and a consortium of shipping, logistics, and finance firms launched an initiative to convert paper bills of lading to digital format, reducing processing time from 5-10 days to a few hours. The consortium includes POSCO Flow, ZIM, Hana Bank, KTNET, and Taewoong Logistics. The digital system aims to cut costs by up to 80% and lower carbon emissions. POSCO International will lead the adoption and digital transformation of trade financing.

POSCO International completed a blockchain-based trade finance pilot with Olea, using Avalanche's infrastructure. The project tokenized real trade receivables, with AI systems verifying documents. POSCO International also tested a similar model using Injective. The company reported $22.2 billion in revenue and operates globally. Partners plan to explore stablecoins for cross-border payments.

POSCO International, a subsidiary of POSCO Holdings, completed a pilot tokenizing real trade receivables on the Avalanche blockchain, with Olea, backed by Standard Chartered's SC Ventures, purchasing them. The process involved AI-powered document verification and blockchain registration. This follows a similar pilot with LG CNS on the Injective blockchain. POSCO International reported $22.2 billion in revenue and operates globally.

POSCO International, a $22.2B revenue South Korean trading company, tokenized trade receivables on Avalanche's blockchain with Olea and Intain. AI verified documents, reducing paperwork and speeding financing. They plan to explore stablecoin-based cross-border settlements and digital treasury tools.

Bangladesh's government approved the purchase of 2 LNG cargoes for September delivery. Posco International will supply one at $24.625/MMBtu, and TotalEnergies will supply another at $24.25/MMBtu. The procurement aims to meet the country's growing energy demand.

POSCO and its largest union failed to reach an agreement, leading to the termination of mediation. The union now has the legal right to strike, which would be the first in the company's 58-year history. The main issues are wage increases and compensation, with the union demanding a 7.1% base salary increase and POSCO offering 1.5%. A strike could impact major industries, but further negotiations may still prevent it.

POSCO E&C won a $1.1B contract to build two LNG tanks in Thailand, securing half of the market. The company's 'POSCO-style EPC' model and in-house commissioning capability were key factors. Construction is ahead of schedule, and the company aims to bid on additional LNG tank tenders. POSCO E&C also engages in community contribution activities in the region.

POSCO Holdings (NYSE: PKX) said its wholly owned subsidiary POSCO approved an interim cash dividend on Aug. 18, 2026. POSCO will pay KRW 687 per share, totaling KRW 66,282,189,375. The record date is June 30, 2026, with a provisional payment date of Sept. 10, 2026, under Korean law.

POSCO faces its first full-scale strike threat after South Korea’s National Labor Relations Commission suspended wage and collective bargaining mediation, ending talks because labor and management positions are too far apart. The union voted 92.2% for a dispute plan and has a legal right to strike. Demands include 7.1% pay and bonuses versus POSCO’s 1.5% offer; Q2 steel operating profit fell to 270 billion won.