POSCO International
Native name | 주식회사 포스코인터내셔널 |
|---|---|
Romanized name | Jusikhoesa Poseuko Inteonaesyeoneol |
| Formerly | Daewoo Corporation (1967–2000) Daewoo International (2000–2016) Posco Daewoo (2016–2019) |
| Company type | Public |
| KRX: 047050 | |
| Industry | Energy & Resource Development, International Trading & Investment, Project Organization |
| Founded | 1967 |
| Founder | Kim Woo-choong(founder) |
| Headquarters | Seoul, South Korea Incheon, South Korea |
Area served | Worldwide |
Key people | Jeong Tak (Vice Chairman & Chief Executive Officer) |
| Products | Steel, LNG, Automotive components, Agro/Crop |
| Services | Energy(Gas, LNG, Solar, Wind, Hydrogen) Steel&Metal Infrastructure Chemicals Mineral resources Food Consumer Goods Automotive |
| Revenue | US$ 30 billion (2022 ) |
| US$ 712.2 million (2022) | |
| US$ 477.3 million (2022) | |
Number of employees | 1,208 (2022) |
| Parent | POSCO Daewoo Group (Formerly) |
| Subsidiaries | POSCO MOBILITY SOLUTION |
| Website | poscointl.com |
POSCO International Corporation (Korean: 포스코인터내셔널) is South Korea's largest trading company and a subsidiary of POSCO.
The company was founded by Kim Woo-choong in 1967 as Daewoo Industrial Co., Ltd, which ran its business in trading and construction. In 1999, the company faced at least $50 billion in debt, and Daewoo became formally dismantled. In 2000, as Daewoo Group faced work-out program, Daewoo Industrial Co., Ltd's trading segment was split and established as "Daewoo International Corporation". Afterwards, it succeeded in general trading license and was listed on the stock market again. In 2016, the Company name changed from "Daewoo International" to "POSCO Daewoo". After merging with Posco P&S in 2017, the company name was changed to what it is currently, "POSCO International Corporation" in 2019
On 2 November 2020, POSCO International and Erae AMS was to supply the Vietnamese carmaker VinFast with electrical vehicle (EV) components.
It aimed to issue ESG bonds for first time for Korean trading companies in year 2021.
In the year 2022, Posco International acquired Australian gas and energy company Senex.
In the year 2023, Posco International merged with its sister company Posco Energy, integrating upstream and downstream LNG movement. The company announced a new vision "Green Energy & Global Business Pioneer" to create, connect, and complete business to enrich the future. POSCO International is making its way towards becoming a global eco-friendly integrated corporation.