Most Popular
![[Exclusive] Hyundai Mobis eyes closer ties with BYD](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/25/20241125050044_0.jpg&u=)
-
6
[Herald Review] 'Gangnam B-Side' combines social realism with masterful suspense, performance
![[Herald Review] 'Gangnam B-Side' combines social realism with masterful suspense, performance](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/25/20241125050072_0.jpg&u=)
-
7
Why S. Korean refiners are reluctant to import US oil despite Trump’s energy push
-
8
Agency says Jung Woo-sung unsure on awards attendance after lovechild revelations
-
9
Prosecutors seek 5-year prison term for Samsung chief in merger retrial
-
10
UN talks on plastic pollution treaty begin with grim outlook
![[Herald Review] 'Gangnam B-Side' combines social realism with masterful suspense, performance](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/25/20241125050072_0.jpg&u=)
[THE INVESTOR] POSCO has no plans to capitalize on the new law facilitating business restructuring, the company’s CEO said Aug. 24.
Speaking at the Steel Korea conference held in Seoul, POSCO CEO Kwon Oh-joon said that the company is carrying out restructuring regardless of the new act.
The Special Act of Corporate Revitalization act came into force on Aug. 13 and allows companies working in industries with oversupply problems to alter their business portfolio more easily.
“(The company) has no plans (to utilize the new act) at present. POSCO has been restructuring since two years ago, and (the process) is about 60 percent complete,” Kwon said.
“The company will continue (the restructuring process) until it is 100 percent complete, regardless of the act,” he added.
By Choi He-suk (cheesuk@heraldcorp.com)
Speaking at the Steel Korea conference held in Seoul, POSCO CEO Kwon Oh-joon said that the company is carrying out restructuring regardless of the new act.
The Special Act of Corporate Revitalization act came into force on Aug. 13 and allows companies working in industries with oversupply problems to alter their business portfolio more easily.
“(The company) has no plans (to utilize the new act) at present. POSCO has been restructuring since two years ago, and (the process) is about 60 percent complete,” Kwon said.
“The company will continue (the restructuring process) until it is 100 percent complete, regardless of the act,” he added.
By Choi He-suk (cheesuk@heraldcorp.com)
![[Today’s K-pop] BTS’ Jin single hits Billboard’s Hot 100 at No. 53](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=642&simg=/content/image/2024/11/26/20241126050076_0.jpg&u=)