POSCO International
POSCO INTERNATIONAL (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, 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 general trading license and was listed on stock market back again. In 2016, Company name changed Daewoo  International to POSCO DAEWOO. After merge with POSCO P&S in 2017., company name was changed to current POSCO INTERNATIONAL CORPORATION on 2019 On 2 November 2020, POSCO International and Erae AMS will supply the Vietnamese carmaker VinFast with electrical vehicle (EV) components. It aims to issue ESG bonds for first time for Korean trading companies in year 2021. Operations. POSCO INTERNATIONAL Corporation has its head office in NEAT Tower, 165, Convenisa-daero, Yeonsu-gu, Incheon, 21998, Korea. Its global network consists of over 100 overseas branches and subsidiaries. Business sectors. As of Dec, 2020. Company has re-organized as below : Main purpose of organization change is to boost steel sales and put emphasis on hydrogen energy, secondary cell battery, smart farming. Steel 1 - Export/Triangular sales: Hot rolled steel, Cold rolled steel, Billet & Wires, Energy & shipbuilding steel, Automotive steel Steel 2 - Domestic/Import sales: Flat steel, Construction materials & plates, Steel raw materials, Stainless steel Energy - E&P, Gas operations, Energy, Resource development Agro & Materials - Agro, Mobility, Nonferrous, Eco-friendly materials Splits steel processing and manufacturing sectors as subsidiary, and names POSCO SPS.