Nangcheon Stream News Today

Lawmakers of the ruling People Power Party (PPP) raised questions at Tuesdays National Assembly audit on whether POSCO had taken proper countermeasures last month against Typhoon Hinnamnor, which flooded the steelmakers main plant in Pohang, North Gyeongsang Province.

POSCO has been involved recently in a political dispute between the ruling People Power Party (PPP) and the main opposition Democratic Party of Korea (DPK), since Typhoon Hinnamnor dealt a severe blow earlier this month to the companys main steel mill in Pohang, North Gyeongsang Province. While both the government and the ruling party have questioned POSCO managements responsibility for the flooding due to the super typhoon, the opposition party has defended the steelmaker, arguing that the gove...

POSCO resumed the operation of the no. 4 and no. 2 blast furnaces as of September 12: the entire blast furnaces of Pohang Steelworks are under normal operation. POSCO resumed the operation of the no.4 steel converter and has run an emergency shipment response team starting September 12. The rolling line, which was most heavily affected by the...