Kim Dae-eun

3 weeks ago | pulse.mk.co.kr | Woo Jae-yoon |Kim Dae-eun |Moon Jae-yong |Han Yubin

South Korean steel giant POSCO Group has decided to invest nearly 1 trillion won ($706 million) in its secondary battery materials affiliates, including POSCO Future M Co., to support capacity expansion and stabilize operations. POSCO Holdings held a board meeting on Tuesday and approved a total investment of 922.6 billion won through a capital increase in three subsidiaries — POSCO Future M, POSCO-Pilbara Lithium Solution, and POSCO GS Eco-Materials.