Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Australian Pension Funds Boost Currency Hedging as Aussie Dollar Strengthens 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Asian Currencies Stay Rangebound as Yen Firms on Intervention Talk 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Samsung Electronics Shares Jump on HBM4 Mass Production Report 
Oil Prices Slip as U.S.-Iran Talks Ease Middle East Tensions 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Innovent Biologics Shares Rally on New Eli Lilly Oncology and Immunology Deal 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
POSCO International will establish a motor core plant in Poland or Slovakia, giving production bases in Asia, North America, and Europe.
The company has factories in China and India, and recently finalized the establishment of a production corporation in Mexico.
Motor cores would be among POSCO’s growth drivers as the global automobile market shifts towards electric and hydrogen vehicles.
POSCO International wants to secure a 20 percent share of the global market by increasing its production capacity to four million units by 2025, including two million units in South Korea, 900,000 units in China, 650,000 units in North America, and 450,000 units in Europe.
The establishment of a European plant helps POSCO International's effort to become an eco-friendly car component company.
The company will also establish a European subsidiary to be finalized in the first half of next year and kick off its operations in 2024.
POSCO International and POSCO SPS are considering jointly making equity investments in the subsidiary or setting up a joint venture company.
POSCO SPS will be in charge of production while POSCO International, will take responsibility for sales and marketing.
POSCO’s Chinese subsidiary had been manufacturing motor cores for home appliances such as refrigerators and washing machines but began producing those for electric vehicles in 2019.
Its India subsidiary is mainly making industrial motor cores and motor cores for transformers but is likely to switch to motor cores for electric vehicles.
Its annual sales target is 750 billion won.
