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포스코대우

POSCO-DAEWOO

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  • POSCO-DAEWOO

Since 1967/POSCO DAEWOO

2017
Merged with steel business unit of POSCO P&S
2016
changed company name to POSCO DAEWOO
2010
Incorporated into POSCO Group
2000
Established as Daewoo International Corporation
1982
Changed to Daewoo Corporation
1967
Founded as Daewoo Industry Co., Ltd

Since its foundation as Daewoo Industry Co., Ltd in 1967, POSCO DAEWOO has been taking a leading role in the center of Korean national economic development through the outstanding export enlargement. Renamed as Daewoo Corporation in 1982, it began to devote itself to international trade. POSCO DAEWOO Corp. was a spin-off of Daewoo Corporation in December 2000, and specialized in international trade, project organizing, and resource development. Subsequently, POSCO DAEWOO Corp. reported remarkable annual sales growth of 30% prior to being incorporated into POSCO Group in 2010.

With over 100 global networks around the world, POSCO DAEWOO does various business with local and international customers, carrying a wide range of products including steel, metal, machinery, automotive component, Industrial electronics, steel raw material, non-ferrous metal, chemical and agro-fishery product. In addition, POSCO DAEWOO Corp. not only engages in the export and triangular trade of industrial machines and equipments, but also plays a critical role as a project organizer in the implementation of overseas development project such as power generation, railroad, ports, plants and IT facility.

In an effort to improve its business structure to strengthen what has been a weak bottom line, POSCO DAEWOO Corp. has embarked on overseas resource development project. Starting with offshore gas field development in Vietnam in 1992, POSCO DAEWOO Corp. has engaged in 15 projects such as oil, gas, mineral and food resource throughout the world, including bituminous coal in Narrabri, Australia and palm oil in Indonesia. Such efforts leads POSCO DAEWOO Corp. to establish a solid foothold as a leading global resource developer in the world market. Myanmar offshore gas field that started its commercial production in June 2013 and POSCO DAEWOO Corp. has the rights to explore, develop and produce as well as operate.

POSCO DAEWOO Corporation

  • Founded on

    March 22, 1967
  • Represented by

    KIM YOUNG-SANG
  • Key businesses

    International trade, Project Organizing , Resource development
  • Members

    8,774 (1,009 in Korea, 7,765 Overseas Employees)
  • Overseas bases

    109 in 58 countries (as of May 2016)
  • Sales Volume

    KRW 17.5269 trillion (2015)
  • Operating income

    KRW 368.8 billion (2015)
  • Address

    (21998) 165, Convensia-daero, Yeonsu-gu, Incheon, Korea
  • Contacts

    Tel.: 02-759-2114, Fax: 02-753-9489

History

2017 - 2007
  • 2017

    03. Merged with steel business unit of POSCO P&S

  • 2016

    03. changed company name to POSCO DAEWOO

  • 2015

    01. Relocated its office to Northeast Asia Trade Tower in Songdo

    07. Announces President Kim Young Sang as CEO & Chairman of BOD

  • 2014

    02. Awarded 1.4 billion USD contract to build Combined Cycle Power Plant in Algeria.

    03. Announces President Jeon Byeong Eal as CEO & Chairman of BOD

    05. Groundbreaking Ceremony held for Myanmar Hotel project.

  • 2013

    06. Started commercial production at the Myanmar gas field

    07. Concluded contract for Northeast Asia Trade Tower(NEATT) in Songdo Held a ceremony to mark the production at the
    Myanmaroffshore gas field

    08. Invested in stake in the development of tight oil in Canada

  • 2012

    03. Completed jackets installation at the Myanmar offshore gas field

    06. Converted overseas convertible bonds(CB) worth $2,979 million out of $300 million

    11. Sailed Topside of the production platform for the Myanmar offshore gas field

  • 2011

    09. Acquired East Sea 6-1 field exploration rights Succeeded test for estimated reserves at the Myanmar offshore gas field

    10. Held a signing ceremony as a sponsor for the Korean national bobsleigh-skeleton team

    12. Awarded ‘2011 Seoul Welfare Grand Prize’ sponsored by the Seoul Welfare Federation

  • 2010

    08. Joined convertible POSCO DAEWOO stock sales meeting and conclusion of a stock sales contract with POSCO

    10. Inaugurated Lee Dong-Hee as CEO & Chairman of BOD

  • 2009

    11. Declared commercial viability for development of Myanmar offshore gas field

  • 2008

    12. Acquired ISO 14001 certification by Daewoo Int’l Japan Corp.

    12. Concluded contract for gas sales from Myanmar offshore gas field

  • 2007

    08. Upgraded credit grade to “A”

    06. Awarded the grand prize for shareholder value sponsored by Money Today

    10. Awarded grand prize in the sector of global management by the Korea Management Association

    10. Awarded grand prize for digital knowledge management by National Information Society Agency

2017 - 2007
  • 2006

    01. Discovered Myanmar A-3 offshore gas field

    06. Received prize for excellence in corporate governance by Corporate Governance Service

    07. Received achievement award in textile category on the 60th Anniversary of the International Trade Day

    12. Awarded the best prize in the sector future management hosted by the Korea Management Association

    12. Certified outstanding IT company / Awarded the grand prize for employee stock ownership plan by the Ministry of Labor

  • 2005

    01. Received the grand prize for transparent management by the five economic associations (including Korea Employers Federation)

    03. Awarded ‘Gold Tower Order of Industrial Service Merit’ on the day of commerce and industry

    05. Incorporated into the KRX 100 Index

    08. Received the Globalization Excellent Management Awards sponsored by the Korea Economic Daily

    11. Upgraded credit grade to “BBB+”

    12. Certified outstanding IT company at 2006 Digital Knowledge Management Awards

  • 2004

    01. Discovered Myanmar A-1 offshore gas field

    12. Reported sales over KRW 5 trillion

  • 2003

    12. Completed the workout program

  • 2002

    12. Turned into profit-making

  • 2000

    12. Spun off POSCO DAEWOO Corporation from the Daewoo Corporation

  • 1999

    08. Begin the workout program of 12 Companies under Daewoo group including Daewoo Corporation

  • 1997

    11. Received the presidential award for exceeding USD 10 billion in exports

  • 1982

    01. Launched Daewoo Corporation

  • 1979

    11. Became the first company in Korea to be received the presidential award exceeding USD 1 billion in exports

  • 1975

    05. Appointed Daewoo Industry Co., Ltd. as a general trading company

  • 1967

    03. Founded as Daewoo Industry Co., Ltd.