Tag: raw materials

raw materials

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Shelves stocked with Ottogi food products in a Seoul supermarket aisle.

Packing a price punch

Otoki announced that it will raise its factory prices on a range of products, from packs of curry to glass noodles and ketchup.

2026.7.15

Posco International posts record-highs in Q2 performance

Posco International posted a record-high performance in the second quarter this year, announcing an operating profit of 320.6 billion won ($245.1 million), an on-year increase of 88.6 percent.

2022.7.21

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The price of Haepyo canola oil and pressed olive oil will increase by up to 20.8 percent from next month. Ottogi also recently raised the price of commercial cooking oil by 20 percent. Cooking oil, such as canola oil and olive oilm are on display at a large mart in Seoul on Tuesday. [YONHAP]

Losing money on each sale, Korean companies cut back

A new survey by the Bank of Korea found that four out of every 10 companies said this year raw material prices have risen by more than 20 percent compared to last year.

2022.6.28

Posco Hodlings Chairman Choi Jeong-woo, left, with Hancock Chairwoman Gina Rinehart, right, at the Hancock offices in Perth, Australia, on Monday. [POSCO]

Posco Holdings signs an MOU with Australia's Hancock

Posco Holdings signed a memorandum of understanding (MOU) with Australia’s Hancock on Monday related to mine development and the processing of raw materials used in electric vehicle (EV) batteries.

2022.6.21

Posco is expanding its secondary battery material business across the globe. [POSCO]

Posco puts focus on secondary battery materials

With the secondary battery material business deemed a priority as a new growth industry, Posco is building a value chain for secondary battery materials businesses by expanding core raw materials businesses along with anode and cathode businesses.

2022.3.2