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Posco Daewoo Corp (047050.KS)

047050.KS on Korea Stock Exchange

18 Aug 2017
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Latest Key Developments (Source: Significant Developments)

Posco Daewoo sees FY 2017 operating profit to be 86 bln won
Thursday, 30 Mar 2017 02:47am EDT 

Posco Daewoo Corp <047050.KS> :Sees FY 2017 operating profit to be 86 billion won and revenue to be 4.69 trillion won.  Full Article

Posco Daewoo Corp reduces investment amount of gas field co-development to 49.37 bln won
Thursday, 29 Dec 2016 03:05am EST 

Posco Daewoo Corp <047050.KS> : Says joint development of gas field located in No.6-1 mining area on continental shelf . Says investment propotion is 30 percent for the company and 70 percent for Korea National Oil Corporation .Says it reduced investment amount down to 49.37 billion won from 71.57 billion won, due to decreased development expense.  Full Article

Posco Daewoo to merge with Posco P&S steel business
Friday, 4 Nov 2016 03:03am EDT 

Posco Daewoo Corp <047050.KS> : Says it will issue 10.7 million shares to merge with steel business of POSCO Processing & Service, to provide solution marketing to customers and strengthen global competitiveness of steel business . Says merger ratio is 1:0.4935239 between the company and POSCO Processing & Service .Merger effective date is March 1, 2017 and expected registered date is March 3, 2017.  Full Article

Daewoo International announces name change
Thursday, 24 Mar 2016 04:48am EDT 

Daewoo International Corporation:Changes it name to POSCO DAEWOO, effective from March 29.  Full Article

Daewoo International announces change in shareholding structure
Friday, 19 Feb 2016 01:12am EST 

Daewoo International Corporation:Templeton Global Advisors Limited and six related parties' stake in the company were increased to 5.21 pct (5,931,401 shares) up from 0 pct.  Full Article

Daewoo International declares annual cash dividend for 2015
Tuesday, 26 Jan 2016 03:40am EST 

Daewoo International Corporation:To pay annual cash dividend of 500 won per share for 2015.Dividend payment to shareholders of record on Dec. 31, 2015.Total dividend amount 56,938,145,500 won.  Full Article

Daewoo International - U.S. lifted Uzbekistan's rights ranking as cotton field abuses continued - Reuters
Wednesday, 23 Dec 2015 01:00am EST 

Daewoo International:The news reached Dmitry Tihonov in Uzbekistan's rural heartland as the labor activist quietly recorded the arrival of thousands of teachers, nurses, laborers, students and other conscripts sent to the fields to pick cotton. - RTRS.Human rights groups say Tihonov is a victim of Uzbekistan’s efforts to conceal a massive, state-orchestrated forced labor system that underpins its position as the world’s fifth-largest cotton exporter. - RTRS.The U.S. upgrade of Uzbekistan has not changed the boycott, said Patricia Jurewicz, director of Responsible Sourcing Network - RTRS.an advocacy group in California that maintains a list of companies that have pledged "to not knowingly" source Uzbek cotton until the country "ends the practice of forced child and adult labor in its cotton sector." - RTRS.But big cotton processors such as Singapore's Olam International Ltd and South Korea’s Daewoo International Corp 011160.KS, still buy Uzbek cotton, the companies said. - RTRS.Olam said it could not answer specific queries on Uzbek cotton, but added it was working with the government and other bodies to address labor issues. - RTRS.Because of weakness in the global economy, demand for Daewoo’s Uzbek cotton has weakened, a Daewoo company spokesman told Reuters.- RTRS.He declined to comment on the country’s forced labor conditions but welcomed Uzbekistan’s upgrade in the trafficking report as “definitely good”. - RTRS.  Full Article

BRIEF-Serengeti receives POSCO Daewoo's notification to exercise its option to fund $7 mln to advance Kwanika copper- gold project

* Serengeti receives POSCO Daewoo's notification to exercise its option to fund $7 million to Advance Kwanika copper-gold project