ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Asia300

Posco's Indonesian unit turns profit for the first time

South Korean steelmaker finally generating profits at overseas ops

SEOUL -- Posco's joint venture in Indonesia achieved its first operating profit after four years of operations, the South Korean steel giant said Monday.

Krakatau Posco is 70% owned by Posco, with the rest held by Indonesia's state-run Krakatau Steel. It is the South Korean parent's first full-fledged steel mill overseas.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more