Nothing but negotiation

The Gap Partnership

Steel manufacturer looks for more mergers and acquisitions consultants

South Korean firm targets more takeovers

27 September 2010

Steel manufacturer POSCO is looking to recruit more mergers and acquisitions consultants as it aims to expands its operations.

The South Korean firm, which is the third largest steel manufacturer in the world, is reportedly set to target rival companies Daewoo Shipbuilding and Marine Engineering.

The Korean Times revealed that Chung Joon-yang, POSCO Chairman, told audience members at an event held by the Korea International Trade Association: "POSCO is good at planning, building and running steel mills but we want to be competitive at acquisitions.

"From now, we will actively pursue more mergers and acquisitions if there are opportunities."

Mr Joon-yang added that no takeover deals are currently in the pipeline.

Earlier this year, POSCO purchased South Korea's biggest trading company, Daewoo International, in a deal worth around $2.8 billion (£1.8 billion).

Daewoo focuses on international resource development and is currently working on a gas project in Burma. 

Gap News

March 2014

The Negotiation Roadshow 2014

Generating value through creative negotiation

Read more

July 2013

Trading Global: Negotiating in the Far East

The Gap Partnership are hosting a complimentary Lunch & Learn seminar in association with UK Trade & Investment

Read more

April 2013

GroceryAid Negotiation Event Raises £26,550

The Gap Partnership, in conjunction with Asda, SC Johnson and Waitrose, host one-day negotiation workshop

Read more

February 2013

Trading Global - Negotiating in the Far East

What is the impact of cultural differences on your negotiations?

Read more

December 2012

The Gap Partnership Release New Negotiation Video

The Nothing but Negotiation video series continues with collaborative negotiation

Read more