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    A047050   KR7047050000

POSCO INTERNATIONAL CORPORATION

(A047050)
  Report
End-of-day quote Korea Stock Exchange  -  2022-11-24
23600.00 KRW   +0.64%
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Posco International : Sound of the Opera "Chunhyangjeon" Fills the Night Sky of Tashkent, POSCO INTERNATIONAL Sponsors Opera to Promote Busan Expo Bid

08/22/2022 EST

Sound of the Opera "Chunhyangjeon"

Fills the Night Sky of Tashkent

POSCO INTERNATIONAL Sponsors Opera

to Promote Busan Expo Bid

- Sponsored the opera "Chunhyangjeon" in Uzbekistan to mark the 30th anniversary of ties between Korea and Uzbekistan

- Cooperates with the Korean Embassy in Uzbekistan and Busan Metropolitan City to promote Busan's bid for the World Expo 2030

- Practicing the management philosophy of global corporate citizenship for mutual growth as the largest foreign capital firm in Uzbekistan

On the 21st day of this month, POSCO INTERNATIONAL (CEO Joo Si-Bo) sponsored a staging of the Korea opera "Chunhyangjeon" in Uzbekistan to promote Busan's bid to host the 2030 World Expo.

This performance was held at the Invitation of Uzbekistan to mark the 30th anniversary of the establishment of diplomatic relations between Uzbekistan and Korea, and was sponsored by POSCO INTERNATIONAL, Busan Metropolitan City, and Busan Cultural Foundation and performed by Korea's Sol'opera troupe.

Held at the State Academic Bolshoi Opera and Ballet Theatre in Tashkent on that day, the performance was enjoyed by 1,200 people who were curious about K-Culture, along with the Director of Uzbek's Ministry of Tourism and Cultural Heritage, Uzbekistan government officials, Korean Ambassador to Uzbekistan Kim Hee-Sang, and POSCO INTERNATIONAL Textile's President Cho Seung-Hyun.

Before the performance, POSCO INTERNATIONAL held a reception to promote the bid to host the 2030 World Expo in Busan. During the reception, POSCO INTERNATIONAL played an official promotional video for the bid to host the 2030 World Expo in Busan, followed by introducing its global business as well as its textile business in Uzbekistan.

"Since founding our Tashkent branch in 1992, we have continued our business in Uzbekistan for 30 years now, and are looking forward to the next three decades," a representative attending for POSCO INTERNATIONAL said. "We humbly ask for your support for a successful bid by Busan, the beautiful port city, to host the World Expo in 2030."

"I truly appreciate Uzbekistan's cooperation with and support for us," Korean Ambassador to Uzbekistan Kim Hee-Sang remarked. "As we mark the 30th anniversary of diplomatic ties between Korea and Uzbekistan, I hope that our harmony and friendship can deepen, contributing to Busan's bid for the World Expo 2030."

The opera "Chunhyangjeon" is a modern-day interpretation of the classic Korean novel of the same name, recreated by the Italian director Antonio de Lucia and Sol'opera troupe in 2008. The opera has been highly acclaimed by critics for beautifully representing traditional Korean dance, musical instruments, and costumes under the unique artistic direction.

Since the establishment of its Tashkent branch in 1992 and its Uzbekistan textile factory in 1996, POSCO INTERNATIONAL has grown to become the largest textile company in Uzbekistan. With about 4,000 employees and executives currently employed there, the Uzbekistan branch recorded profits of 37 million dollars last year.

In March this year, it also signed a memorandum of agreement (MOA) to build an Uzbekistan cotton cluster. As part of its efforts to continue the solid business partnership, it decided to expand its cotton cultivation area in Fergana from 5,000 hectares to 35,000 hectares (120 times the size of Yeouido in Seoul) by 2025.

Meanwhile, POSCO INTERNATIONAL is actively promoting Busan's bid for the World Expo 2030 at the company level. It also asked government officials to support Busan's bid for World Expo 2030 during its commencement ceremony for the construction of the electric vehicle component manufacturing plant last July in Mexico, and its MOA ceremony for the Uzbekistan cotton cluster in March of this year. Beyond this, as a corporate diplomat, POSCO INTERNATIONAL is running global businesses in a range of areas, including resources and food, to raiseawareness of the value of Korean brands.

Disclaimer

Posco International Corporation published this content on 22 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 August 2022 07:20:02 UTC.


ę Publicnow 2022
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Financials
Sales 2022 38 437 B 28,8 B 28,8 B
Net income 2022 614 B 0,46 B 0,46 B
Net Debt 2022 3 558 B 2,67 B 2,67 B
P/E ratio 2022 4,76x
Yield 2022 4,13%
Capitalization 2 912 B 2 181 M 2 181 M
EV / Sales 2022 0,17x
EV / Sales 2023 0,15x
Nbr of Employees 1 204
Free-Float 36,9%
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Last Close Price 23 600,00 KRW
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Managers and Directors
Si-Bo Joo President & Chief Executive Officer
Eun-Joo Choi Managing Director & Head-Investment Management
Hee-Cheol Kang Independent Director
Gi-Yeong Lee Independent Director
Soo-Young Kwon Independent Director
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