Nomura Shares Drop After Profit Miss Despite Strong Revenue Growth 
U.S.-Iran Tensions Escalate as Strait of Hormuz Crisis Disrupts Global Oil Markets 
Trump Urges Iran to Call for Talks as War Stalemate Disrupts Oil Markets 
BOJ Rate Decision in Focus as Yen, Inflation, and Nikkei Hang in Balance 
US Stock Futures Steady as Oil Prices Surge and Big Tech Earnings Loom 
Global PCB Prices Surge Amid Middle East Conflict and Supply Chain Disruptions 
U.S. Warns Allies Over Alleged Chinese AI IP Theft Linked to DeepSeek 
DeepSeek Slashes AI Model Pricing to Boost Adoption and Challenge Global Rivals 
Dollar Weakens Amid Middle East Tensions and Anticipated Central Bank Decisions 
U.S. Consumer Sentiment Hits Record Low as Iran Conflict Fuels Inflation Concerns 
Oil Prices Steady as U.S.-Iran Talks Ease Tensions Despite Strait of Hormuz Disruptions 
Toyota Global Vehicle Sales Decline in March Amid RAV4 Transition and Middle East Slowdown 
Amazon Stock Rises as Meta Expands AWS Partnership for AI Infrastructure 
Hyundai Plans 20 New Models in China to Boost EV Strategy and Market Share 
U.S. Sanctions Target Chinese Refinery Over Iranian Oil Purchases 
Asian Currencies Rise Ahead of BOJ and Fed Meetings as Dollar Softens 
POSCO International will establish a motor core plant in Poland or Slovakia, giving production bases in Asia, North America, and Europe.
The company has factories in China and India, and recently finalized the establishment of a production corporation in Mexico.
Motor cores would be among POSCO’s growth drivers as the global automobile market shifts towards electric and hydrogen vehicles.
POSCO International wants to secure a 20 percent share of the global market by increasing its production capacity to four million units by 2025, including two million units in South Korea, 900,000 units in China, 650,000 units in North America, and 450,000 units in Europe.
The establishment of a European plant helps POSCO International's effort to become an eco-friendly car component company.
The company will also establish a European subsidiary to be finalized in the first half of next year and kick off its operations in 2024.
POSCO International and POSCO SPS are considering jointly making equity investments in the subsidiary or setting up a joint venture company.
POSCO SPS will be in charge of production while POSCO International, will take responsibility for sales and marketing.
POSCO’s Chinese subsidiary had been manufacturing motor cores for home appliances such as refrigerators and washing machines but began producing those for electric vehicles in 2019.
Its India subsidiary is mainly making industrial motor cores and motor cores for transformers but is likely to switch to motor cores for electric vehicles.
Its annual sales target is 750 billion won.
