Asian Currencies Hold Steady Amid U.S.-Israel-Iran Tensions and BOJ Signals 
Dollar Surges to Monthly High as Middle East Conflict Rattles Global Markets 
U.S. Trade Rep Dismisses WTO's Future Role After Failed Cameroon Summit 
RBC Capital: European Medtech Firms Show Minimal Middle East and Energy Risk Exposure 
Cybersecurity Stocks Tumble After Anthropic's Claude Mythos AI Leak Sparks Market Fears 
WTO Ministerial Collapse Leaves Global Digital Trade Rules in Limbo 
Nomura Upgrades PDD Holdings to Buy, Calls Stock Too Cheap to Ignore 
Aluminum Prices Surge Toward Four-Year Highs After Gulf Smelter Strikes 
Cathay Pacific Holds Firm on Flight Capacity Amid Middle East Conflict and Rising Fuel Costs 
Federal Judge Blocks Pentagon's Blacklisting of AI Company Anthropic 
U.S. Stock Futures Surge After WSJ Report on Trump's Iran War Exit Strategy 
U.S. Dollar Posts Strong Monthly Gain Amid Middle East Conflict Despite Late Dip 
Chinese Universities with PLA Ties Found Purchasing Restricted U.S. AI Chips Through Super Micro Servers 
Microsoft Eyes $7B Texas Energy Deal to Power AI Data Centers 
Brazil Meat Exports Weather Iran War Disruptions With Rerouted Shipments 
Iran Strikes Oil Tanker Near Dubai Amid U.S. Threats and Ongoing Middle East Conflict 
Brown-Forman and Pernod Ricard in Merger Talks to Create World's Largest Spirits Giant 
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.
