[KH explains] Why Korea has been so quick to adopt ‘global minimum tax’
Mass walkout by trainee doctors nears deadline as health services crippled
Teachers and native English instructors now required to undergo drug testing
[Today’s K-pop] Karina of aespa is dating actor Lee Jae-wook: report
Russia sending North Korea food in return for arms: Seoul defense chief
POSCO’s Saudi automobile project could face overhaulBy Korea Herald
Published : July 21, 2016 - 17:14
“Many of Saudi Arabia’s high level officials in charge of the project have been changed, so many areas are being reviewed,” POSCO’s Lim Seung-kyu said at an investor relations event. He said that the company is conducting a study to determine the project’s viability three to four years, and more down the line.
“We expect a decision on whether to continue as planned, make some changes or to overhaul the plans to be made during the second half of the year.”
POSCO’s subsidiary POSCO Daewoo is taking part in the project. Although the agreement on the project was signed in 2014, progress had been slow and the Saudi government took the lead earlier this year.
By Choi He-suk (email@example.com)
Articles by Korea Herald
[Herald Interview] Rival heir to Kim Ju-ae unlikely to appear: unification minister
Coupang reports first profitable year
Main opposition wrestles with exodus over nomination spat