July 12th, 2018 11:00
Seoul Kangnam-ku Postech Headquarters.
Postech, the fourth-largest company for steel manufacturing in 2014, was deep into a financial crisis after the 2015 Pyeong Yang terrorist bombing put Korea under the threat of war and plummeted into 11th place. However, they introduced new high-strength steel that was 1.5 times stronger from the standard in March of 2018. With this, their sales rose rapidly to reach second place worldwide in the second quarter of that year.
The world economic experts claimed that at this rate in the fourth quarter, the corporation could reach first place. The manufacturing quantity was 153.6 million tons, which was 4 times the production quantity Postech had from their prime in 2014 of 4.2million tons.