A South Korean steel giant POSCO is the is ranked number two in the world in capitalization. Its main sphere of interests relates to the iron and steel industry. The major plants are located in South Korea, and there is a joint venture with American manufacturers in the USA. Numerous subsidiaries operate on the iron and steel market as well. The company was established from scratch in 1968 against a total lack of the industry in the country, and within a century achieved impressive success. It finances its personal research institute, as well as developments in informational technologies and engineering. Promising areas are joint projects with China and India; for the last 5 years joint projects with African countries, including Cameroon, have been scheduled. The company's founder was Major-General Park Tae Jun, a would-be Prime-Minister of the Republic. It managed to attract Japanese investors, which is considered to be a huge political success in peacebuilding in the region. Nowadays, the company's annual turnover amounts to $60 billion with the net profit of $3.2 bln. The POSCO stocks enjoy a solid position on the market with a steady price growth. Analysts consider the company to be one of the most promising in the iron and steel industry. There are two explanations of this fact: exceptional contributions of POSCO in scientific research of heat of steel, "smart" buildings, and computer technologies, as well as focus on breaking into a huge market of developing countries.
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