POSCO, KDB moving to take over Dongbu Steel's Incheon operation: sources
Mar 27, 2014
POSCO, South Korea's largest steel producer, and Korea Development Bank (KDB) are moving to take over Dongbu Steel's operations in Incheon, west of Seoul, industry sources said Thursday. According to financial insiders and industry observers, the two partners will sign a memorandum of understanding and confidential agreement (CA) with the steel mill and start necessary proceedings for the eventual purchase. "Once the CA is signed, Dongbu will provide all necessary data needed to start due