Search company, investor...

Predict your next investment

POSCO ICT company logo
Corporation
poscoict.co.kr

Investments

1

Portfolio Exits

1

Partners & Customers

7

About POSCO ICT

Posco ICT (포스코ICT) (KOSDAQ: 022100) is a South Korea-based provider of services in the areas of engineering, automation, system integration, and information technology (IT) outsourcing worldwide.

Headquarters Location

Gyeongsangbuk-do,

South Korea

Are you an investor?
Submit your portfolio details now to be considered in our investor rankings.

Expert Collections containing POSCO ICT

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find POSCO ICT in 1 Expert Collection, including Conference Exhibitors.

C

Conference Exhibitors

5,302 items

Latest POSCO ICT News

POSCO targets robotic automation solutions for new growth

Jun 15, 2023

POSCO targets robotic automation solutions for new growth POSCO DX aims to foster the robot business as a new growth engine, leading the industry expansion in cooperation with group firms By (CourtesyгҖҖofгҖҖPOSCOгҖҖDX) SEONGNAM, Gyeonggi Province -- POSCO DX Co., the IT services subsidiary of South KoreaвҖҷs largest steelmaker POSCO Group, aims to begin the robotic automation solution business in 2025 as the conglomerate actively utilizes robots in production to increase safety at workplaces and productivity. POSCO DX, formerly POSCO ICT Co. , is improving its robot capabilities in the groupвҖҷs core businesses such as steel and electric vehicle battery materials to accomplish the goal. вҖңCompanies are accelerating the introduction of robots to ensure the safety of workplaces and cope with the falling working population,вҖқ said POSCO DX CEO Jung Dukkyoon during a conference at its office in Pangyo, Seongnam, so-called South KoreaвҖҷs Silicon Valley. вҖңPOSCO DX aims to foster the robot business as a new growth engine while leading the expansion of robots across industries through cooperation with the group companies.вҖқ The group has already been paid off as more than 100 plants of affiliates including POSCOвҖҷs steel mills and POSCO Future M Co.'s cathode factories used robots, Jung said. ROBOTS HANDLE DANGEROUS JOBS POSCOвҖҷs steel mill in Gwangyang, South Jeolla Province, introduced robots, which remove dross from the zinc plating process by recognizing the rubbish through artificial intelligence, last month. The machines are handling dangerous work done by employees in the past, who had to regularly stirred the liquid zinc boiling at 419 degree Celsius or higher. Its Pohang Steel Works has been using robots that cut cold-rolled steel plates to prevent accidents caused by bounces of steel plates in the process of cutting and binding. The robots are capable of cutting 400 coils per hour. The steelmaker is also actively utilizing robots for its logistics sector. The two steel mills are operating more than 20 units of an automated guided vehicle (AGV), which can move two cold-rolled coils with a weight of 25 tons each and a pallet with a weight of 10 tons at once. POSCO E&C, the groupвҖҷs construction unit, is using robots for safety checks, welding and construction automation in a rare move in the local industry. Write to Jin-Won Kim at jin1@hankyung.com В 1 Min read

POSCO ICT Investments

1 Investments

POSCO ICT has made 1 investments. Their latest investment was in Xtreme Power as part of their Series C on July 7, 2010.

CBI Logo

POSCO ICT Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/16/2010

Series C

Xtreme Power

$29.5M

Yes

Date

7/16/2010

Round

Series C

Company

Xtreme Power

Amount

$29.5M

New?

Yes

Co-Investors

Sources

POSCO ICT Portfolio Exits

1 Portfolio Exit

POSCO ICT has 1 portfolio exit. Their latest portfolio exit was Xtreme Power on April 14, 2014.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/14/2014

Asset Sale

$99M

1

Date

4/14/2014

Exit

Asset Sale

Companies

Valuation

$99M

Acquirer

Sources

1

POSCO ICT Partners & Customers

7 Partners and customers

POSCO ICT has 7 strategic partners and customers. POSCO ICT recently partnered with Cogent Labs on February 2, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

2/1/2022

Partner

Japan

Cogent Labs Forms Technology Partnership with Major South Korean ICT Company POSCO ICT to Accelerate Global Roll-out of its SmartRead IDP Service.

Cogent Labs Inc. , developer and provider of Intelligent Document Processing , which uses cutting-edge AI technology , has announced that it entered into a technology partnership agreement with POSCO ICT , a leading South Korean ICT company .

1

10/19/2020

Partner

South Korea

Subscribe to see more

Subscribe to see more

10

3/19/2020

Partner

South Korea

Subscribe to see more

Subscribe to see more

0

8/6/2018

Vendor

Italy

Subscribe to see more

Subscribe to see more

10

10/26/2017

Client

South Korea

Subscribe to see more

Subscribe to see more

10

Date

2/1/2022

10/19/2020

3/19/2020

8/6/2018

10/26/2017

Type

Partner

Partner

Partner

Vendor

Client

Business Partner

Country

Japan

South Korea

South Korea

Italy

South Korea

News Snippet

Cogent Labs Forms Technology Partnership with Major South Korean ICT Company POSCO ICT to Accelerate Global Roll-out of its SmartRead IDP Service.

Cogent Labs Inc. , developer and provider of Intelligent Document Processing , which uses cutting-edge AI technology , has announced that it entered into a technology partnership agreement with POSCO ICT , a leading South Korean ICT company .

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

1

10

0

10

10

POSCO ICT Team

1 Team Member

POSCO ICT has 1 team member, including current Chief Executive Officer, Doowhan Choi.

Name

Work History

Title

Status

Doowhan Choi

Chief Executive Officer

Current

Name

Doowhan Choi

Work History

Title

Chief Executive Officer

Status

Current

Loading...

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.