POSCO to Inject Capital to Strengthen Battery Material Subsidiaries
POSCO Holdings (PKX) has announced a total investment of KRW 922.6 billion (roughly $660 million) to increase capital in its rechargeable battery material subsidiaries, aiming to enhance their competitiveness and strengthen management of its key business areas. At a board meeting, POSCO Holdings approved capital injections into three rechargeable battery material subsidiaries: KRW 525.6 billion for POSCO Future M, KRW 328 billion for POSCO Pilbara Lithium Solution and KRW 69 billion for POSCO GS Eco Materia ...