Starting off with the name Daewoo Corporation in 1967, POSCO INTERNATIONAL has played a leading role in Korea’s economic development through export enlargement. As Daewoo Corporation changed its name to Daewoo Co., Ltd. in 1982, the company started to handle the trade business exclusively. Separated as an independent corporation with the name Daewoo International Co., Ltd. in 2000, company mainly operates business in the fields of international trade, development and management of infrastructure, resource development and so on.
In 2010, the company was incorporated into POSCO Group, gaining solid internal stability. In 2017, through the merge and acquisition of the steel business unit of POSCO P&S, the company merged domestic and overseas steel distribution channels of POSCO Group, securing its position as the key subsidiary of POSCO Group. In 2019, the company has changed the name to ‘POSCO INTERNATIONAL’, preparing to take a great leap forward in the future.
Utilizing the international network comprised of more than 80 subsidiaries across the world, POSCO INTERNATIONAL is establishing value chains in various areas of business including steel, energy, agro-commodities, chemical products, machinery parts, infrastructure, and so on, discovering sustainable business models. Through this, POSCO INTERNATIONAL is becoming a ‘Globally Integrated Corporation’ that is directly involved in the entire major business processes beyond the conventional trading business.
In the grain business, the company is striving for completing a consolidated value-chain. As a mid-term goal, POSCO INTERNATIONAL targets to deal with more than a 10 million tons of grain commodities worldwide by 2023. Also, the company is on the way to have global assets to strengthen business capabilities, and finally, want to become one of influential companies in the global grain market. In the middle of this process, the company has invested in the grain export terminal of Mykolaiv seaport, and the terminal became the cornerstone of setting up the supply value chain in Ukrainian grain business. For the next step, the plan of POSCO INTERNATIONAL is to initiate investing in inland-silo logistics and farming business. As the company accumulates its business competitiveness in Ukrainian market, the company continuously solidifies its position as a global grain trader at the same time.
OREXIM Group of Companies
The group of companies «Orexim» started its activity with a small trading company in Kyiv and Mykolaiv in 2004.
Over the years, the business group has been transformed into a dynamic Investment Holding in infrastructure, logistics and finance.
In 2019, the group of companies «Orexim» sold 75% of the corporate rights of the Mykolaivsky Bakery Company («MMW») to a large multinational South Korean company «Posco International»(PIC).
At present «PIC» and «Orexim» are the co-owners of the modern grain port terminal «MMW» successfully developing this field.
In 2020, the group of companies «Orexim» sold 100% of the corporate rights of the port terminal for the transhipment of vegetable oil to LLC «Every», which is the leader in Ukraine and one of the largest in the world in terms of volume of one-time storage of vegetable oil, to «Viterra B. V.» ( «Glencore»).
Since its creation, the group of companies «Orexim» has invested in the economy of Ukraine in the amount of more than 100 million US dollars and has created more than 1000 jobs.
In 2020, the shareholders of the group of companies «Orexim» have created a corporate investment fund «Orexim capital», the main purpose of which is to attract investments in the economy of Ukraine.