POSCO competes with KEPCO
, and HyundaiMtr(1P)
. It operates through four segments: Steel, Trading, Construction, and Others. The Steel segment offers cold rolled and hot rolled products, stainless steel products, plates, wire rods, and silicon steel sheets, as well as semifinished products, such as pig iron, billets, blooms, and slab for various customer needs from manufacturing industries, automotive, shipbuilding, home appliance, engineering, and machinery industries. The Trading segment engages in exporting and importing various solutions and commodities, including iron and steel, raw materials for steel production, nonferrous metals, chemicals, automotive parts, machinery and plant equipment, electronics products, agricultural commodities, and textiles. The Construction segment is involved in the planning, design, and construction of industrial plants, commercial and residential buildings, architectural works, and civil engineering projects. The Others segment engages in power generation, liquefied natural gas production, network and system integration, and LNG logistics activities. As of December 31, 2012, this segment operated LNG combined cycle power generation facilities with total power generation capacity of approximately 3, 300 megawatts. POSCO also exports its solutions to China, Japan, Asia, Europe, the Middle East, North America, and internationally. POSCO was founded in 1968 and is based in Seoul, South Korea.