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POSCO International Corporation
POSCO International is a global trading house that buys and sells steel, gas, auto parts, and farm goods, and also develops energy projects.
POSCO International is South Korea's biggest trading company — a middleman that connects factories in one country with buyers in another. If a Korean steel mill needs iron ore, or a European carmaker needs parts made in Asia, a trading house like this one handles the deal. It also buys and sells LNG, crops, and consumer goods, and it develops its own energy and resource projects rather than just brokering other people's.
Its biggest and most important job is moving steel. As part of the POSCO group, it sells steel made by POSCO Holdings around the world and earns a trading margin on each deal. It also runs a sizable auto parts business, supplying components to carmakers, and a growing agro and consumer goods arm that sources crops and food products for Asian buyers. The LNG and energy side is smaller in revenue but strategically vital: the company has invested in gas fields and built a gas business in Myanmar, and it is pushing into LNG import terminals and power projects. The company's history is a good story. It began life as Daewoo International, part of the sprawling Daewoo group that collapsed spectacularly in 1999. The trading arm survived the wreckage, was bought by steelmaker POSCO in 2010, and was renamed POSCO International in 2021. That rescue turned a debt-laden relic into a profitable trading and energy company.
Its edge is the POSCO group's backing and its global network of offices, which lets it source and sell goods almost anywhere. The risks are real: trading margins are thin, commodity prices swing wildly, and its Myanmar gas business carries political risk. It also earns a chunk of profit from its stake in an Australian gas field, so energy prices matter to its bottom line.
Saved answer · last researched 12 Nov 2026