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Morningstar•August 27, 2020
Morningstar•August 27, 2020POSCO Holdings Inc.: Posco’s Q2 Results in Line Despite Negative Coronavirus Impact; FVE Unchanged
Summary
Posco is the largest steel producer in South Korea and one of the top steel producers globally. It mainly produces flat steel and stainless steel from its two integrated steel facilities. It is exposed to the auto, shipbuilding, home appliance, engineering, and machinery industries. Posco controls around 40% of South Korean domestic market share and exports around 45%-50% of its steel products overseas, m
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Analyst Profile
Ken Foong
Equity AnalystKen Foong is an equity analyst for Morningstar Investment Adviser Singapore Pte Ltd., a wholly owned subsidiary of Morningstar, Inc. He covers the basic-materials sector.Before joining Morningstar in 2017, Foong spent three years as an equity analyst at Goldman Sachs in London, where he covered the European steel sector.Foong holds a bachelor’s degree in accounting and finance from the London School of Economics and Political Science. He also holds the Chartered Financial Analyst® designation.