Park Jin-hai primarily focuses on K-dramas, entertainment shows and actor interviews. Beyond that, she also pens articles covering the broader arts scene, with a particular emphasis on classical music, dance and various aspects of lifestyle. Since joining The Korea Times in 2013, she has made significant contributions in the realms of hallyu (Korean wave), industry news and international affairs.
POSCO, Renault Samsung team up
By Park Jin-hai
Francois Provost Renault Samsung Motors CEO
By Park Jin-hai
Kwon Oh-joon POSCO Chairman
POSCO and Renault Samsung Motors Thursday signed an agreement for closer cooperation.
Under the pact, POSCO will provide quality automotive steel for Renault Samsung’s new cars to be manufactured here from next month, while Renault will cooperate with the nation’s largest steelmaker in high-strength steel development and new materials for Renault cars.
“When the two companies, both trying to tide over the global economic downturn with leading innovation, join hands, we can prosper together,” said Oh In-hwan, head of Steel Business Division at POSCO, during the signing ceremony. “Let us strengthen the partnership in production, technology and marketing to maximize the synergy.
POSCO, the world's fourth largest steel maker by output, is supplying its steel to all global top 10 carmakers including Volkswagen, Toyota and GM.
Renault Samsung CEO Francois Provost said the agreement will pave the way for a strategic partnership.
Renault is currently producing SM series sedans and Nissan Rogue SUVs.
Renault plans to manufacture mid-sized Talisman sedans here from early next year.
“The Renault new cars will have POSCO’s high-strength steel, where the TVB-HPF technology, which enables manufacturing lighter vehicles, is applied for the first time here,” said a POSCO official.
POSCO and Renault Samsung have been in close technological cooperation, applying magnesium plates for cars for the first time in the world and developing a donut-shaped LPG tank jointly.
The steel mill, since it first produced automotive steel in late 1990s, has been expanding its production and sales in the global automotive steel segment.