Details of joint ventures as of December 31, 2016 and 2017 are as follows:
| Ownership (%) | ||||||||||||||
|
Investee |
Category of business |
2016 | 2017 | Region | ||||||||||
|
[Domestic] |
||||||||||||||
|
POSCO MITSUBISHI CARBON TECHNOLOGY |
Steel processing and sales | 60.00 | 60.00 | Gwangyang | ||||||||||
|
POSCO-SGI Falcon Pharmaceutic Bio Secondary Fund 1 (*1) |
Investment in new technologies | — | 24.55 | Seoul | ||||||||||
|
POSCO-KB Shipbuilding Restructuring Fund (*1) |
Investment in new technologies | — | 18.75 | Seoul | ||||||||||
|
POSCO-NSC Venture Fund (*1) |
Investment in new technologies | — | 16.67 | Seoul | ||||||||||
|
PCC L&K New Technology 1st Fund (*1) |
Investment in new technologies | — | 10.00 | Seoul | ||||||||||
|
PoscoPlutus Project 3rd Investment Fund (*1) |
Investment in new technologies | — | 5.96 | Seoul | ||||||||||
|
[Foreign] |
||||||||||||||
|
Roy Hill Holdings Pty Ltd |
Energy & resource development | 12.50 | 12.50 | Australia | ||||||||||
|
POSCO-NPS Niobium LLC |
Mine development | 50.00 | 50.00 | USA | ||||||||||
|
CSP — Compania Siderurgica do Pecem |
Steel manufacturing and sales | 20.00 | 20.00 | Brazil | ||||||||||
|
BX STEEL POSCO Cold Rolled Sheet Co., Ltd. |
Steel processing and sales | 25.00 | 25.00 | China | ||||||||||
|
KOBRASCO |
Steel materials manufacturing and sales | 50.00 | 50.00 | Brazil | ||||||||||
|
DMSA/AMSA |
Energy & resource development | 4.00 | 4.00 | Madagascar | ||||||||||
|
PT. POSMI Steel Indonesia |
Steel processing and sales | 36.69 | 36.69 | Indonesia | ||||||||||
|
VNS-DAEWOO Co., Ltd. |
Steel scrap processing and sale | 40.00 | 40.00 | Vietnam | ||||||||||
|
YULCHON MEXICO S.A. DE C.V. |
Tube for automobile manufacturing | 19.00 | 19.00 | Mexico | ||||||||||
|
POSCO-SAMSUNG-Slovakia Processing Center |
Steel processing and sales | 30.00 | 30.00 | Slovakia | ||||||||||
|
United Spiral Pipe, LLC |
Material manufacturing and sales | 35.00 | 35.00 | USA | ||||||||||
|
Korea Siberia Wood CJSC |
Forest resource development | 50.00 | 50.00 | Russia | ||||||||||
|
Hyunson Engineering & Construction HYENCO |
Construction | 4.90 | 4.90 | Algeria | ||||||||||
|
USS-POSCO Industries |
Cold-rolled steel manufacturing and sales | 50.00 | 50.00 | USA | ||||||||||
|
POSCO E&C Saudi Arabia |
Civil engineering and construction | 40.00 | 40.00 | |
Saudi Arabia |
|
||||||||
|
Pos-Austem Suzhou Automotive Co., Ltd (*1) |
Automotive parts manufacturing | — | 19.90 | China | ||||||||||
|
POS-AUSTEM YANTAI
AUTOMOTIVE |
Automotive parts manufacturing | — | 11.06 | China | ||||||||||
|
POS-AUSTEM WUHAN
AUTOMOTIVE |
Automotive parts manufacturing | — | 13.00 | China | ||||||||||
|
POS-InfraAuto (Suzhou) Co., Ltd (*1) |
Automotive parts manufacturing | — | 16.20 | China | ||||||||||
|
Kwanika Copper Corporation (formerly, Daewoo Minerals Canada Corporation) (*2) |
Energy & resource development | — | 35.00 | Canada | ||||||||||
|
Henan Tsingpu Ferro Alloy Co., Ltd. (*3) |
Raw material manufacturing and sales | 49.00 | — | China | ||||||||||
|
Zhangjiagang Pohang Refractories Co., Ltd. (*4) |
Refractory manufacturing | 50.00 | — | China | ||||||||||
| (*1) | These joint ventures were newly established in 2017. |
| (*2) | Reclassified to joint venture from subsidiary during the year ended December 31, 2017. |
| (*3) | Excluded from joint ventures due to the disposal of shares during the year ended December 31, 2017. |
| (*4) | Reclassified to subsidiary from joint venture during the year ended December 31, 2017. |