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Metal engineering expert takes helm of POSCO

An engineering expert on Friday took the helm of South Korea' steel giant POSCO promising an overhaul of the company as it suffers falling profits owing global economic uncertainty and competition from Chinese rivals. Shareholders and board of directors at the world's number five steelmaker approved Kwon Oh-Joon, a 64-year-old metal engineer, as its eighth CEO on Friday, putting him in charge through to March 2017.

Football: Love tears Osaka apart

Vagner Love outshone Cerezo Osaka star Diego Forlan with two goals in a stunning 3-1 win as China's Shandong Luneng went top of their group in the AFC Champions League on Tuesday. After his fellow Brazilian Aloisio had headed Shandong into a fifth-minute lead at the Osaka Nagai Stadium, Love struck with a pair of exquisite finishes.

Football: Love tears Osaka apart

Vagner Love outshone Cerezo Osaka's star recruit Diego Forlan with two goals in a stunning 3-1 win as China's Shandong Luneng went top of their group in the AFC Champions League on Tuesday. After his fellow Brazilian Aloisio had headed Shandong into a fifth-minute lead at the Osaka Nagai Stadium, Love struck with a pair of exquisite finishes.

Indian PM says delayed Korean steel plant to open soon

Indian premier Manmohan Singh Thursday said a mega steel plant being built by South Korean multinational Posco would become operational in the coming weeks, allaying fears of further delays in the project. Singh gave his assurances on the $12-billion plant, India's biggest foreign investment project, to visiting South Korean President Park Geun-hye during their meeting in New Delhi. "I conveyed to President Park our hope that this project will confirm that economic growth and environmental protection can go hand in hand," Singh said in a statement.

Indian PM says delayed Korean steel plant to open soon

Indian premier Manmohan Singh Thursday said a mega steel plant being built by South Korean multinational Posco would become operational in the coming weeks, allaying fears of further delays in the project. Singh gave his assurances on the $12-billion plant, India's biggest foreign investment project, to visiting South Korean President Park Geun-hye during their meeting in New Delhi. "I conveyed to President Park our hope that this project will confirm that economic growth and environmental protection can go hand in hand," Singh said in a statement.

POSCO picks candidate for next CEO

By Nam Kwang-sik SEOUL, Jan. 16 (Yonhap) -- POSCO, the world's fifth-largest steelmaker, on Thursday nominated current President Kwon Oh-joon as the candidate to succeed its outgoing chief executive. POSCO's CEO recommendation council picked Kwon, 64, from the shortlist of five candidates to be the next CEO, the company said in an e-mailed statement.

POSCO picks candidate for next CEO

By Nam Kwang-sik SEOUL, Jan. 16 (Yonhap) -- POSCO, the world's fifth-largest steelmaker, on Thursday nominated current President Kwon Oh-joon as the candidate to succeed its outgoing chief executive. POSCO's CEO recommendation council picked Kwon, 64, from the shortlist of five candidates to be the next CEO, the company said in an e-mailed statement.

POSCO shortlists CEO candidates

by Nam Kwang-sik SEOUL, Jan. 15 (Yonhap) -- POSCO, South Korea's top steelmaker, said Wednesday that it has shortlisted five candidates to succeed chief executive Chung Joon-yang, who offered to resign in November with more than a year left in his three-year term. The shortlist includes four internal candidates -- Kwon Oh-joon, president of POSCO; POSCO Chemtech CEO Kim Jin-il; POSCO Educational Foundation Director Park Han-yong; and POSCO Engineering

Bolton's Lee Chung-yong voted top S. Korean footballer of 2013

SEOUL, Dec. 26 (Yonhap) -- Bolton Wanderers' midfielder Lee Chung-yong was voted the top South Korean footballer of 2013 in a national survey released on Thursday. The Korea Football Association (KFA) said Lee drew 1,369 out of 2,776 votes cast by fans in its annual survey. Playing for the second-division English side, Lee has made a successful comeback after suffering a career-threatening leg injury before the 2011-12 season.

Two employees of POSCO subcontractor found dead at Pohang plant

DAEGU, Dec. 16 (Yonhap) -- Two employees of a POSCO subcontractor were found dead Monday at the steelmaker's main plant in Pohang, southeastern South Korea, fire officials said. An accident of unknown cause occurred at an oxygen production facility of the Pohang plant about 380 kilometers southeast of Seoul at 8:30 p.m., said the officials, adding that fire fighters have rushed to the scene.
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