Details of associates and joint ventures
1) Associates
Details of associates as of December 31, 2016 and 2017 are as follows:
| Ownership (%) | ||||||||||||||
|
Investee |
Category of business |
2016 | 2017 | Region | ||||||||||
|
[Domestic] |
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|
EQP POSCO Global NO1 Natural Resources PEF |
Investment in new technologies | 29.37 | 31.14 | Seoul | ||||||||||
|
POSCO PLANTEC Co., Ltd. (*2) |
Construction of industrial plant | 73.94 | 73.94 | Ulsan | ||||||||||
|
SNNC |
Raw material manufacturing and sales | 49.00 | 49.00 | Gwangyang | ||||||||||
|
QSONE Co.,Ltd. |
Real estate rental and facility management | 50.00 | 50.00 | Seoul | ||||||||||
|
Chun-cheon Energy Co., Ltd |
Electricity generation | 29.90 | 45.67 | Chuncheon | ||||||||||
|
Incheon-Gimpo Expressway Co., Ltd. (*1) |
Construction | 20.04 | 18.26 | Anyang | ||||||||||
|
BLUE OCEAN Private Equity Fund |
Private equity financial | 27.52 | 27.52 | Seoul | ||||||||||
|
UITrans LRT Co., Ltd. |
Transporting | 38.19 | 38.19 | Seoul | ||||||||||
|
Keystone NO. 1. Private Equity Fund |
Private equity financial | 40.45 | 40.45 | Seoul | ||||||||||
|
CHUNGJU ENTERPRISE CITY |
Real estate development | 29.53 | 29.53 | Chungju | ||||||||||
|
Daesung Steel (*1) |
Steel sales | 17.54 | 17.54 | Busan | ||||||||||
|
KoFC POSCO HANWHA KB Shared Growth |
Investment in new technologies | 12.50 | 12.50 | Seoul | ||||||||||
|
KONES, Corp. |
Technical service | 41.67 | 41.67 | Gyeongju | ||||||||||
|
Gale International Korea, LLC |
Real estate rental | 29.90 | 29.90 | Seoul | ||||||||||
|
Pohang Techno Valley PFV Corporation (*3) |
Real estate development, supply and rental | 30.28 | 57.39 | Pohang | ||||||||||
|
Gunggi Green Energy (*1) |
Electricity generation | 19.00 | 19.00 | Hwaseong | ||||||||||
|
Pohang Special Welding Co.,Ltd. |
Welding material and tools manufacturing and sales | 50.00 | 50.00 | Pohang | ||||||||||
|
KC Chemicals CORP (*1) |
Machinery manufacturing | 19.00 | 19.00 | Hwaseong | ||||||||||
|
Posco-IDV Growth Ladder IP Fund (*1) |
Investment in new technologies | 17.86 | 17.86 | Seoul | ||||||||||
|
DAEHO GLOBAL MANAGEMENT CO., LTD. |
Investment advisory service | 35.82 | 35.82 | Pohang | ||||||||||
|
Clean Gimpo Co., Ltd. |
Construction | 29.58 | 29.58 | Gimpo | ||||||||||
|
Postech Early Stage Fund (*1) |
Investment in new technologies | 10.00 | 10.00 | Pohang | ||||||||||
|
POSCO Energy Valley Fund |
Investment in new technologies | 20.00 | 20.00 | Pohang | ||||||||||
|
Pureun Tongyeong Enviro Co., Ltd. |
Sewerage treatment | 20.40 | 20.40 | Tongyeong | ||||||||||
|
Posgreen Co., Ltd. (*1) |
Lime and plaster manufacturing | 19.00 | 19.00 | Gwangyang | ||||||||||
|
Pohang E&E Co,. Ltd. |
Investment in waste energy | 30.00 | 30.00 | Pohang | ||||||||||
|
POSTECH Social Enterprise Fund (*1) |
Investment in new technologies | 9.17 | 9.17 | Seoul | ||||||||||
|
Applied Science Corp. |
Machinery manufacturing | 24.88 | 23.87 | Paju | ||||||||||
|
Noeul Green Energy (*1) |
Electricity generation | 10.00 | 10.00 | Seoul | ||||||||||
|
Pohang Techno Valley AMC |
Construction | 29.50 | 29.50 | Pohang | ||||||||||
|
New Songdo International City Development, LLC |
Real estate rental | 29.90 | 29.90 | Seoul | ||||||||||
|
Mokpo Deayang Industrial Corporation |
Real estate development and rental | 27.40 | 27.40 | Mokpo | ||||||||||
|
Clean Iksan Co., Ltd. |
Construction | 23.50 | 23.50 | Iksan | ||||||||||
|
Innovalley Co., Ltd. |
Real estate development | 28.77 | 28.77 | Yongin | ||||||||||
|
Pure Gimpo Co., Ltd. |
Construction | 28.79 | 28.79 | Seoul | ||||||||||
|
Garolim Tidal Power Plant Co.,Ltd |
Tidal power plant construction and management | 32.13 | 32.13 | Seosan | ||||||||||
|
2016 PoscoPlutus New Technology Investment Fund |
Investment in new technologies | 25.17 | 25.17 | Seoul | ||||||||||
|
Hyundai Invest Guggenheim CLO Private Special Asset Investment Trust II |
Investment in new technologies | 38.47 | 38.47 | Seoul | ||||||||||
|
PoscoPlutus Bio Fund (*1) |
Investment in new technologies | 11.97 | 11.97 | Seoul | ||||||||||
|
PoscoPlutus Project Fund (*1) |
Investment in new technologies | 11.91 | 11.91 | Seoul | ||||||||||
|
Posco Agrifood Export Investment Fund |
Investment in new technologies | 30.00 | 30.00 | Seoul | ||||||||||
|
PoscoPlutus Project II Investment Fund (*1) |
Investment in new technologies | 0.61 | 0.61 | Seoul | ||||||||||
|
Posco Culture Contents Fund |
Investment in new technologies | 31.67 | 31.67 | Seoul | ||||||||||
|
PCC Centroid 1st Fund (*4) |
Investment in new technologies | — | 24.10 | Seoul | ||||||||||
|
PCC Amberstone Private Equity Fund I (*1,4) |
Investment in new technologies | — | 9.71 | Seoul | ||||||||||
|
POSCO Advanced Technical Staff Fund (*1,4) |
Investment in new technologies | — | 15.87 | Seoul | ||||||||||
|
POSCO 4th Industrial Revolution Fund (*4) |
Investment in new technologies | — | 20.00 | Seoul | ||||||||||
|
METAPOLIS Co.,Ltd. (*6) |
Multiplex development | 40.05 | — | Hwaseong | ||||||||||
|
Universal Studios Resort Asset Management Corporation(*5) |
Real estate services | 26.17 | — | Seoul | ||||||||||
|
Busan-Gimhae Light Rail Transit Co., Ltd. (*5) |
Transporting | 25.00 | — | Gimhae | ||||||||||
|
[Foreign] |
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|
South-East Asia Gas Pipeline Company Ltd. |
Pipeline construction and management | 25.04 | 25.04 | Myanmar | ||||||||||
|
AES-VCM Mong Duong Power Company Limited |
Electricity generation | 30.00 | 30.00 | Vietnam | ||||||||||
|
7623704 Canada Inc. (*1) |
Investments management | 10.40 | 10.40 | Canada | ||||||||||
|
Eureka Moly LLC |
Raw material manufacturing and sales | 20.00 | 20.00 | USA | ||||||||||
|
AMCI (WA) PTY LTD |
Iron ore sales & mine development | 49.00 | 49.00 | Australia | ||||||||||
|
Nickel Mining Company SAS |
Raw material manufacturing and sales | 49.00 | 49.00 | |
New Caledonia |
|
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|
NCR LLC |
Coal sales | 29.41 | 29.41 | Canada | ||||||||||
|
KOREA LNG LTD. |
Gas production and sales | 20.00 | 20.00 | England | ||||||||||
|
PT. Batutua Tembaga Raya |
Raw material manufacturing and sales | 24.10 | 22.00 | Indonesia | ||||||||||
|
Zhongyue POSCO (Qinhuangdao) Tinplate Industrial Co., Ltd |
Tinplate manufacturing and sales | 34.00 | 34.00 | China | ||||||||||
|
PT. Wampu Electric Power |
Construction and civil engineering | 20.00 | 20.00 | Indonesia | ||||||||||
|
POSCO SeAH Steel Wire(Nantong) Co., Ltd. |
Steel processing and sales | 25.00 | 25.00 | China | ||||||||||
|
VSC POSCO Steel Corporation |
Steel processing and sales | 50.00 | 50.00 | Vietnam | ||||||||||
|
IMFA ALLOYS FINLEASE LTD |
Raw material manufacturing and sales | 24.00 | 24.00 | India | ||||||||||
|
General Medicines Company Ltd. |
Medicine manufacturing and sales | 33.00 | 33.00 | Sudan | ||||||||||
|
PT.INDONESIA POS CHEMTECH CHOSUN Ref |
Refractory manufacturing and sales | 30.19 | 30.19 | Indonesia | ||||||||||
|
POSK(Pinghu) Steel Processing Center Co., Ltd. |
Steel processing and sales | 20.00 | 20.00 | China | ||||||||||
|
SHANGHAI LANSHENG DAEWOO CORP. |
Trading | 49.00 | 49.00 | China | ||||||||||
|
POS-SEAHSTEELWIRE(TIANJIN)CO.,Ltd |
Steel processing and sales | 25.00 | 25.00 | China | ||||||||||
|
SHANGHAI WAIGAOQIAO FREE TRADE ZONE LANSHENG DAEWOO IN’L TRADING CO., LTD. |
Trading | 49.00 | 49.00 | China | ||||||||||
|
PT. Tanggamus Electric Power (*1) |
Construction and civil engineering | 17.50 | 17.50 | Indonesia | ||||||||||
|
NS-Thainox Auto Co., Ltd. |
Steel manufacturing and sales | 49.00 | 49.00 | Vietnam | ||||||||||
|
Hamparan Mulya |
Resource development | 45.00 | 45.00 | Indonesia | ||||||||||
|
Sebang Steel |
Scrap sales | 49.00 | 49.00 | Japan | ||||||||||
|
GLOBAL KOMSCO Daewoo LLC |
Cotton celluloid manufacturing and sales | 35.00 | 35.00 | Uzbekistan | ||||||||||
|
POSCO-Poggenamp Electrical Steel Pvt. Ltd. |
Steel manufacturing and sales | 26.00 | 26.00 | India | ||||||||||
|
KIRIN VIETNAM CO., LTD (*1) |
Panel manufacturing | 19.00 | 19.00 | Vietnam | ||||||||||
|
POSCHROME (PROPRIETARY) LIMITED |
Raw material manufacturing and sales | 50.00 | 50.00 | |
South Africa |
|
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|
CAML RESOURCES PTY LTD |
Raw material manufacturing and sales | 33.34 | 33.34 | Australia | ||||||||||
|
KG Power(M) SDN. BHD |
Energy & resource development | 20.00 | 20.00 | Malaysia | ||||||||||
|
LI3 ENERGY INC |
Energy & resource development | 26.06 | 26.06 | Peru | ||||||||||
|
LLP POSUK Titanium |
Titanium manufacturing and sales | 36.83 | 36.83 | Kazakhstan | ||||||||||
|
POS-SeAH Steel Wire (Thailand) Co., Ltd. |
Steel manufacturing and sales | 25.00 | 25.00 | Thailand | ||||||||||
|
Jupiter Mines Limited (*1) |
Energy & resource development | 17.08 | 17.06 | Australia | ||||||||||
|
KRAKATAU POS-CHEM
DONG-SUH |
Chemical by-product manufacturing and sales | 19.00 | 19.00 | Indonesia | ||||||||||
|
SAMHWAN VINA CO., LTD (*1,4) |
Steel manufacturing and sales | — | 19.00 | Vietnam | ||||||||||
|
JB CLARK HILLS (*4) |
Construction | — | 25.00 | Philippines | ||||||||||
|
Saudi-Korean Company for Maintenance Properties Management LLC (*1,4) |
Building management | — | 19.00 | Saudi Arabia |
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|
AN KHANH NEW CITY DEVELOPMENT |
Highway construction and new town development | 50.00 | — | Vietnam | ||||||||||
|
Fifth Combined Heat and Power Plant LLC (*5) |
Thermal power generation | 30.00 | — | Mongolia | ||||||||||
|
Chongqing CISL High Strength Cold Rolling |
Steel manufacturing and sales | 10.00 | — | China | ||||||||||
| (*1) | Considering the composition of board of directors, the Company is able to exercise significant influence even though the Company’s percentage of ownership is below 20%. |
| (*2) | On September 30, 2015, in order to improve its financial standing and normalize operation, the associates reached a workout agreement with its Creditor Financial Institutions Committee. As a result, the Company lost its control and classified its shares as investment in associate. |
| (*3) | Considering the composition of board of directors, the Company does not have control and classified its shares as investment in an associate, even though the Company’s percentage of ownership is over 50%. |
| (*4) | These associates were newly established or acquired in 2017. |
| (*5) | Excluded from associates due to the disposal of shares during the year ended December 31, 2017. |
| (*6) | Excluded from associates due to loss of significant influence during the year ended December 31, 2017. |