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POSCO Future M Reassesses China JV Strategy Amidst US Regulatory Headwinds

As legislative uncertainty looms in the United States, POSCO Future M is rethinking its joint venture approach with Chinese entities. Kim Joon-hyung, the President of POSCO Future M, laid out these recalibrated plans during a strategic presentation at the POSCO Center in Seoul's Gangnam district. Should the forthcoming US Inflation Reduction Act (IRA) designate China as a Foreign Entity of Concern (FEOC), the firm is contemplating either acquiring shares in existing collaborations with Huayou Cobalt and CNGR or going solo with alternative investments.

At the event, the company unfurled a renewed corporate vision geared towards 'adding value to. . .

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