Posco nets $168m from Hyundai Heavy clean-up

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Posco nets $168m from Hyundai Heavy clean-up

Jonathan Breen
June 20, 2017 08:30 AM
korea dance px230
Members of Korea's B-boy band performs the Samulnori dance at the occasion of the 2nd Korea- Arab Friendship Express Caravan, in Amman, Jordan, Sunday, Oct. 18, 2009. (AP Photo/Nader Daoud) | Nader Daoud/AP/Press Association Images

South Korea’s Posco this week offloaded its entire stake in shipbuilder Hyundai Heavy Industries, raising W190.9bn ($167.9m) on the back of a booming stock price.

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Jonathan Breen
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