BANKING GENERAL KNOWLEDGE
Question
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POSCO is in the process of establishing its plants in India. What does the letter ‘P’ denote in the name POSCO?
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Popular
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Pallin
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Pohang
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Paradeep
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Explanation:
Detailed explanation-1: -POSCO (formerly Pohang Iron and Steel Company) is a South Korean steel-making company headquartered in Pohang, South Korea.
Detailed explanation-2: -History. POSCO signed a Memorandum of Understanding (MoU) in June 2005, to incorporate an Indian subsidiary and build a steel plant in Odisha. Posco India was incorporated by POSCO in August 2005 with the Registrar of Companies, Odisha, under India’s Companies Act 1956.
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