POSCO is a Korea-based company engaged in the manufacture and distribution of steel products. Along with its subsidiaries, the Company operates in steel business, engaged in the manufacture of hot rolled steels, steel plates, wire rods, cold rolled steels, galvanized steels, electrical galvanized steels, stainless steels, titanium products, magnesium products and others; trading business, engaged in the trading of steel products, chemical products, automobile parts and others; construction business, mainly engaged in the construction of commercial and residential buildings, and other business, engaged in the operation of power plants, and distribution of electricity. On December 31, 2013, it acquired 70% shares of PT. KRAKATAU POSCO (Indonesia).