Major Korean company signs R&D agreement with Israel

October 17, 2010 21:29


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

Korean steel giant POSCO (Pohang Iron and Steel Company) agreed to participate in a joint Israei-Korean industrial R&D program on Sunday.

Chief scientist at the Industry, Trade and Labor Ministry Dr. Eli Opper on Sunday signed a R&D cooperation agreement with POSCO CEO Chang Jeon-Yong that will facilitate the company's investment in R&D projects in Israel.

POSCO is the first Korean as well as first East Asian company to participate in a joint R&D agreement under the auspices of the Industrial Cooperation Authority of the Industry, Trade and Labor Ministry. Eighteen other international corporations already participate ICA administered R&D programs, including Abbott Laboratories, Intel, Oracle, IBM, General Electric, Microsoft, Deutsche Telecom, Merck, HP, and others.

POSCO, the world's second largest steel producer by market value was founded in 1968 as part of a joint government-private sector initiative by the South Korean government to help build a domestic steel industry in Korea to fulfill the supply finished steel to country's developing shipping and automotive industries. The company reported $33 billion in global sales in the last fiscal year.

Related Content

Breaking news
July 23, 2018
Gunman dead after shooting 9, including girl, in Toronto