POSCO is a South Korean steel-making company. The company manufactures and sells various steel products. POSCO also engages in construction, export and import of steel products and raw materials, production of energy and other activities. The company was formerly known as Pohang Iron and Steel Co., Ltd. and changed its name to POSCO in 2002. POSCO was founded in 1968 and is headquartered in Pohang, South Korea.