The Korea Times op-ed warns that the billion-real liability left by POSCO in Ceará casts a shadow over the strategic partnership between South Korea and Brazil amid the renewal of diplomatic ties.
Official broadcast of the joint hearing of Brazilian Chamber of Deputies committees on the construction of the Pecém Steel Company (CSP) in Ceará and the liabilities left by POSCO Engineering & Construction Brasil.
Brazilian Chamber of Deputies committees debate POSCO Engineering & Construction Brasil's self-declared bankruptcy and the liabilities of up to R$ 1 billion left at the Pecém Steel Company project, amid allegations of fund transfers abroad and underreported tax debts.
Painel column reveals that Itamaraty has contacted the South Korean ambassador, requesting a solution for the multi-billion hole left by POSCO in Brazil.
Conjur analyzes the understanding that the self-bankruptcy request does not prevent the disregard of legal personality to reach the controlling company.
JOTA reports on a judicial decision that recognizes abuse and includes the Korean parent company POSCO in the bankruptcy filing of the Brazilian subsidiary.
G1 details how POSCO Engineering filed for bankruptcy in Ceará, declaring a cash balance of R$109.00, with billions in liabilities to Brazilian companies.
UOL column reveals that POSCO's Brazilian subsidiary declared only R$1.09 in cash when filing for bankruptcy, leaving Ceará creditors with billions in losses.