In addition, the analyst said, the company has technologies in the areas of energy storage system and energy management system, as well as LED capabilities. "POSCO ICT is already producing LED devices for industrial and home use jointly with its affiliate POSCO LED. POSCO LED posted last year a sales revenue of 41.3 billion won and a net loss. But this year it is expected to record more than 70 billion won in sales revenue and a net profit," Park said.
"In overseas markets, POSCO ICT is increasing its sales through marketing channels provided by Daewoo International, a POSCO Group trading company. Given the high market potential in China, its overseas sales are expected to rise steadily for years to come," he added.
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