POSCO to Sell Stake in LNG Terminal

South Korean steelmaking giant, POSCO is considering selling off stakes in its LNG terminal in Gwangyang port located in the southern part of the country, industry sources told Yonhap News Agency Wednesday.

Sources told the news agency that stake sale will not involves giving up management rights of the terminal.

The terminal itself is estimated to be worth up to 900 billion won ($871.5 million), Yonhap reports.

The plan to sell stake in the terminal is part of the move by POSCO to reduce holdings in operations that are not directly related to its core business.