Posco. (Panorama: Venezuela).

POSCO POSCO Pohang Iron & Steel Co, Ltd , a South Korean Korean, language of uncertain ancestry. It is thought by some scholars to be akin to Japanese, by others to be a member of the Altaic subfamily of the Ural-Altaic family of languages (see Uralic and Altaic languages), and by still others to be unrelated to any known steel maker, closed its Venezuelan unit Posven after suffering US$178 million in losses. Political instability instability /in·sta·bil·i·ty/ (-stah-bil´i-te) lack of steadiness or stability.

detrusor instability in Venezuela and the depreciation of the bolivar influenced the move.

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Title Annotation:	closes Venezuelan plant, Posven
Publication:	Latin Trade
Article Type:	Brief Article
Geographic Code:	3VENE
Date:	Mar 1, 2003
Words:	31
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Next Article:	The Andean Development Corporation. (Panorama: Venezuela).(partially finances Caruachi hydroelectric plant)(Brief Article)
Topics:	Plant shutdowns Steel industry Buildings and facilities Steel mills Buildings and facilities Steel-works Buildings and facilities

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