Irked over "exclusive" interviews being given to two TV channels resulting in a long delay in the start of press conference, the reporters protested with Posco's media managers IPAN and then walked out.
The fact that Posco chairman and CEO Lee Koo-Taek, who was to address the press conference, failed to turn up even after the protests, further enraged the journalists.
India's largest FDI deal signed
The PR managers faced howls of protest after they tried, though unsuccessfully, to drive a wedge through the press trying to lure some of them with offers of "exclusive interviews" with Lee.
Posco signed a MoU with the Orissa government on Wednesday for establishing a 12 million tonne integrated steel plant at Paradip with an investment of Rs 52,000 crore.