January 17
POSPIA enterprise portal officially launched Korea’s first web-based enterprise portal allows our people to handle virtually every work activity from their homepage. The portal has increased POSPIA utilization rates from 76% to 95% and productivity by 10% to 30%.

January 21
Automotive Steel Application Center opens This KRW 24.3 billion center at Gwangyang enables us to work more closely with our automaking clients as we develop new automotive steel manufacturing techniques such as tailor-welding and hydroforming.

March 15
New leadership takes over President Ku-Taek Lee assumes POSCO’s helm as chairman and CEO, capping a career with the company that began back in 1969. Vice-President Chang-Oh Kang becomes president at the same time following board approval.

April 3
Tailor-welded blank plant commissioned Capable of producing 1.7 million blanks annually, this Gwangyang plant marks a major boost for our value-added automotive steel lineup. A second phase will raise capacity to 3.6 million blanks by the end of 2004.

May 2
Knowledge management system launched This new central repository of group intelligence and institutional memory consolidates knowledge that was formerly distributed across 36 independent systems, handling upwards of 250,000 searches a day.

May 29
FINEX demo plant commissioned Now in the final stages of commercialization, this new eco-friendly ironmaking process represents the future of ironmaking and our dedication to sustainable development.