POSCO

By producing steel, often considered the ‘bread and butter’ of all industries, POSCO helped Korea’s manufacturing industry to grow with remarkable speed, thereby serving as the backbone of national economic development.

Additionally, POSCO is globally recognized as a steelmaking leader, as evidenced by being named the ‘World’s Most Competitive Steelmaker,’ a title given by World Steel Dynamics (WSD) that we have held for 15 consecutive years.

Currently, the global steel industry is experiencing a severe downturn in the market; however, POSCO has the inherent genetics predisposed to battle and overcome crises and to galvanize further growth. Come what may, we shall implement the following strategies to put our best-in-class competencies into action.

First, safety is our top priority. With the firm belief that every accident can be prevented, we commit to engaging in pragmatic safety promotion activities. We will practice a self-monitored safety program that discovers and addresses potential hazards before work begins. During work, safety is consistently managed by reinforcing the Check & Feedback activity.

Second, we will take our lead in the steelmaking operation that brought us here and stay ahead in the global market by rallying together to generate greater profits. As a means to address oversupply and dampened growth in the steel market, we will improve cost, advance technology, and offer unparalleled quality to defy competition. This is how we will build the formidable foundation of Korea’s manufacturing industry to remain unvanquished in the years to come.

Third, to demonstrate our technological prowess, we will build on our original competence of steelmaking and differentiate POSCO from other industry contenders. To do so, smart technologies will be adopted to speed up the transition to the AI-powered Intelligent Factory. We will develop market-leading products, and our marketing activities will formulate agile responses to changing internal and external business environments. By exercising these commitments, we will build the future proficiencies that will qualify POSCO as a centennial company.

Fourth, we will create a culture that collaborates to seek mutual growth. Therefore, we intend to engage in communication with our customers, suppliers, partners, and local communities with a spirit of care and respect. Through the work they perform, employees will experience a sense of achievement; when the business and its staff can develop together, we can build a workplace of fulfillment.

With a work culture focused on executing to deliver substance with work boots on the ground, we look forward to your steadfast support and attention to POSCO’s next exciting journey.