POSCO Holdings held POSCO Group’s technology strategy meeting designed to secure super-gap technology competitiveness, under the supervision of POSCO Group Chmn. Chang In-hwa at POSCO Center, Seoul, on March 27.
Chmn. Chang said, “The core of POSCO Group’s competitiveness comes from technology excellence.”
He called for making POSCO a world-class material company by overcoming outside and inside crises by addressing each business’s conundrums with super-gap technologies.
Chmn. Chang asked for the company to secure a technology upper hand by establishing the “Corporate R&D Regime,” in which R&D organizations have synergetic effects, with the holding company taking the lead.
Technology development processes connecting business strategies are being set up, as well as spearheading the future market.
The company will do so by securing the intrinsic competitiveness of the group’s core businesses through the operation of super-gap group innovation tasks for future markets from a long-term perspective.
He stressed the maximizing of effects stemming from AI’s proper application of office work and R&D.
Among those on hand at the meeting were Chmn. Chang, CEOs of major business companies, Lee Joo-tae, head of the Future Strategy Division, Cheon Sung-rae, head of the Business Synergy Division, and President Kim Ki-soo of the Future Technology Research Institute.
They shared technology strategies, including those for steel, energy materials and next-generation core materials, and discussed ways of successfully executing strategies.
POSCO Holdings has 57th General Meeting of Shareholders
POSCO Holdings held its 57th General Meeting of Shareholders at the POSCO Center in Seoul on March 20 and passed major agenda items.
POSCO Holdings livestreamed the general meeting of shareholders online to promote communication with investors, and for the first time this year, provided simultaneous interpretation in English for overseas investors.
“Despite current crises, such as an oversupply of steel and the chasm in the electric vehicle market, POSCO Group has focused its strengths on its core business areas, including rebuilding the steel business and securing the competitiveness of the energy materials business, under the new management vision of ‘Materials That Open the Future, Innovation for World-Class Excellence’,” said Chairman Chang in his address at the event.
“POSCO Group will strengthen the intrinsic competitiveness of its core business by improving the robustness and efficiency of steel facilities, creating results from overseas growth investments, and proactively securing high-quality lithium resources, thereby building a long-term growth structure, generating solid profits, and improving capital efficiency through continuous restructuring to enhance management performance and shareholder value.“
“We will develop unique ‘super gap’ technology to secure the absolute technological advantage, which is the core of POSCO group’s competitiveness, and stabilize our operation sites with safety as the top priority,” he said.
During the meeting, POSCO Holdings passed the agenda for the appointment of inside and outside directors. Yoo Jin-nyeong, CEO of Angel Six Plus, and Son Sung-gyu, honorary professor at Yonsei university, were re-elected as outside directors, and Lee Joo-tae head of future strategy division, and Cheon Sung-rae head of business synergy division, were elected as new Inside directors, and Kim Ki-soo Head of POSCO N.EX.T Hub (Group CTO), was re-elected as inside director.
At the POSCO Holdings board meeting held after the shareholders’ meeting, outside director Kwon Tae-kyun was elected as the chairman of the board.
Kwon is a financial and investment expert who has served as the director of the trade and investment office of the ministry of knowledge economy, the head of the public procurement service, and the ambassador to the United Arab Emirates.
The board also elected Lee Joo-tae, head of future strategy division, as the CEO and President.
Lee Joo-tae, head of the future strategy division (CEO and President), is a strategy expert who is expected to contribute to strengthening the group’s future growth engines and enhancing the competitiveness of its core business areas, while Cheon Sung-rae, head of the business synergy division, is expected to play a major role in maximizing the Group’s business synergies based on his experience in marketing, overseas business investment, and business management.
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