POSCO became the first company in Korea to receive an AA grade for the 4th consecutive time in the ‘Compliance Program.’  POSCO, since having acquired an AA grade in the ‘Compliance Program,’ which was first started in 2006 by the Fair Trade Commission, has successfully maintained the highest AA grade in the re-evaluation every two years for 7 years. 

Especially in this year’s evaluation, 7 Family companies including POSCO CHEMTECH, POSCO Specialty Steel, POSCO C&C, POSCO PLANTECH, POSMATE, POSCO M-TECH, and POSCO A&C also received A grades, officially being recognized for settling in a fair trade culture in investing companies as well.  According to evaluation results, POSCO as well as the 7 investing companies are given the benefit of reduced surcharges and exemption from official authority investigations for a certain period of time by the Fair Trade Commission. 

POSCO and POSCO Family companies plan to continue hosting fair trade academies, internal and external specialty education, and promote self-investigation on fair trade, so that the fair trade culture can settle in within the corporate culture more proactively and secure an image of a model fair trade company.

 LATE STEEL MAGNATE PARK TAE-JOON - POSCO held a ceremony to commemorate the first anniversary of the death of the Late steel magnate and Honorary Chairman Park Tae-joon  at the Seoul National Cemetery and POSCO Center in Seoul on Nov. 13. Among roughly 500 people on hand at the events were the late Park’s bereaved family members, POSCO Chairman Chung Joon-yang, other executives and staff members as well as National Assembly Speaker Kang Chang-hee and notables from various walks of life.

POSCO Chairman Chung and Speaker Kang each delivered his commemorative speech at the ceremony at the Seoul National Cemetery before footages featuring Park’s image and voices before his death were on display. Prof. Kang Moo-lim, of Yonsei University Vocal Music Department, who respected the steel magnate, sang memorial songs in his honor.  Chung said in hi speech,“The memories of you and your spirit are enshrined in the hearts of those who remain. We should solidify our standing as the world’s best steelmaker by rearming ourselves with the spirit of POSCO founder Park Tae-joon and overcoming today’s crisis and challenges with innovation and creativity.”

Following the memorial ceremony, a relievo containing the picture of the late Park and his quotations was unveiled at POSCO Center, and a ceremony to celebrate the publication of a book commemorating the late Park’s life took place. The book with an in-depth look at his thoughts and life was co-authored by five people, including Yonsei University Emeritus Prof. Song Bok.