President Moon Jae-in (center) poses with POSCO Executive Vice President Jung Tak (right) after he presented Jung with the $10 Bln Export Tower Prize at an awards ceremony as part of the 54th Trade Day anniversary event in the COEX in Samseong-dong, Seoul, on Dec. 5.

POSCO Chairman Kwon Oh-joon. (Photos: POSCO)

The coveted $10 billion export tower award went to POSCO, who logged exports worth more than 10 billion won this year.

POSCO was one of 1,153 trade prize winners at an awards ceremony as part of the 54th Trade Day anniversary event in the COEX in Samseong-dong, Seoul, on Dec. 5. 

POSCO, established in 1968, is a global steelmaker that not only contributes to the development of the national economy by ensuring a stable supply of steel products produced from Pohang and Gwangyang steelworks, but also export them to several countries around the world. 

POSCO rose to the No. 1 position in the world in terms of raw steel production in 1998 through continuous plant equipment efficiency and productivity improvements. POSCO, privatized in 2000, established an integrated digital system by reestablishing all work processes ranging from procurement to production and marketing through process innovation in 2001. 

Furthermore, POSCO has developed PosFram, a smart factory platform reflecting the world’s first continuous steel production process, to lead the advent of the 4th Industrial Revolution. 

POSCO continues to endeavor to produce and supply top quality steel products in the most economical fashion by realizing optimal steel production through the employing of the expertise the steelmaker has accumulated for 50 years and the latest technologies, including IoT, big data and AT.

POSCO, which established USS-POSCO Industries in 1986, its first overseas production operation, now has production operations in seven countries and fabrication centers in 13 countries. 

The steelmaker exports steel products worth more than $10 billion around the world based on diverse services. 

POSCO continues to develop future-forward and innovative steel products and utilization technologies like the “GIGA STEEL,” which is stronger and lighter than the conventional steel product, to brace fast changing business environment and global trends, and its high manganese steel, independently developed for the first time in the world.

The steelmaker is carrying out diverse activities as a total solution provider, offering consulting services on steel product utilization technologies, financial support and management consulting services to promote shared growth with customers. 

POSCO has been selected as the No. 1 steelmaker with a competitive edge in the world by the steel analysis institution World Steel Dynamics (WSD) for the eighth consecutive year through the selling of value-added products based on solutions, steadfast unit price reduction efforts, and the implementation of innovative projects. 

The steelmaker has made it onto the list of excellent companies in evaluations of Dow Jones Sustainability Indices for the 13th consecutive year, becoming the Korean company to be listed for the longest period.  

POSCO has become the sole steelmaker in the world to make it onto the list of top 100 companies for global sustainable management by the Davos Forum for the third consecutive year.