"From Trading Company to Eco-Friendly Integrated Business Company" POSCO Inter's New Vision

Environmental and Global Values Realized Through Business
POSCO Group Leading Eco-Friendly Business
Expanding New Ventures Beyond Energy, Steel, and Food

POSCO International has unveiled a mid- to long-term growth strategy centered on the keyword "eco-friendly." The company encouraged its employees to move away from the traditional trading company business paradigm and aim to become a comprehensive business company capable of creating future value.

All employees of the company gathered on the 13th at the Songdo Convensia in Incheon to hold an event announcing the new vision. This was the first time all employees gathered since the integration with POSCO Energy, a former affiliate. In his congratulatory speech, Choi Jeong-woo, Chairman of POSCO Group, said, "Based on the new vision, POSCO International will create synergy beyond the merger," and added, "Please lead the group's eco-friendly businesses, including carbon neutrality, and evolve the group's globalization as the spearhead of overseas business."

At the POSCO International Vision Declaration Ceremony held on the 13th, Choi Jung-woo, Chairman of POSCO Group (fourth from the left), and Vice Chairman Jeong Tak (fifth from the left), among others, are posing for a commemorative photo.

Specifically, the company set a goal to increase its market capitalization from the current level of 3.8 trillion KRW to 23 trillion KRW by 2030. To achieve this, it plans to strengthen its portfolio across four business areas: eco-friendly energy, steel, food, and new businesses.

The core keyword emphasized is "green," meaning eco-friendly. The company aims to establish eco-friendliness as a fundamental value, solidify the value chains of its three main businesses, and create future new growth engines at the group level through new businesses.

Since joining POSCO Group in 2030, the company’s sales have tripled and operating profit has increased about sevenfold over the past decade. Despite this growth, the company views its corporate value as undervalued. At the time of group integration, the market capitalization was 3.5 trillion KRW, not much different from now. Vice Chairman Jeong Tak, who was appointed as the first CEO of the integrated corporation, sees overcoming the gap between the company’s actual value and market value as an immediate challenge.

Choi Jung-woo, Chairman of POSCO Group, is delivering a congratulatory speech at the POSCO International Vision Declaration Ceremony on the 13th.

To realize this, the company decided to develop the energy business as the group’s third growth engine. Following Myanmar and Australia, it plans to develop additional mining sites in Malaysia and Indonesia. The terminal business will be expanded more than fourfold by 2030, and a district energy business will also be promoted. In addition to the onshore wind power project in Sinan, new offshore wind power projects will be developed by 2027, and a carbon capture and storage (CCS) business linked to gas fields will be undertaken.

The steel sector will continue its eco-friendly policy. The sales volume of eco-friendly linked steel products, which was about 1.81 million tons last year, will be more than doubled to 3.9 million tons by 2030. The company will also enhance its procurement capabilities for eco-friendly steel raw materials and secondary battery materials. The eco-friendly mobility business will operate overseas factories established in North America, Europe, and China, aiming to establish a production and sales system for more than 7 million drive motor cores by 2030.

Jung Tak, Vice Chairman of POSCO International, is giving a presentation at the vision declaration ceremony on the 13th.

The food business aims to be among the global top 10 by strengthening supply chains in Australia, North America, and South America. The company also plans to invest in agricultural biotechnology fields such as precision agriculture and smart farms. In addition to the group’s seven major business areas, the company announced goals to achieve early commercialization in renewable energy, eco-friendly materials, and low-carbon sectors as part of discovering future growth engines. The company stated, "While solidifying its status as a specialized comprehensive business company in eco-friendly energy, it will also play a leading role in the increasingly important national energy and food security."

This content was produced with the assistance of AI translation services.