Song Chi-young, President of Posco E&C: "All-Out Effort for Sinbanpo 19 and 25... We Will Keep Our Promises"

Letter from President Delivered to Association
Emphasizes Commitment to Fulfilling Business Conditions

Posco E&C announced on May 28 that it had delivered a letter under the name of its president to members of the Sinbanpo 19 and 25 Reconstruction Association, ahead of the general meeting to select the contractor for the reconstruction project.

The letter, titled "Promises to Be Kept in the Name of POSCO," expressed the company's commitment to responsibly fulfill the key business conditions previously proposed to members. These include: △ expediting design and administrative approvals, △ zero additional contributions, △ early provision of 200 million won in financial support, △ CD-1% financial benefits, and △ fixed post-sale and construction costs.

Letter sent by Song Chiyoung, President of POSCO E&C, to the Sinbanpo 19 and 25 Reconstruction Association in Seocho-gu, Seoul. Provided by POSCO E&C.

Song Chi-young, President of Posco E&C, stated, "POSCO has never shied away from responsibility, even in moments that seemed impossible, and has built today's trust by always keeping its promises to the end. Posco E&C approaches the Sinbanpo project with the same mindset."

He added, "The business conditions proposed by Posco E&C are not merely competitive tools, but the result of deep consideration and preparation for members' quality of life and future assets, encompassing everything from financial terms to Han River views, landscaping, community spaces, and unit design. Keeping our initial promises to the very end is the value Posco E&C considers most important."

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