POSCO Holds 'Corporate Citizen Social Challenge'

[Asia Economy Reporter Hwang Yoon-joo] POSCO is launching a new type of "Corporate Citizen Social Challenge," themed "Creating a Better World Where People and the Environment Coexist and Co-prosper," by combining the capabilities of group companies and external experts.

The "Corporate Citizen Social Challenge" is a newly created contest specializing in the social economy sector, designed to actively participate in solving social issues through cooperation and solidarity with specialized companies pursuing social value as a member of the social community.

In line with the growing demand for a low-carbon and eco-friendly economy, POSCO Group has set the business idea contest categories to "Environment, Sustainable Cities, Production, and Consumption," utilizing the business capabilities and resources possessed by the POSCO Group, while also linking with the United Nations' Sustainable Development Goals (SDGs).

Applications and business proposals will be accepted through the POSCO website until November 12. The grand prize winner will receive up to 20 million KRW, and for the three final selected teams, if their business proposals are related to POSCO's operations, relevant POSCO group companies will be matched as supporters to help successfully commercialize the projects.

A POSCO official stated, "We hope this will be a good opportunity to create a better world where people and the environment coexist and co-prosper through the capabilities POSCO Group has in its core business and close cooperation and solidarity with external experts."

Meanwhile, since introducing the venture nurturing program "Idea Market Place" in 2011, POSCO has discovered 199 excellent venture companies up to last year and has taken the lead in building a venture ecosystem by directly investing 17.5 billion KRW in 102 companies.

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