POSCO Decides to Split into POSCO Holdings and POSCO... Transition to Holding Company System
[Asia Economy Reporter Minwoo Lee] POSCO announced on the 10th that it has decided to split into a holding company, POSCO Holdings (tentative name), and an operating company, POSCO.
POSCO Holdings will serve as the holding company responsible for developing future business portfolios and managing group businesses, while POSCO will handle steel production and sales.
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This is a simple physical split in which POSCO Holdings will own 100% of the existing POSCO's issued shares. POSCO Holdings will remain a listed company, and POSCO will become an unlisted company. The split date is March 1 of next year.
This content was produced with the assistance of AI translation services.
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