POSCO Recommends Professor Son Sung-kyu of Yonsei University and Former LG Chem President Yoo Jin-nyung as Outside Directors

Professor Seongkyu Son, Yonsei University School of Business

[Asia Economy Reporter Jeong Dong-hoon] POSCO has recommended Professor Son Seong-gyu of Yonsei University Business School and former LG Chem President Yoo Jin-nyung as new outside directors.

According to POSCO on the 18th, the company made this decision at a board meeting held yesterday at the POSCO Center in Gangnam-gu, Seoul. Additionally, current outside director Park Hee-jae was re-nominated, and Yoo Byung-ok, head of the Eco-friendly Future Materials Team, was newly recommended as an inside director, while Jeon Jung-seon, head of the Management Strategy Team, and Jeong Chang-hwa, head of the Future Technology Research Institute, were re-nominated.

Outside director candidate Son Seong-gyu has served as president of the Korean Accounting Association, non-standing commissioner of the Securities and Futures Commission, and chairman of the Korea Exchange Disclosure Committee. He has also held outside director positions at more than ten companies and foundations, including KB Life Insurance. He is regarded as a figure with abundant theoretical knowledge in accounting as well as diverse experience and expertise in corporate accounting and auditing.

Outside director candidate Yoo Jin-nyung joined LG Chem as a researcher at the Polymer Research Institute and served as CTO (Chief Technology Officer) and head of the Technology Research Institute. He currently leads a consulting and startup education company and is recognized as an expert in new technology development, including secondary batteries and advanced materials.

Yoo Jin-nyung, former president of LG Chem

POSCO stated, "Candidate Son is expected to play a constructive role in enhancing the company’s financial soundness, and candidate Yoo is anticipated to significantly contribute to the company’s growth and sustainability with his broad insight."

Inside director candidate Yoo Byung-ok has served as head of POSCO’s Raw Materials Division, Management Strategy Office, Purchasing and Investment Headquarters, and Industrial Gas & Hydrogen Business Division, and was appointed head of the Eco-friendly Future Materials Team this year. The company explained that he will contribute to advancing POSCO Group’s new growth businesses such as hydrogen and secondary batteries.

Furthermore, POSCO recommended Vice Chairman Kim Hak-dong as a candidate for other non-executive director.

A company official said, "We plan to continue enhancing the synergy between the holding company and the steel business company by discussing the continuous growth and development of the steel business."

The POSCO board of directors will serve as the board of the POSCO holding company, which will be launched next month. The candidates recommended on this day are scheduled to be officially appointed at the shareholders’ meeting to be held on the 18th of next month.

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