[Photo] POSCO Transitions to Holding Company Structure After 54 Years, Launch Ceremony Site

On the 2nd, at the POSCO Center in Daechi-dong, Gangnam-gu, Seoul, Choi Jeong-woo, chairman of POSCO Group, is waving the company flag at the POSCO Holdings launch ceremony.

On the 2nd, POSCO held the launch ceremony of POSCO Holdings at the POSCO Center in Daechi-dong, Gangnam-gu, Seoul. Choi Jeong-woo, Chairman of POSCO, stated, "This will be the first step in transforming POSCO Group into a sustainable 100-year company, surpassing the myth of success we have achieved over the past half-century." He added, "The holding company must pursue flexibility that meets the demands of the times from a group-wide perspective, while the business companies must maintain their professional expertise to sustain competitive advantages in their respective fields."

As Chairman Choi emphasized a 'second founding,' the scope of future changes is expected to be rapid and significant. POSCO Group presented a blueprint to strengthen the competitiveness of its business companies centered on POSCO Holdings and to discover future growth businesses, aiming to become a leading eco-friendly future materials company. He stated, "POSCO Holdings must dramatically enhance the value of POSCO Group through 'real value' management." The 'real value' mentioned by Chairman Choi refers to the total sum of all values created through corporate activities, encompassing economic, environmental, and social values provided to members of the social community as part of society.

On the 2nd, the POSCO Holdings inauguration ceremony was held at the POSCO Center in Daechi-dong, Gangnam-gu, Seoul. From the left, fifth is Choi Jeong-woo, Chairman of POSCO Group, and on the right is Kim Hak-dong, Vice Chairman of POSCO. Yoo Byung-ok, Head of the Eco-friendly Future Materials Team at POSCO Holdings; Min Kyung-jun, President of POSCO Chemical; Joo Si-bo, President of POSCO International; Jeon Jung-seon, Head of the Management Strategy Team at POSCO Holdings; Choi Jeong-woo, Chairman of POSCO Group; Kim Hak-dong, Vice Chairman of POSCO; Jeong Tak, Head of POSCO Marketing Headquarters; Jeong Chang-hwa, Director of the Future Technology Research Institute at POSCO Holdings; Han Sung-hee, President of POSCO Construction; Jeong Ki-seop, President of POSCO Energy.

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