POSCO Terminal Changes Name to 'POSCO Flow' and Promotes Logistics Integration
[Asia Economy Reporter Moon Chaeseok] POSCO Terminal will change its name to 'POSCO FLOW' starting from the 1st of next month.
POSCO Terminal announced on the 31st that it held a briefing session on the new name and vision, inviting employees and major customers within the group. Earlier, at an extraordinary general meeting of shareholders on the 29th, it was decided to change the company name to 'POSCO FLOW'.
POSCO Terminal was reborn on January 3rd as a company responsible for integrated logistics operations within the POSCO Group. The company judged that the existing name could not adequately reflect the purpose and direction of the business, and thus adopted the new name POSCO FLOW.
POSCO FLOW embodies the meaning of "a company that creates a new flow in the logistics industry through symbiotic activities as an eco-friendly, smart logistics company." It reflects not only the movement of cargo but also the nature of logistics where numerous pieces of information flow, as well as the company's future scalability. Along with this, POSCO FLOW also changed the company's vision, mission, and slogan.
Kim Kwangsoo, CEO of POSCO FLOW, stated, "With this name change, we will establish our identity as POSCO Group's logistics specialist company and rise as a leading eco-friendly and smart logistics company in Korea," adding, "Furthermore, we will contribute to the development of the Korean logistics industry and create a company that leads a new flow in logistics by connecting sustainable new values."
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Meanwhile, POSCO FLOW, formerly known as POSCO Terminal, was established in 2003 and has contributed to the development of national key industries by supporting competitive transportation of raw coal and limestone to small and medium-sized customers such as combined heat and power plants and cement companies in the CTS business sector.
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