Kim Hak-dong, Vice Chairman of POSCO, "Facing Challenges Equivalent to Starting a Business... Low-Carbon Eco-Friendly Great Transformation"

POSCO 54th Anniversary Commemorative Address

[Asia Economy Reporter Oh Hyung-gil] Kim Hak-dong, Vice Chairman of POSCO, stated, "We will achieve a major transformation to a low-carbon, eco-friendly steelmaking process."

On the occasion of POSCO's 57th anniversary on the 1st, Vice Chairman Kim said in his commemorative speech, "Carbon neutrality is not only a moral imperative in response to the global climate crisis but also increasingly demanded by many customers, and advanced countries are using it as a weapon in trade and commerce."

He added, "The development of hydrogen reduction steelmaking technology and the transition to a low-carbon, eco-friendly steelmaking process is something we must achieve for our survival."

He continued, "Along with automation and mechanization of manual work, we must transform into a future-oriented advanced steel mill capable of controlling all steelmaking processes," emphasizing, "We must create an intelligent smart steel mill."

He stated, "Only by securing a super-gap competitiveness in productivity, cost, and quality can we maintain the status of the world's number one steel mill," and added, "Let us focus our capabilities to successfully promote 'Smart Factory 2.0' and complete a digital twin steel mill connected to the entire company's supply chain."

Vice Chairman Kim also proposed that POSCO must become a steel company with top-tier product competitiveness.

He said, "We must become a steel company with a truly top-tier product portfolio by proactively responding to the increasing eco-friendly demands of customers and expanding the development of products and eco-friendly transition solutions that can lead the high value-added market," adding, "We need to strengthen the position of the three strategic brands?New Mobility, Premium Steel Materials, and Eco-friendly Energy?and focus on advancing marketing strategies that flexibly respond to the deteriorating trade environment."

Vice Chairman Kim also addressed the employees, saying, "This year is a historic year as POSCO has newly launched as a steel business company along with the transition to a holding company," and pointed out, "Steel company POSCO is facing new challenges comparable to the startup level."

He continued, "Behind POSCO's past success was the unique POSCO spirit of love for the company, passion, and a challenging spirit, and there was cohesion where labor and management became one in any difficult situation," urging, "Let us create POSCO's own vibrant organizational culture based on the '3S' of Soft, Skill, and Smart."

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