POSCO Holdings Holds First 'Future Technology Strategy Meeting'... Discusses Growth Business Roadmap

First Meeting with Over 20 Executives Attending

Choi Jung-woo Emphasizes Securing New Technologies for Hydrogen and Secondary Battery Materials
"We Must Become a Global Top Tier in the Long Term"

Choi Jung-woo, Chairman of POSCO. (Photo by POSCO Holdings)

[Asia Economy Reporter Moon Chaeseok] “The new business areas of the POSCO Group, hydrogen and secondary battery materials, must accelerate investment and focus on securing new technologies to become a global top-tier player in the long term.”

Choi Jeong-woo, Chairman of the POSCO Group, reviewed the group’s material technology and technology development strategies with key executives. At the meeting, he emphasized the need to take the lead in developing low-carbon, eco-friendly process technologies such as hydrogen reduction steelmaking technology.

On the 2nd, POSCO Holdings held a ‘Future Technology Strategy Meeting’ attended by about 20 key executives including Chairman Choi and Vice Chairman Kim Hak-dong of POSCO. This was the first Future Technology Strategy Meeting since the launch of the holdings company.

At the meeting, Chairman Choi said, “Steel with zero carbon dioxide emissions, along with secondary battery materials and hydrogen, is an eco-friendly future material that will lead the group,” and urged that “the group must lead the development of low-carbon, eco-friendly process technologies such as hydrogen reduction steelmaking technology.”

During the meeting, presentations and discussions were held on topics including ▲Artificial Intelligence (AI) platform ▲Eco-friendly future materials ▲Green steel ▲Venture investment and industry-academia-research cooperation status by research field at the Future Research Institute.

In the ‘Artificial Intelligence Platform’ session, discussions focused on the technology development roadmap for improving productivity in general office tasks such as production sites, raw material price and material purchasing forecasts, research and development, creating a safe working environment specialized for manufacturing and equipment businesses, and increasing energy efficiency. In the ‘Eco-friendly Future Materials’ session, the group considered growth strategies amid intensifying competition among battery companies, diversification of the secondary battery materials portfolio from general-purpose to high-performance products, securing super-gap technologies, developing eco-friendly production technologies, and discussed strategies for hydrogen and low-carbon fields including low- and high-temperature hydrogen electrolysis, ammonia hydrogen extraction, carbon capture, internalization of strategic technologies, and strengthening mid- to long-term core competencies.

In the ‘Green Steel’ session, the importance of carbon-neutral technologies as key technologies determining the success of future steel business was reiterated, followed by presentations and discussions on low-carbon operation technologies, a phased roadmap for hydrogen reduction steelmaking technology development, and plans to secure global technology leadership. The ‘Venture Investment and Industry-Academia-Research Cooperation by Research Field at the Future Research Institute’ session discussed ways to secure core talent and enhance research and development (R&D) competitiveness through discovering excellent ventures and strengthening industry-academia-research cooperation.

The POSCO Group decided to hold the Future Technology Strategy Meeting, which was held for the first time, twice a year on a semiannual basis. The group plans to review strategic directions and focus all efforts on developing eco-friendly future technologies based on the discussions. A POSCO Holdings official said, “We will invest about 2.7 trillion won in venture investment and research and development to discover future businesses and secure new technologies, and lay the foundation for business success through talent development in each field and recruitment of external experts.”

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