POSCO, Achievements in Family and Childbirth-Friendly Policies... Seeking Corporate-Level Solutions to Low Birthrate

'Corporate Citizenship and ESG Learning Lab' Held at Pohang Headquarters on the 10th
Employees from Corporate Citizenship, HR, and Labor Departments of 24 Group Subsidiaries Attend
"Positive Impact on Job Satisfaction and Work Engagement"

POSCO announced on the 14th that it held a Corporate Citizenship·ESG Learning Lab on the theme of in-house family and childbirth-friendly systems at its Pohang headquarters on the 10th.

Since February last year, POSCO has been hosting Corporate Citizenship·ESG Learning Labs where group executives and employees from various fields such as social contribution, carbon neutrality, and human resources listen to expert lectures and engage in dialogue and discussions to identify management improvement points and develop insights.

At the event, which gathered executives and employees from the corporate citizenship, HR, and labor sectors of 24 POSCO Group companies, Professor Cho Young-tae from Seoul National University’s Population Policy Research Center gave a lecture. Professor Cho presented the research results from the past seven months on POSCO and its partners’ family and childbirth-friendly systems and their achievements.

The research team analyzed that POSCO’s family and childbirth-friendly systems have a positive impact on employee job satisfaction and work engagement. Based on this, POSCO Group plans to review support measures so that systems such as childcare-period telecommuting without career interruption can be introduced in other group companies as well.

POSCO held the 'Corporate Citizen·ESG Learning Lab' at its Pohang headquarters on the 10th. Professor Cho Young-tae from Seoul National University is giving a lecture on family- and childbirth-friendly policies within the company to POSCO Group's corporate citizen, HR, and labor employees.
[Photo by POSCO]

Professor Cho said, “Since POSCO declared corporate citizenship as its management philosophy in 2018, it has selected low birthrate as one of the representative social issues that companies must address as members of the social community. The in-house welfare system has been progressively improved, and there have been considerable efforts and achievements, including participation in the formation of social discourse.”

POSCO introduced employee child care support work types such as telecommuting during childcare periods without career interruption in 2020, and in 2022, it established new systems supporting employees’ marriage and childbirth, including a honeymoon support fund of 2 million KRW and a baby’s first meeting gift worth 500,000 KRW.

It also opened a win-win type joint workplace daycare center available to partner company employees. A fund was created to provide full scholarships for children of partner company employees from kindergarten through university.

POSCO's lifecycle-based in-house family and childbirth-friendly system [Image source=POSCO]

As part of 'Life With POSCO,' one of the five major corporate citizenship brands, POSCO held low birthrate policy symposiums in 2019 and 2020 and signed a mutual cooperation MOU with the Ministry of Health and Welfare in 2021 for future generation population education projects.

In April last year, POSCO actively engaged in forming social discourse on population issues by participating in national strategy seminars on low birthrate and aging in Korea, hosted by the Korea Economic Research Institute, HanmiGlobal, Seoul National University, and SK.

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