[Special Stock] POSCO Inter aims for 6x market cap... "Evolving into an eco-friendly comprehensive business that the era demands"

POSCO International is showing strong performance. The news that it has set a goal to increase its market capitalization from the current level of approximately 3.8 trillion KRW to 23 trillion KRW by 2030 appears to be influencing its stock price.

As of 9:48 AM on the 14th, POSCO International is trading at 25,200 KRW, up 13.26% from the previous day.

On the previous day, POSCO International held an event at Songdo Convensia in Incheon to announce a new vision. This was the first time all employees gathered since the integration with its affiliate POSCO Energy. Choi Jeong-woo, Chairman of POSCO Group, said in his congratulatory speech, "Based on the new vision, POSCO International will create synergies beyond the merger," adding, "Please lead the group’s eco-friendly businesses, including carbon neutrality, and evolve the group’s globalization as the spearhead of overseas operations."

Since joining POSCO Group over the past decade, sales have tripled and operating profit has increased about sevenfold. Despite this growth, the company believes its corporate value has been undervalued. At the time of group integration, the market capitalization was 3.5 trillion KRW, which is not much different from the current level. Vice Chairman Jeong Tak, who was appointed as the first CEO of the integrated corporation, sees overcoming the gap between the company’s actual value and market value as an immediate challenge.

They plan to increase sales of eco-friendly linked steel products from 1.81 million tons last year to 3.9 million tons by 2030, and also expand sales of steel materials for secondary batteries and green energy. Additionally, by operating overseas factories established in North America, Europe, and China, they aim to build a global production and sales system for more than 7 million drive motor cores by 2030.

Yoo Jae-sun, a researcher at Hana Securities, explained, "As a solution to overcome the gap between actual value and market value, the company is pursuing evolution into a comprehensive business company centered on eco-friendly values," adding, "In the energy sector, they plan to strengthen the value chain by securing additional gas fields and expanding terminal businesses, as well as expanding into renewable energy and hydrogen."

He continued, "In materials, they plan to change the product mix for green energy, expand procurement of secondary battery materials, and increase production capacity for eco-friendly vehicle parts," and predicted, "They will also focus on strengthening the food business and discovering new eco-friendly businesses."

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