POSCO Chairman Jang Inhwa: "We Will Make 2026 an Inflection Point for Delivering Results"

"2 Core" Strategy Focusing on Steel and Secondary Battery Materials Takes Center Stage at Annual Shareholders' Meeting on March 24

"We will make 2026 a true inflection point that generates tangible results."

Jang Inhwa, Chairman of POSCO Group, is presiding over the 58th regular shareholders' meeting of POSCO Holdings. Photo by POSCO

Jang Inhwa, Chairman of POSCO Group, stated this at the 58th Annual General Meeting of Shareholders of POSCO Holdings held at POSCO Center in Seoul on March 24, signaling the company’s intention to begin delivering significant results through its “2 Core” strategy focused on steel and secondary battery materials.

Chairman Jang assessed, "Last year, despite difficult external conditions such as the spread of global protectionism and an industrial downturn, we established a growth foundation centered on steel and secondary battery materials."

He then identified the following as key tasks for this year: securing profitability through steel joint ventures centered in North America and India; realizing visible investment returns in secondary battery materials through the commencement of commercial lithium production in Argentina and profit contribution from the Australian lithium mine; and expanding the value chain in infrastructure businesses such as energy and food.

Chairman Jang also emphasized, "Safety is a prerequisite for growth," stressing the need to establish a safety culture centered on workers and to create a safe and efficient business environment through the integration of AI and robotics.

On this day, POSCO Holdings convened both the General Meeting of Shareholders and the Board of Directors, where major agenda items were approved. All motions regarding the appointment of internal and external directors were passed at the shareholders’ meeting. Kim Jooyeon, former Vice President of P&G Japan and Korea, was appointed as the new outside director, while Kim Joongki, whose term as outside director had expired, was reappointed as a member of the Audit Committee.

Jung Seokmo, Head of Business Synergy Division, was newly appointed as an internal director, while Lee Jutae, Head of Future Strategy Division, and Kim Gisoo, President of the Future Technology Research Institute, were reappointed. Lee Heegeun, CEO of POSCO, was appointed as a non-executive director.

At the Board of Directors meeting held after the General Meeting of Shareholders, Yoo Jinnyoung, an outside director, was appointed as Chairman of the Board. Chairman Yoo is an expert in the secondary battery and advanced materials fields, having previously served as Chief Technology Officer at LG Chem.

In addition, POSCO Holdings received approval for its 2025 financial statements, partial amendments to the articles of incorporation, and the limit on directors’ compensation. The company also confirmed an annual dividend of 10,000 won per share, including a year-end dividend of 2,500 won per share.

Furthermore, approval was granted for the cancellation of approximately 635.1 billion won worth of treasury shares, equivalent to 2% of total issued shares, thereby implementing the plan announced in July 2024 to cancel a total of 6% of treasury shares over three years.

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