We operate various communication channels to foster a horizontal and creative organizational culture, where executives and employees, as well as different levels, communicate and harmonize based on trust to create greater value.

The Young Board enhances communication between top management and employees selected through internal recruitment, focusing on organizational culture, improvement of work methods, and on-site sentiment. It provides opportunities for capable junior employees to develop their leadership skills and management mindset. In 2024, a total of 24 Young Board members were selected to convey the real voices of the field to top management and to generate ideas for improving the organizational culture.

• In 2024, a total of 24 Young Board members were selected to convey the real voices of the field to top management and to generate ideas for improving the organizational culture.

In 2023, we regularly gather and swiftly respond to employee feedback, fostering two-way communication. Issues that can be resolved at the departmental level receive immediate feedback. For concerns affecting all employees, the relevant department reviews and provides feedback via company-wide postings.

• Implementation Cycle: Once every two weeks
• In 2023: Out of 1,862 submitted issues, 78 were addressed and posted company-wide, and 1,784 were addressed individually

Executives and affiliated employees engage in direct dialogue and communication to discuss organizational culture and current issues. To freely listen to employees’ opinions, anonymity-ensured systems such as Teams Chat and Metaverse are also used. In 2023, a total of 138 town hall meetings were held, with one meeting per quarter.

Considering conditions for generational change, direct communication is facilitated between management and the young generation (employees in their 20s and 30s). While Town hall meetings involve communication with a large number of employees, the TongTong and Millennial Committees focus on more in-depth discussions on organizational culture and issues with a smaller group (6-10 people). To foster a free communication atmosphere with a smaller group, environments such as workshop experiences are created to enable open dialogue with management.

With diverse working options, employees can balance self-development, rest, work, and family life. The ‘Bi-Weekly Four-Day Workweek’ system, introduced in 2024, allows employees to focus more intensively on work during working days and dedicate their alternate Fridays off to self-development, childcare, and family time.

To address South Korea’s population decline crisis and fulfill our corporate responsibility, we seriously listened to employees’ VOE and implemented programs to support childbirth and childcare. In 2023, we were selected as the Best Company for Childbirth and Childcare Promotion by the Ministry of Employment and Labor. Additionally, we operate family and childbirth-friendly programs, supporting employees to manage pregnancy, childbirth, and childcare without career interruption, from marriage to child education.

Under the philosophy of being ‘partners in creating a better tomorrow together,’ the company maintains a tradition of cooperative and win-win labor-management relations. The company guarantees the constitutional rights of freedom of association and collective bargaining, with two labor unions actively operating, affiliated with the Federation of Korean Trade Unions (FKTU) and the Korean Confederation of Trade Unions (KCTU). Through the unified bargaining channel procedure, the POSCO Labor Union, affiliated with the FKTU, exercises collective bargaining rights. In accordance with the Labor Union and Labor Relations Adjustment Act, annual wage negotiations are conducted to establish wage agreements, and biennial collective bargaining is held to establish collective agreements.

Additionally, following the Act on the Promotion of Workers’ Participation and Cooperation, the company operates a Labor-Management Council elected directly by employees. Regular quarterly meetings are held to address employee grievances and suggestions, and to discuss and implement improvements for current issues such as welfare program enhancements.