Building on our robust steel competitiveness, we are committed to advancing our sustainable management strategies and advancing together with all stakeholders through transparent communication.”

Hello, I am Si-woo Lee, Representative Director and CEO of POSCO.

As POSCO marks its 56th anniversary, we stand at the crucial juncture of transitioning to carbon neutrality in response to the ongoing climate change crisis. POSCO has maintained its position as the number one steel company in the World Steel Dynamics (WSD) competitiveness rankings for 14 consecutive years and has been recognized as a Sustainability Champion by the World Steel Association for three consecutive years. Thanks to our robust steel competitiveness, we are embracing our responsibility in this transformative era, steadily preparing for our next phase of growth.

Faced with a domestic economic downturn and high-cost pricing structures resulting from rising global energy and raw material costs, we have formulated the vision of ‘Better World with Green Steel.’ As a global leader in sustainable management, we plan to focus on implementing the following three strategies.

First, we will expedite the development of carbon neutral process technologies and pioneering of products to enable a competitive transition to a low-carbon operational system.

POSCO is showcasing its leadership in establishing a low-carbon operational system within the steel industry by constructing a new electric arc furnace in Gwangyang and accelerating the development of POSCO’s proprietary hydrogen reduction ironmaking technology, HyREX. We are also working to establish a stable procurement system for low-carbon raw materials and to complete the development of Carbon Capture, Utilization, and Storage (CCUS) technology, thus transitioning to an economically sustainable and competitive low-carbon operational system.

Second, we will continue to ensure a safe and fulfilling work environment for our employees and establish a sustainable supply chain to contribute to creating a better world for our local communities.

We place the highest priority on workplace safety and support the safety management capabilities of POSCO and its contractors, striving to create an injury-free and happy work environment for everyone. We aim to cultivate a culture that respects diversity, encourages horizontal and creative thinking, and promotes the values of labor-management harmony and mutual growth. Through collaboration with our business partners, we will continue building a sustainable supply chain and work jointly to address and solve the challenges facing our local communities.

Third, we will emphasize our corporate ethics and strengthen our reputation as a trusted company among various stakeholders.

POSCO places ethical management practices at the forefront of sustainable growth, and believes it will reinforce a responsible and reliable business foundation. We will extend support for the Compliance Program (CP) externally, ensuring fair and transparent decision-making and business practices. We kindly request your continued support and encouragement as POSCO embarks on its vigorous journey toward a second leap forward.
Representative Director and CEO of POSCO Si-woo Lee