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Yaoguan Town, Changzhou City, Jiangsu Province,China











Just as human civilization and steel followed the same route of development, the path POSCO has walked down is inseparable from the history of Korea’s economic growth.
The dream of developing a steel industry in Korea started to come to light with the plan to construct a general steelworks in the 1960s. Despite starting from zero, with no capital, technology, or experience, the great journey towards establishing an integrated steelworks started with the founding of the Company on April 1st, 1968. Employees curled up in the construction site office then called ‘Rommel House’ trying to get the little sleep they could and eating rice mixed with sand, with the strong will to become a country of steel.  Starting with the first production line in Korea that produced 1.03 million tons of crude steel in 1973, Pohang Steelworks was completed in 1983 after four expansion projects producing 9.1 million tons of crude steel.

POSCO is undertaking challenges to lead itself towards a new dream.

POSCO has created greatness from nothing through its challenging spirit and power to take action over the past 50 years to overcome limits, while leading Korea's steel industry to this day.
However, POSCO is not ceasing to go to beyond. POSCO declared a new grand vision called 'POSCO the Great' including a strong will for future growth. POSCO will evolve into a company that is respected by all citizen of the world by promoting new growth engines based on permanent new material, steel and an ongoing commitment to upholding new values. Under the vision of 'POSCO the Great', POSCO will move ahead to contribute to the coexistence and prosperity of human society by creating value beyond mere profits based on exemplary products and service, and heightened communication between corporate citizenship and stakeholders.

Evolving to possess the best business structure for the future

POSCO is evolving into a sound business structure for the future which combines existing businesses and new businesses from the steel-oriented business structure by expanding business areas from steel to non-steel, from manufacturing to service, and from traditional roots to the future. POSCO is retains key abilities as a developer of comprehensive materials by expanding the steel value chain that drives steel, resources, materials and chemicals, while capturing market opportunities by ensuring the foundation of related service businesses such as E&C, ICT and trade. In addition, POSCO will actively launch promising industries of the future, including the green growth projects, distribution, shipping and finance to complete its business portfolio for the future.

Expanding the fields of business activities around the world

POSCO will expand its fields of business activities in any place in the world where there are customers, markets, opportunities and future potential in order to leap forward to become a true global player. POSCO is solidifying its global steel leadership by further expanding the steel industry in the Eurasia region, which encompasses Eastern Europe, Asia and the Far East, as well as pursuing growth in the Americas, which connect North America and South America, while securing a new level of competitiveness for the future by trailblazing into frontier areas, including Africa, Siberia, and in the South and North Poles where raw materials and resources are in abundance.

Implementing an advanced family management system for the future

POSCO is establishing a leading family management system in which trust and communication, innovation and synergy all work in harmony. POSCO realizes the vision of Smart Workplace which will act as the foundation for creating new value, in addition to implementing an example of new marketing, which leads to the success of customers and also completes a system that discovers technologies in order to expand new growth engines. In addition, POSCO is conducting management based on sharing and coexistence for the goal of having mutual trust and shared growth, while taking the initiative in performing its social responsibilities as a corporate citizen。

Pursuing the growth of both company and individual at the same time

At POSCO, the visions of both the company and staff are converging in the same direction. POSCO is actively supporting staff in order for them to grow into knowledge-centric workers who are able to have a sense of ownership and creativity, and realize their dreams by establishing and implementing 'My Vision'. Further to this, they are pursuing their individual vision as well as receiving differentiated lifelong education, such as in-house MBA e-learning and the development of a mindset that facilitates a happy workplace where corporate culture based on trust and communication, work and life are in harmony. Talented people who wish to display their abilities on the world stage and achieve their dreams with the company will open up a new future of POSCO.

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