POSCO Group Chairman Jang In-hwa said on the 31st, "We must promote local complete-type investments and new businesses focused on future materials in high-growth, high-profit regions such as India and the United States."
The POSCO Group will mark its 57th founding anniversary on the 1st of next month. On this day, Chairman Jang emphasized the need for new businesses, stating in his commemorative speech, "In the midst of rapid changes in the industrial paradigm, we cannot afford to delay market expansion of core businesses and entry into promising ventures that will lead the group's new growth."
Chairman Jang stated, "If we don't act now, we may face the risk of falling behind, and we must create meaningful results with a sense of urgency." He added, "We must boldly innovate productivity and quality so that no one can catch up with us, and we should develop technologies that will change the market landscape and lead the future."
He also noted, "Since our founding, we have supported the economic development of the nation through our steel business, establishing ourselves as a global steelmaker beyond our domestic market, and we are continuously growing as we venture into new business areas such as energy materials."
"Now is the time to fulfill the new historical mission of not only steel but also innovation in future materials," he said, adding, "Let us once again remember the DNA of POSCO employees who overcame countless difficulties with indomitable will and wisdom and overcome challenges wisely to move forward."
He emphasized, "Let us vigorously run toward a sustainable future for the POSCO Group, inheriting and developing the proud 'POSCO Spirit' accumulated from the founding generation to the present while trusting and relying on each other."