Summary
POSCO, originally Pohang Iron and Steel Company, is a South Korean steel manufacturer based in Pohang, established on April 1, 1968. It has three main divisions: Steel, which produces various steel products; Engineering & Construction, focusing on industrial plant construction and civil engineering; and Trading, dealing in steel product import and export.
Timeline
▲Dec. 1965 = The Korea International Steel Association established
▲Jun. 1967 = The Korean government selected Pohang as the site for an integrated steelworks
▲Apr. 1968 = Established Pohang Iron and Steel Company. Park Tae-joon took office as its first president
▲Apr. 1970 = Started Construction of Pohang Works Phase 1
▲Jun. 1973 = Tapped the first batch of molten iron from Pohang Steelworks Blast Furnace No.1 at 7:30am
▲May. 1976 = Completed construction of Pohang Steel Mill Phase 2
▲Dec. 1978 = Completed construction of Pohang Steel Mill Phase 3
▲Feb. 1981 = Completed Pohang Steel Mill Phase 4
▲Sep. 1982 = Commenced revetment construction in Gwangyang
▲Dec. 1986 = Established Pohang University of Science and Technology (POSTECH)
▲May. 1987 = Completed Gwangyang Steelworks Phase 1
▲Jul. 1988 = Completed Gwangyang Steelworks Phase 2
▲Dec. 1990 = Completed Gwangyang Steelworks Phase 3
▲Oct. 1994 = Listed on the New York Stock Exchange
▲Oct. 2000 = Completed privatization
▲Mar. 2002 = Pohang Iron & Steel Company was renamed POSCO
▲Nov. 2010 = POSCO Group acquired Daewoo International
▲Nov. 2010 = Completed construction of Global R&D Center in Songdo
▲Mar. 2016 = Launched POSCO Daewoo
▲Jul. 2018 = Choi Jeong-woo took office as the 9th CEO
▲Mar. 2019 = Kicked off the Corporate Citizenship Committee
▲2022 = Converted to POSCO Holdings
