On January 2nd, POSCO Group Chairman Jang In-hwa delivered a New Year’s address urging employees to prioritize safety and prepare for the future with a long-term perspective, regardless of the circumstances, to build a foundation for sustainable growth. He emphasized that as they start a new year, they are facing a critical period of considering both present survival and future growth due to trade reductions from the power struggle between strong nations and sluggish demand in industries both domestically and internationally. However, he pointed out that these challenges are the same for competitors, and the future of each company would significantly depend on how wisely they navigate these difficulties.
Chairman Jang also outlined six focal tasks for 2025, leveraging current obstacles as opportunities for a new leap forward. These are:
1. Safety as an uncompromisable key value across all operations, emphasizing that robust facilities are the foundation of business competitiveness.
2. Securing an absolute technological advantage by focusing efforts on core R&D areas to overcome business challenges and lead market changes with unique solutions.
3. Achieving real results in overseas growth investments and carbon neutrality in the steel sector while creating sustainable competitiveness through structural cost innovation.
4. Using the temporary demand plateau in the secondary battery materials business as a chance to enhance competitiveness by securing quality resources and quickly stabilizing existing operations.
5. Implementing planned remodeling in the infrastructure business without delay, finding opportunities amidst energy policy changes, strengthening internal competitiveness, and maximizing group-wide synergy.
6. Precisely reviewing and pursuing new future material-based businesses that align with industrial changes and can drive the group’s new growth.