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Posco Holdings' First Quarter Net Profit Fell on Sluggish Demand, Costlier Raw Materials

By Kwanwoo Jun


Posco Holdings first quarter net profit dropped compared with the same period a year earlier due to sluggish demand and higher raw-material prices, but the South Korean steel. ....

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Posco confirms 7 missions to speed up innovation

Posco Group Chairman Chang In-hwa on Monday announced seven major tasks that the steel giant will tackle in the years to come, from consolidating its leadership in steelmaking and battery materials to improving the governance structure. The new missions come after Chang was appointed as the group’s new chairman on March 21. Chang, together with a 20-member task force, came up with the new tasks to enhance Posco. ....

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Lee Si-woo becomes sole CEO at flagship unit

Lee Si-woo, formerly co-CEO of Posco alongside Kim Hak-dong, who served as CEO of Posco and vice chairman of Posco Holdings, will now lead the steelmaker on his own. Posco Holdings’ reshuffle released on Wednesday indicates that Kim will step down from his position and moves to the group’s executive adviser. Lee is expected to play a crucial role in guiding Posco through its transition toward carbon neutr. ....

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