Chairman Chang In-wha

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POSCO Group Chairman Chang In-wha underscored the need to strengthen the core competitiveness in the steel and energy materials sectors for long-term growth.

Speaking at the 57th annual general shareholder meeting of POSCO Holdings Inc. on Thursday, Chairman Chang outlined strategies for navigating a difficult business environment led by global trade challenges and a weakening Korean won.

“We will continue with the restructuring process that began last year, generating cash and improving capital efficiency,” he said.

POSCO raised over 660 billion won ($450 million) in cash last year through the sale of 45 non-core assets.

POSCO Holdings also approved a proposal to enhance its governance by raising the threshold for the chairman’s third-term re-election.

Previously, the chairman needed more than 50 percent support at the general meeting, but now at least two-thirds approval will be required.

The company also confirmed the election of both internal and external directors.

Yoo Jin-nyoung, CEO of Angel Six Plus, and Son Sung-kyu, Professor Emeritus at Yonsei University, were reappointed as external directors.

Lee Joo-tae, head of the Future Strategy division, and Chun Sung-rae, head of the Business Synergy division, were appointed as new internal directors, while Kim Ki-soo, head of POSCO N.EX.T Hub, was reappointed. Kwon Tae-kyun, an external director, was elected as the chairman of the board.

Additionally, POSCO Holdings announced the creation of a Global Trade Policy Team directly under the chairman’s office to address trade challenges, including the 25 percent steel tariff imposed by the U.S. Trump administration.

The team will be led by Kim Kyung-han, head of POSCO Holdings’ Communications division.