POSCO Group to Invest Total of 53 Trillion KRW Including 33 Trillion KRW Domestically Over 5 Years... Investing in Eco-Friendly Steel, Secondary Battery Materials, and New Technologies

Establishing Eco-Friendly Steel Production Base by 2026 with 20 Trillion KRW
5.3 Trillion KRW for Secondary Battery Materials and Hydrogen
5 Trillion KRW for Eco-Friendly Infrastructure
2.7 Trillion KRW Investment in Venture Capital and New Technology Acquisition

Total Domestic Investment of 33 Trillion KRW
Strengthening Core Business Competitiveness
Further Contributing to Domestic Economic and Industrial Development
Actively Leading Future Industry Trends

At the POSCO Holdings inauguration ceremony in Yeoksam-dong, Gangnam-gu, Seoul last March, Chairman Choi Jeong-woo is waving the POSCO Holdings flag.

[Asia Economy Reporter Donghoon Jeong] POSCO Group plans to invest a total of 53 trillion KRW globally, including 33 trillion KRW domestically, over the next five years and directly employ approximately 25,000 people.

Following the launch of POSCO Holdings in March, marking the first-ever operation of a holding company system, POSCO Group will focus on strengthening core business competitiveness in ▲green steel ▲eco-friendly future materials such as secondary battery materials and hydrogen ▲eco-friendly infrastructure ▲future technology investments. The group aims to solidify its position as a 'leading company in eco-friendly future materials,' contribute further to the development of the domestic economy and industry, and actively lead future industrial trends.

In the steel business, about 20 trillion KRW will be invested to enhance world-class competitiveness by establishing electric arc furnaces for transitioning to an eco-friendly production system, introducing eco-friendly facilities, and strengthening technology for steel products used in electric vehicle motors. Approximately 5.3 trillion KRW will be invested in the ‘eco-friendly future materials’ sector, including secondary battery materials and hydrogen, focusing on securing stable raw materials, expanding facilities, and acquiring next-generation technologies.

Additionally, around 5 trillion KRW will be invested in the 'eco-friendly infrastructure' sector, including energy, construction & infrastructure, and food businesses. The group also plans to invest about 2.7 trillion KRW in venture investments and research and development to discover future businesses and secure new technologies, promoting balanced growth at the group level.

Alongside large-scale investments, POSCO Group will devote significant efforts to securing talent suitable for nurturing group businesses. By 2026, the group plans to directly employ approximately 25,000 people in key business areas such as eco-friendly steel production and technology development, secondary battery materials, and hydrogen.

Going forward, POSCO Group aims to enhance the competitiveness of its seven core businesses?▲steel ▲secondary battery materials ▲lithium & nickel ▲hydrogen ▲energy ▲construction & infrastructure ▲food?and increase its corporate value more than threefold by 2030, aspiring to become a 'global business leader leading humanity’s sustainable future.'