[Concall] POSCO Holdings "Received 234 billion KRW in flood damage insurance... Expecting more this year"

2022 Performance Announcement

[Asia Economy Reporter Choi Seoyoon] POSCO Holdings stated during the Q4 earnings conference call held on the 27th that "POSCO received approximately 234 billion KRW in insurance claims related to the flooding of Naengcheon last year," and added, "This year, we expect to receive an even larger amount."

Lee Seon-gyu, CFO of POSCO, said, "The amount received last year is expected to cover about 70% of the estimated flood damage," and added, "This year, we anticipate receiving additional insurance claims exceeding last year's amount, and the specific scope of compensation will be determined around the second half of the year."

Panoramic view of POSCO Center, Gangnam-gu, Seoul. [Photo by POSCO]