POSCO Chief Executive Choi Jeong-Woo speaks during a Mar. 12 general shareholders meeting.
South Korean steelmaker POSCO Co. will put its efforts into gaining dominance in new growth markets such as eco-friendly vehicles and steel bars used for construction, said its Chief Executive Choi Jeong-Woo on Friday, as he enters his second term.
Choi, an ex-CEO of POSCO Chemical Co., an electric vehicle materials maker, took over as CEO of the steel giant in July 2018 after his predecessor Kwon Oh-joon abruptly stepped down before the end of his term. Group-wide, we will invest to expand our presence across the supply chain of core growth businesses, including liquefied natural gas and food, Choi told a general shareholders meeting held on Mar. 12, where his second term was confirmed.