- On the 17th, a signing ceremony for salary agreements without negotiation was held at POSCO Chemical's head office in Pohang, South Korea
- POSCO Chemical continues to hold the record for achieving salary agreements without negotiation for the longest period of time among South Korean companies with 1,000 or more employees
- The representatives from both parts agreed to be focused on investment and business capabilities
- POSCO Chemical to reinforce competitiveness in anodes on the basis of domestic production of raw materials for secondary cells
- 74.5 billion won of investment made for a production capacity of 15,000 tons
- P&O Chemical, a joint venture with OCI, expected to expand business and create new revenue
- Investment of 218.1 billion won in expanding cathode and precursor plants with an annual capacity of 30,000 tons each
- First entry into the overseas market for secondary cells, with China being selected as the largest battery market in the world
- Expansion in the precursor business, the intermediate material for cathodes, to improve supply and demand stability and internalization rate
- Preparing to establish US and EU corporations to accelerate the building of a global supply chain and strengthen market leadership
- POSCO Chemical CEO Min said, “We will respond preemptively to the fast-changing market to expedite investment.”
- The company records 480 billion won in sales and 35.6 billion won in operating profit in Q2
- Cathode business accounts for 35% of the enterprise business, driving growth as a new flagship sector
- Introduction of environmental performance including technological innovations in secondary cell materials in response to climate change
- Establishment of a safety management system and intensified corporate governance including the BOD, included as main achievements
- CEO Min Kyung-zoon stressed, “We will promote sustainability through technological development in secondary cells and bold investment.”
- POSCO Chemical is set to secure market-leading technology and quality to rise to the global top-tier in chemicals and secondary cells
- Safety at work presented as the highest value equivalent to the lives of employees and their families
- Small scale event held under strict preventive measures at Pohang headquarters, and broadcast live to all employees through in-house broadcasting