Chairman In-hwa Chang of POSCO Group: “2026 will mark an inflection point for delivering tangible results… We will complete our ‘2 Core’ strategy centered on steel and secondary battery materials”
Jin-nyeong Yoo appointed as Chair of the Board; Joo-yeon Kim appointed as new Outside Director; Jun-gi Kim reappointed as Audit Committee member
Seok-mo Jung appointed as new Inside Director; Hee-geun Lee appointed as Non-Executive Director; Ju-tae Lee and Ki-soo Kim reappointed as Inside Directors
Annual dividend for FY2025 confirmed at KRW 10,000 per share; shareholder value enhancement commitment fulfilled through 2% treasury share cancellation, achieving the three-year 6% target
POSCO Holdings held its 58th Ordinary General Meeting of Shareholders and a board meeting on March 24 at POSCO Center in Seoul, where key agenda items were approved.
In his opening remarks, In-hwa Chang, Chairman of POSCO Group, stated, “Despite challenging external conditions last year, including the expansion of global protectionism and an industrial slowdown, we strengthened the foundation for growth in our ‘2 Core’ businesses of steel and secondary battery materials.”
Chairman Chang added, “We will make 2026 a true inflection point for delivering tangible results,” outlining key initiatives for the year ahead: securing profitability through steel joint ventures in North America and India; realizing the outcomes of investments in secondary battery materials through the commencement of commercial lithium production in Argentina and earnings contributions from lithium mining operations in Australia; and expanding the value chain of infrastructure businesses, including energy and food.
He also emphasized that safety is a fundamental prerequisite for growth, highlighting the importance of establishing a worker-centered safety culture and building a safer and more efficient operational environment through the integration of AI and robotics.
All agenda items related to the appointment of directors were approved at the shareholder’s meeting. Joo-yeon Kim, former Vice President for Japan and Korea at P&G and a global marketing and management expert, was appointed as a new outside director. Jun-gi Kim, whose term as outside director had expired, was reappointed as a member of the Audit Committee.
Seok-mo Jung, Head of the Business Synergy Division, was newly appointed as an inside director. Ju-tae Lee, Head of the Corporate Strategy Division, and Ki-soo Kim, Head of POSCO N.EX.T Hub, were reappointed as inside directors. Hee-geun Lee, President and CEO of POSCO, was appointed as a non-executive director.
At the subsequent board meeting, outside director Jin-nyeong Yoo was appointed as Chair of the Board. Chair Yoo is a leading expert in advanced materials and secondary battery technologies, having previously served as Chief Technology Officer of LG Chem.
At the shareholder’s meeting, shareholders also approved the FY2025 financial statements, partial amendments to the Articles of Incorporation, and the cap on director remuneration. In addition, a year-end dividend of KRW 2,500 per share was approved, bringing the total annual dividend to KRW 10,000 per share. The Company also received approval to cancel treasury shares equivalent to 2% of total issued shares (approximately KRW 635.1 billion), thereby fulfilling its commitment to enhance shareholder value under the previously announced plan to cancel a total of 6% of treasury shares over three years (announced in July 2024).
▲ POSCO Group Chairman In-hwa Chang presides over the 58th Ordinary General Meeting of Shareholders of POSCO Holdings.