Group Technology Strategy Meeting held on 27th with Chairman In-hwa Chang, business company representatives, and Group CTO in attendance to review strategies for securing superior technological competitiveness
Chairman Chang calls for securing core business competitiveness based on superior technology… emphasizes establishing ‘Corporate R&D’ system at group level, operating group innovation tasks, and utilizing AI technology
Steel sector focuses on developing high-value-added products, carbon reduction, and cost-saving technologies… overcoming challenges in secondary battery materials through process stabilization, next-generation technology development, and early commercialization
Operating superior group innovation tasks… technical discussions on solving challenges to strengthen the core competitiveness of ‘2 Core + New Engine’ and breakthrough technologies for future growth
POSCO Holdings held a Group Technology Strategy Meeting on March 27 at the POSCO Center in Seoul, presided over by POSCO Group Chairman In-hwa Chang, to secure superior technological competitiveness.
▲Chairman In-hwa Chang presided over the Group Technology Strategy Meeting held at the POSCO Center in Seoul on the 27th.
During the meeting, Chairman Chang stated, “The core of POSCO Group’s competitiveness comes from absolute technological superiority,” emphasizing that “we should overcome challenges in each business area with superior technology, connect it to increased business profits, breakthrough internal and external crises, and leap forward as a world-class materials company.”
Chairman Chang continued, “We must establish a ‘Corporate R&D’ system centered on the holding company to create synergy between research and development organizations and establish a technology development process linked to business strategies to secure absolute technological superiority, and achieve core competitiveness of the group’s key businesses through the operation of ‘superior group innovation tasks’ from a long-term perspective to lead the future market.” He particularly emphasized that “AI must be applied strategically in office work, research, and other appropriate areas to maximize effectiveness.”
The meeting was attended by Chairman In-hwa Chang, representatives of major business companies, Ju-tae Lee, Head of Future Strategy Division, Seong-rae Cheon, Head of Business Synergy Division, Gi-su Kim, Head of New Experience of Technology Hub, and other executives in charge of group technology, who shared technology strategies for steel, energy materials, and next-generation core materials, and discussed methods for successful strategy execution.
In the steel sector, the POSCO Group plans to advance the production technology of high-value-added products and focus on developing innovative products to secure future market share. Additionally, the company plans to achieve results in developing cost-saving technologies for structural innovation, as well as in the development of carbon reduction technologies from an economic perspective.
In the energy materials sector, the company will accelerate early stabilization of secondary battery material processes that have recently begun operation after the construction of lithium plants in Argentina and Gwangyang, reduce costs to strengthen the technological foundation for overcoming the chasm, while accelerating early commercialization through the development of next-generation secondary battery materials such as solid-state battery materials.
Specifically, regarding the anode and cathode material business for secondary batteries, Chairman Chang urged, “Technology development and investment plans must be meticulously established and executed to increase process efficiency and reduce costs.” In response, POSCO Future M participants stated that they are steadily improving operational indicators and planning technology development in cooperation with the New Experience of Technology Hub, securing talent, and making investments, which leads to passionate discussions covering overall management from production to technology collaboration.
Additionally, POSCO Holdings discussed the direction for promoting the ‘Corporate R&D’ system to maximize the effects of research and development. Through the Corporate R&D system, POSCO Holdings aims to strengthen the connection between technology and business strategy across all processes, from R&D to production and sales, and advance the technology development system by focusing on tasks with high effectiveness and growth potential.
Furthermore, POSCO Holdings has selected significant technologies that can secure future competitiveness through innovation in core businesses (2 Core), such as steel and energy materials, and new businesses (New Engine), as ‘Superior group innovation tasks.’ These tasks involve technologies that can address challenges in current business areas to achieve world-class competitiveness, as well as innovative technologies that can create new businesses in the future. POSCO Holdings plans to accelerate development speed and maximize outcomes by promoting these as large-scale convergence projects, where field operations and research institutes collaborate as a single team.
Since his inauguration last year, POSCO Group Chairman In-hwa Chang has emphasized the importance of technology by selecting ‘Leading superior business based on future technology’ as one of the strategies to achieve the management vision of ‘Materials opening the future, innovation toward world-class excellence.’ Last November, Chairman Chang personally presided over the ‘POSCO Group Tech Forum,’ which shared the group’s technology development achievements and discussed development directions, encouraging the group’s technologists to find breakthroughs with innovative technologies and continue innovating toward world-class excellence, turning crises into opportunities.
POSCO Holdings plans to hold another Group Technology Strategy Meeting in the second half of the year to review significant achievements and examine new tasks that can drive innovation and create new business opportunities from a long-term perspective, to overcome challenging internal and external business environments by strengthening technological competitiveness.