POSCO America created commemorative plaques to honor and thank Korean War Veterans for their services to the Republic of Korea.

On April 12, an “Ambassador for Peace Medal” ceremony was held at the Atlanta Veterans Medical Center, under the auspices of the Consulate General of the Republic of Korea in Atlanta and Georgia Department of Veterans Service. POSCO America participated in the ceremony as one of the corporate sponsors.

The United States deployed about 1.79 million soldiers to the Korean War in which 140,000 casualties occurred for the American soldiers. Across the United States, 1.47 million veterans survive to this day – about 35,000 veterans in the state of Georgia alone. Since 1975, Korea has been honoring the veterans and the bereaved families with the “Apostle of Peace” medal.

The ceremony commemorates the 100th anniversary of the establishment of the Provisional Government of the Republic of Korea. POSCO America created and delivered a total of 90 commemorative plaques to the veterans and their families including the 58 that were presented on this day.

▲ On April 12, POSCO America (headed by Kwang-Soo Kim) delivered memorial plaques to the Korean War veterans. All plaques carry the message, “We will always remember our hero.”

On the reasons for creating the memorial plaques, POSCO America cited a story from Mr. Norman F. Board who is serving as the Georgia branch president for the Korean War Veterans Association. He said, “Korean war is a ‘Forgotten War.’ So many American soldiers lost lives in the War, and yet, the attention it gets is nowhere near to that of World War II or the Vietnam War. Now, most of us are well into our nineties – many of us are already gone. I’m afraid we’ll be obliterated entirely from this generation.”

It was Mr. Board’s story that got POSCO America up and running to create the plaques for the veterans of the ‘Forgotten War.’ On the plaque, the company engraved the message, “We will always remember our hero” along with the period of the Korean War, which dates from 1950 to 1953. The plaque was created with POSCO’s permanent stainless steel, and POSCO C&C’s PosART inkjet printing skill was also applied.

Commissioner Mike Roby of the Georgia Department of Veterans Service remarked in the ceremony: “The creation of the plaques is our generation’s determination to remember the Korean War and those who fought in it. It honors the soldiers who sacrificed their lives for Korea and their country. My deepest gratitude goes to POSCO for reminding us of the need to recognize the veterans’ services to the country.”

Earlier this month, POSCO America participated in the regular meeting of the Korean War veterans as part of their companion volunteering activity. Last December, the company also visited the Fisher House (The Charlie Norwood VA Medical Center Fisher House ) that provides temporary lodging for family members of veterans and military service members. The company donated 21 new TVs and participated in various community services.

To fulfill its due responsibility as a corporate citizen, POSCO America will continue the community outreach and develop sustainable relationships with the veterans.

▲ Mr. Norman F. Board and his wife, Mrs. Joan Board. After hearing Mr. Board’s story, POSCO America set to work to create memorial plaques for the Korean War veterans.

▲ Mr. Urban Rump of the Korean War Veterans Association and his wife Mrs. Carol Rump with the commemorative plaque on the porch.

▲ Mr. Edward Ginter, one of the recipients of the memorial plaques, and his wife, Mrs. Cecilia Ginter. POSCO America delivered a total of 90 memorial plaques to the Korean War veterans and their families.

“Second Avenue Subway Project Causes 50% Rise in Prices” – New York Times, September 2, 1929

The idea for a Second Avenue line was first brought up in 1920 when NYC’s public transit was at maximum capacity moving around 1.3 billion riders per year having doubled since the pre-war years. When an official plan was introduced in September 1929, home prices increased 50% almost overnight. However, because of the Great Depression, WWII, and then the Korean War; the city did not break ground until 1972. But then in 1975 the project was abruptly stopped when the city ran out of money. Revived again in the mid-nineties, construction on the current line started in 2007.

Proposed Second Avenue line in June 1950. (Courtesy of New York Transit Museum)

“But it is highly improbable that the Second Avenue subway… will ever materialize.” – New York Times, January 17, 1957

Aside from the financial and political reasons that delayed the train for a century, the fact is that it is much more difficult to construct a new subway line in today’s New York than it was in the 1920s. When New York’s first subway line opened in 1904 there were less people, less buildings, and less regulations. At that time, crews would use the “cut and cover” method where they would close the road, dig up the street, and then cover it back up when finished – a feat that would be nearly impossible in today’s bustling Manhattan.

“Ground was broken yesterday for the Second Avenue subway.” – New York Times, October 28, 1972

In today’s New York, the city must use explosions (video) to help make way for the huge boring machines, reinforced with high-strength steel, that are able to cut underneath the foundation while cars and people are left undisturbed on the surface. Running 24 hours per day, these tunnel boring machines can dig around 50-60 feet per day leaving a huge underground path for the trains.

Second Avenue subway tunnel, May 21, 2015. (Photo courtesy of MTA)

While it is obvious that steel would be used in these projects, the sheer amount is astounding. From the tunnel boring machine to the steel wheels that ride on the steel tracks to the stainless steel subway cars — steel is everywhere. In fact, it was the advances made in steel technology in the 1880s that made New York’s first subway a reality. After the great blizzard of 1888 shut down city streets and brought down the electric power grid, the city started to make efforts to put things underground. In addition, the same advances in steel provided for taller and taller buildings that brought more and more people; so, the city needed a new form of transportation that could move everyone from their homes to their jobs. The NYC subway system started in 1904 with just 28 stations – it now has 468 stations running a total distance of 1,055 km (656 mi).

From the steel beams to the steel tracks to the escalators carrying passengers – steel is everywhere. (Photo courtesy of MTA)

Subways have redefined urban life in the modern era. This feat of engineering, like so many other urban wonders, is only possible because of the steel used to dig, build, and operate the subways. Watch the short film below (11:31) to see how the Second Avenue line began – and how it ended 97 years later.

*Cover photo courtesy of MTA

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The city is centralized by the ethos of POSCO, and has earned its character from it – yet it isn’t a barren industrial site filled with furnaces and mills. While many of its attractions have been inspired by the steelmaker, Pohang maintains a unique identity of a beach town that uses industry to support its community.

A Storied Steelmaker’s Home

Pohang is home to one of the largest industrial companies in Korea, POSCO, and the POSCO Museum celebrates its legacy. After 4 years of planning and construction, the specialized museum opened its doors in 2003, allowing visitors to learn about steel and the company’s history in great detail.

Korea does not have many museums dedicated to individual companies, but the fact that POSCO has established one exhibits its importance to the national economy. Its history goes back almost 50 years, and the museum interlaces exhibitions of steel’s universal history with the company’s own.

Visitors can stroll down the hallways to learn about the origins of Korean steelmaking starting in the third century B.C., its uses of the metals in the Korean War and finally, to the founding of POSCO and the innovations that have come as a result of the company’s efforts.

It also houses the Samhwagoro, which is the first melting furnace in Korea. The museum is all-encompassing in the realm of steel’s development in Korea, incorporating the company’s impact on the country and eventually, worldwide.

Steel and Art Collide

We don’t necessarily associate steel with beauty, but through the Pohang Steel Art Festival, we are able to see the metal transform into aesthetic masterpieces.

There aren’t that many festivals dedicated to steel art – which makes the festival an interesting exception. Pohang is a city that is rooted in steel, in particular thanks to POSCO, and the festival serves as an emblem of its local culture. The steel art pieces that are showcased are usually incredibly grand and striking, made by artists from around the country.

The Pohang Steel Art Festival runs annually during a short period during the fall, and the exhibition is organized to form a sculpture park on the city’s edge. Visitors can visit this “Garden of Steel” at their own leisurely pace, and there’s usually an extensive schedule with related events, from art tours to craft classes, tied to the festival.

It’s an exhibition that caters to the entire community, so recreational and educational activities are available for both adults and children, in order for everyone to enjoy and appreciate the wondrous qualities of merging steel and art together.

Celebrating Community

Pohang is also frequently called the “City of Light and Fire”, so it’s no surprise that their yearly fireworks festival is one of the most noteworthy attractions. The Pohang International Fire and Light Festival takes place during the summer, so that everyone can view the beautiful sparks illuminating the city’s night sky.

The fireworks show and accompanying parade all are held at Yeongildae Beach over multiple days, and there is even a prize given to the top display during the festival. International fireworks companies from all around the world, including China, France, Poland, Italy and Canada, have all put on exciting shows to exhibit their cutting-edge fireworks, garnering large crowds into Pohang for this remarkable spectacle.

But the festival is not just about fireworks. There is much more for visitors to experience – water sports, street dance competitions, badminton tournaments and even traditional song and dance performances – bringing the city together for a lively midsummer gathering.

Seaside Marvels

Last but not least, there is the tucked-away gem known as Homigot, also known as the tiger’s tail of Korea, located on the easternmost edge of country. This area is particularly known for being the perfect place to observe a beautiful sunrise, as the sun rises the earliest in this part of the country.

The Sunrise Square in Homigot is considered the center of this unique area, and is also the venue for the Homigot Sunrise Festival. The festival, which started in 1999, invites millions of visitors to make wishes and resolutions while watching the first sunrise of the year.

It’s also home to one of the most famous national sculptures, the Hands of Harmony. Gigantic bronze installations of two hands reaching out from the earth and ocean are an awe-inspiring sight, and the sculptures are meant to represent unity and coexistence. Visitors can experience the glowing sunrise through the hands’ fingers, taking in the calming presence of the sun and the sea.

The tallest lighthouse in Korea is also based in Homigot, alongside the National Lighthouse Museum.

A City of Tradition and Industry

Steel shapes the city of Pohang, but it still is able to maintain a singular charm through its cultural attractions, rather than surrendering to the industrial nature of the crucial metal. It is a city that is able to thrive through building its own history alongside POSCO’s permeating presence, and also comes through as a bastion of Korea’s significant relationship with steel.

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The James A. Van Fleet Award was established by The Korea Society in 1995 to honor the late General James Van Fleet, who was commander of the U.S. Eighth Army during the Korean War. It is given annually to an individual or organization who has contributed to the promotion of U.S.-Korea relations.

The Korea Society, which has made great efforts to improve cooperation and exchange between the two countries in the U.S., presents the award each year at its Annual Dinner.

Past recipients of the award include Secretary-General of the UN, Kimoon Ban (2004), former U.S. President George H. W. Bush (2005), Samsung CEO Kunhee Lee (2006) and former President of the Republic of Korea Daejung Kim (2007).

Notable & Quotable: Korea

‘If the U.S. had not come to the aid of the Korean people, or if we in the South had lost the war, I would not be standing here.’

During the Korean War, Gen. James Van Fleet brought not only an exceptional military record but also leadership of great stature with the highest ideals. He courageously commanded the U.N. troops at the very forefront during the Korean War, with the steadfast goals of defending the people of the Republic of Korea and preserving democracy on the Korean Peninsula.

His own son, Lt. James Van Fleet Jr., also volunteered as a combat pilot but tragically went missing in action during his mission near the Yalu River. Gen. Van Fleet suspended the search-and-rescue operations for his son out of concern for putting additional soldiers’ lives at risk.

Although his son James never made it back home, his noble spirit of self-sacrifice will be remembered forever by those of us with any connection to the Korean War conflict.

In fact, this is the story I read in the social-studies book when I was in the fifth grade in elementary school. That was also my first encounter with Gen. Van Fleet. The name of Gen. Van Fleet has remained embedded in the hearts and in the minds of the Korean people, symbolizing the strong bonds . . . between our two nations.

In today’s modern era where self-centered egoism is often the generally accepted norm, James Van Fleet’s legacy of bravery and sacrifice continues to serve as a valuable moral lesson for today’s young generation of Koreans.

Tomorrow, I will be traveling to Washington, D.C., to visit Arlington National Cemetery and pay homage and tribute to Gen. James Van Fleet and the fallen soldiers who gave their lives on Korean soil.

On a personal note, I was born just 20 days before the outbreak of the Korean War, in a small town in South Korea. One of the fiercest battles in modern history was recorded near the Nakdong River close to my hometown, and this battle forced my family to evacuate southwards. The evacuation trail stretched 200 kilometers or 125 miles, and my parents had a hard time carrying a 20-day-old newborn baby enwrapped in blankets.

I still recall, when I was studying metallurgical engineering at the University of Pittsburgh some 40 years ago, how fortunate and privileged I felt to have the opportunity to come to the United States to further pursue my studies and career ambitions. If the U.S. had not come to the aid of the Korean people, or if we in the South had lost the war, I would not be standing here.

** This content was published on May 20 in the Wall Street Journal.

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Just about everything – from the roof over your head to the device you’re reading this on – contains steel. It is one of the most commonly used materials in the world and has been for quite some time.

World crude steel production added up to about 1.662 billion tons in 2014, based on the 2014 World Crude Steel Production Performances reported by the World Steel Association (worldsteel). Yet despite these numbers, the outlook for the steel industry suggests slow growth for global steel demand, which is mostly a result of the deceleration in China and structural adjustments in most world economies.

Nevertheless, The World Steel Association’s Short Range Outlook (SRO) for 2015 and 2016 notes that even though the growth is expected to be slow, demand is still growing. They forecast that the apparent steel growth will increase by 0.5% in 2015 and 1.4% in 2016. Additionally, in developing and emerging nations, there is an increased optimism for growth, as the steel markets are beginning to exhibit the characteristics of mature markets.

For more information on The World Steel Association’s expected outcomes for 2015 and 2016, click here.

So, which countries claim the spots of the world’s top steel producers for now? Read on to find out and to learn some interesting steel-related facts about each.

5. South Korea

Crude Steel Production: 71 million tons

Interesting Fact:

Rising 270 meters above sea level, The Yi Sun-shin Bridge was opened in 2012 and links the cities of Gwangyang and Yeosu. It is the first suspension bridge to be made solely with Korean state-of-the-art technology and equipment, including 26,000 tons of steel rods and 24,000 tons of steel products. Extending 2,260 meters, it is the longest in Korea and the fourth longest in the world, surpassing even the Golden Gate Bridge. (Source: http://bit.ly/1crFdzx)

4. India

Crude Steel Production: 83.2 million tons

Interesting Fact:

The Lotus Temple, a Bahá’í House of Worship, is one of Delhi’s most iconic architectural feats and was designed in the form of a lotus flower to symbolize the religion’s cornerstones of purity and simplicity. The lotus has three sets of leaves or petals which are made out of thin concrete shells. At the top, a glass and steel roof provides protection from the elements and facilitates the entry of natural light. The temple also utilizes a number of steel reinforcements and structural steel staging. (Source: http://bit.ly/1zWQCTh)

3. United States

Crude Steel Production: 88.3 million tons

Interesting Fact:

In 1943, more than 1 billion pennies were made with steel because the United States was, at the time, engaged in World War II and copper was being rationed to make artillery. Steel pennies weigh 2.70 grams and are fairly lighter than traditional copper Lincoln pennies that weigh 3.11 grams. Today, these pennies are quite popular among coin collectors and are worth about 25-75 cents each. (Source: http://bit.ly/1cooLjx)

2. Japan

Crude Steel Production: 110.7 million tons

Interesting Fact:

Tokyo Tower, a communications and observation tower in Japan’s capital city, was built in 1958. It was constructed of steel, a third of which was scrap metal taken from 90 US tanks damaged in the Korean War. At 4,000 tons, it is significantly lighter than the Eiffel Tower, which weighs 7,000 tons, a result of exceptional advances in construction technology and steel manufacturing. (Source: http://bit.ly/1K3tHbS)

1. China

Crude Steel Production: 822.7 million tons

Interesting Fact:

The Chinese were the first people to combine carbon and iron to make steel. They’ve been making it since the first century BC in blast furnaces powered by the Asian monsoon winds. In recent years, they’ve become the world’s largest producer of steel, and consume twice as much steel as the US, Europe and Japan combined. (Source: http://bit.ly/1KzAKpG)

Production rates according to the World Steel Association (worldsteel) 2014 World Crude Steel Production Performances.

Pictured here: Production presentation with the stars of Into the Flames

Dramas are being translated into multiple languages so that audiences beyond the domestic market can follow all the latest “K-dramas”. It is amazing to see this change in perception especially when one considers the war-stricken country that Korean was 60 years ago. Did you know that a huge turning point and growth driver for the Korean economy was… the steel industry?

Into the Flames, which begins to air this month on TV Chosun, attempts to dramatize the true story of the founding of POSCO, Korea’s leading steelmaker, during Korea’s more turbulent times.

Into the Flames, the dramatized founding story of POSCO

(Image Source: Official homepage of TV Chosun)

Into the Flames takes place during the 1960~70s with Korea depicted as a poor, war-ravaged country. It is during this period that Korea began to modernize as passions transformed into reality. The dreams of the self-made man, the equivalent of the ‘American Dream’, was very much alive during this period. The beginnings of POSCO took place precisely during these times.

The Story of Koreans Reaching for the Impossible

 Pictured here: Scene from Into the Flames

Into the Flames portrays the success story of one individual, Taehyung Park, who contributes greatly to the Korean economy. The story begins in Japan where Taehyung Park grows up beneath poor parents. During high school, he befriends Daechul Shin while playing Judo. The two friends meet a Japanese girl named Kumiko and fall in love with her. With her help, the two boys find work at a local steel plant. It is here that Taehyung Park discovers the intrigue of the steel industry.

 Pictured here: Scene from Into the Flames depicting Taehyung Park and Kumiko during his youth in Japan

Like all beloved Korean dramas, Into the Flames has its share of lost love, challenges and dramatic twists. From the looks of it, there might be a love triangle forming between Taehyung Park, Daechul Shin and Kumiko. We can’t wait!

Pictured here: Daechul Shin (played by Jin Ryu), Kumiko (played by Taeyoung Sohn) and Taehyung Park (Played by Soojong Choi) are the main characters that star in Into the Flames

Later on in the story, the president of Korea sits down with Taehyung Park and proposes the idea of establishing a steel mill in Korea to rejuvenate the Korean economy. After deep contemplation, Taehyung Park charismatically says, “I will do it. I will try building a steel mill in this nation.” By overcoming hardships from the Japanese occupation and Korean War, he later establishes a steel mill which sets the stage for the beginning of POSCO.

Pictured here: Scene from Into the Flames

Behind-the-Scenes of Into the Flames

To capture the essence of this rich history, drama sets were created to imitate scenes of Pohang as well as at the former Blue House (President’s home) in Gyeongsangbuk-do region of Korea.

 Pictured here: Drama stage set that replicates the former Blue House

Filming of the drama also involved very real action! The main character of the drama, Taehyung Park, played Judo during his youth. Therefore the young actors had to go through special training 3 to 4 times a week for an entire month in order to make the acting as real as possible.

 Pictured here: Main characters in their youth practicing Judo

The drama was very action packed with car explosions and helicopter appearances. For the scene with the car explosion, the film crew had to use a crane to bring the car down the cliff. We can expect a very intense drama to unfold, right?

Pictured here: Car explosion during filming of Into the Flames

 Pictured here: Car fallen from cliff during a scene from Into the Flames

 Apparently the helicopter used during the filming is the same model as what Queen Elizabeth rides!  How exciting. We are curious about what role it plays in the drama episodes.

 Pictured here: Helicopter used for filming

The first airing of the drama is set for April 25^th! We hope you are as excited as we are. Let us know what you think!

[Establishment]
POSCO on the basis of ‘Steelmaking Patriotism’

After the Korean War between 1950 and 1953, Korea was under severe damages in terms of its people, land and economy. The new community movement, or so-called Saemaeul Movement, from the late 60s embarked upon reconstruction of the nation to overcome poverty and economic difficulties. The 2nd Five-Year Economic Development Plan was introduced in 1967 and one of the top priorities was to build an integrated steelworks. Korea had neither capital nor technology to accomplish the mission but the challenge continued.

In 1965, then-President Park Chung-hee visited the U.S. and met President Poy of Koppers to discuss the construction of integrated steelworks. After the meeting, the plan became feasible and the Korea International Steel Association (KISA) was founded with seven companies from the U.S., the U.K., West Germany and Italy. Three years later, Pohang Iron & Steel Co., Ltd, was established.

[Construction of Pohang Steelworks]
Building a steelworks on a wild terrain of Young-il Bay

Geographically, Korea is not a perfect place to build steelworks. But it didn’t halt POSCO’s challenging and innovative spirit, which are still POSCO’s principles, from deciding Young-il Bay in Pohang as the home of integrated steelworks.

In April, 1970, the whole nation watched the groundbreaking ceremony with bated breath. With the roar of blasting powder, the construction of Pohang Steelworks, which will go down in history of Korea and its economy, began.

When the furnace first poured down molten metal into a cast, Park Tae-joon, the Founder and President of POSCO, and every personnel on the site cried out hoorays during the overwhelming moment.

The construction process was undertaken through four phases over 13 years of period. In 1983, it recorded annual crude-steel capacity of 9.1 million tons.

[Construction of Gwangyang Steelworks]
‘The Steelworks of Dream’ built on the sea

In 1970, sluggish global economy affected developed countries to cut down their steel productions. However, demands for steel soared in Korea given its economic development plans. Domestic companies started planning to construct the second steelworks.

Amid its rivals, POSCO, with the experience and technology the firm acquired from building the first steel work in Pohang, reclaimed the land from the sea and built Gwangyang Steelworks. The facility was designed with cutting-edge technologies such as automation and computerization of all the processes. It was indeed ‘the Steelworks of Dream’, aiming at the 21st century’s new environment.

[After Completing the History]
POSCO’s challenge to become the global leader continues.

After accomplishing the construction for annual crude-steel capacity of 20.8 million tons, POSCO lays the foundation stone of globalized operation by being listed on the New York Stock Exchange, for the first time as a Korean corporation in 1994. In December 1995, the company opens POSCO Center in Daechi-dong, Seoul and marks the beginning of yet other proud history for POSCO.

After tirelessly marching forward for prosperity of Korea and its economy, POSCO then enters into a new era. In order to enhance the organization’s specialty and efficiency, POSCO introduces a management commission and outside directorships. The moves later serve as a momentum of concreting POSCO’s advanced management system. Following the privatization in 2000, the company changes its name from Pohang Iron & Steel Co,. Ltd. to POSCO Co., Ltd. as we call it nowadays.

Since then, POSCO has continuously received the honors such as being named as one of the top corporations in Dow Jones Sustainability Indexes for 8 consecutive years. POSCO was also awarded as the most respected Korean company in 2012. As you can see, POSCO’s mission to create greater outcomes is on its course, not only in domestic market but at global level.

Notably, CSR activities in relation with regional communities and supports for multicultural families have been recognized with a great deal of attentions towards POSCO, the ‘beloved’ company. On the strength of development in brand value, POSCO was selected as the ‘the Most Respected Korean Company for 10 Consecutive Years’. The award illustrates POSCO’s overall management innovation in terms of enhancing the corporate’s image amongst the public. POSCO is also continuing its highly profitable earnings rate, highest in the field globally. According to an internationally renowned steel-making industry analysis agency, POSCO has been the world’s most competitive steel company for the past four years, ensuring its firm position as one of the global leaders.

Furthermore, amid the slumping financial performances of numerous steel making companies under sluggish global economy in last year, POSCO manufactured 37.99 million tons and sold 35.05 million tons of crude steel. Not only that, POSCO posted KRW 63.6 trillion in turnover and KRW 3.65 trillion operating profits. The operating profit of 7.8% rate is the highest figure in the industry and POSCO was capable of accomplishing the result through expanding the sales of high value-added products and cost reduction. With these successes, POSCO is successfully forwarding its medium-and long-term investment plans for future growth.

Keeping the pace with the Chief Executive Officer Chung Joon-yang’s declaration of management innovation last year, POSCO is planning to emphasize quality of development on the basis of profitability. By 2015, POSCO aims to increase the company’s capability of manufacturing crude steels up to 48 million tons globally as well as raising the capacity of domestic and overseas generation units to 4,474MW. In materials, POSCO is targeting to reach the KRW 8.2 trillion goal in sales to build a portfolio with profitability and growth for the future.

As we have witnessed, POSCO is an icon of Korea’s growth industry and driving force. Aside from the success of becoming the world’s most competitive steel manufacturer, POSCO will not be complacent and keep walking its own path as a major global corporation. So we ask for your continued support.

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December, 1965 – the Korea International Steel Association established

July, 1967 – City of Pohang selected as location for integrated steelworks

April, 1968 – Pohang Iron & Steel Co., Ltd. established

April, 1970 – Construction of Pohang Works Phase 1 begun

February, 1981 – Construction of Pohang Works Phase 4 completed (annual crude-steel capacity: 8.5 million tons)

March, 1985 – Construction of Gwangyang Steelworks Phase 1 begun

December, 1986 – POSTECH opened

October, 1992 – Integrated construction completed in time to celebrate a Quarter-century of Pohang Iron and Steel Co., Ltd. (annual crude-steel capacity: 20.8 million tons.)

December, 1995 – POSCO Center opens in Seoul

October, 2000 – Privatization completed

March, 2002 – Company name changed to POSCO Co,. Ltd.

May, 2012 – POSCO selected as the most respected Korean company

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