At the Rayong labor management excellence awards hosted by the Thai ministry of labor on March 19, POSCO Thainox (President tae-hyung Kang) was selected as White Factory in the categories of ‘labor-management relations’ and ‘drug addiction prevention management.’

▲ At the Rayong labor management excellence awards hosted by the Thai Ministry of Labor on March 19, POSCO Thainox (President Tae-hyung Kang) was selected as white factory in the categories of ‘labor-management relations’ and ‘drug addiction prevention management.’ From left, tae-hyung Kang, president of POSCO Thainox, Peepong, chairman of the Welfare committee of POSCO Thainox, and Amnuay, director of Rayong provincial labor office.

The Thai ministry of labor selects companies with excellent labor-management relations by comprehensively evaluating their efforts to create a happy workplace, such as improving employee satisfaction, protecting human rights, and operating employee representative organizations, providing winners with additional points in the human rights category for the Thai government’s excellent ESG company program.

It also selects excellent companies in drug addiction prevention management by evaluating their efforts to eradicate the use of psychotropic drugs in their business sites, such as changes in employee awareness and effective inspection activities.

In the event, POSCO Thainox was selected as white company in labor-management relations for improving the working environment and enhancing employee satisfaction based on the operation of communication channels such as the harmony communicator at the department level and the company-wide welfare committee, as well as the quarterly voice of employee(VOE) survey. The company was also selected as white company in drug addiction prevention management for its efforts to prevent drug addiction, such as promulgating a zero-tolerance policy for the use of all types of drugs, including cannabis, which is partially permitted under Thai law, and conducting drug tests on all employees once or twice a year in cooperation with local police.

“I extend my sincere gratitude to POSCO Thainox for its continuous and effective efforts for labor-management relations and drug addiction prevention management. I hope that the company will continue to produce good results as a model company in Thailand,” said Amnuay, director of the Rayong provincial labor office.

“As a listed company in Thailand, we will be committed to improving the safety and satisfaction of our employees with a sense of responsibility,” said tae-hyung Kang, president of POSCO Thainox.

Presented examples of waste reduction and resource recycling initiatives, such as sludge recycling and packaging reuse, while also operating a promotional booth

POSCO Thainox participated in the ‘Circular Economy Seminar’ on October 2, hosted by Thailand’s Department of Primary Industries and Mines under the Ministry of Industry. At the seminar, it shared its exemplary circular economy practices.

The circular economy aims to reform the traditional linear economic model of resource extraction, use, and disposal. By minimizing the materials used and waste generated in production and maximizing recycling, circular economy activities help address resource depletion and reduce environmental pollution, aligning with ESG (Environmental, Social, and Governance) goals.

Since 2022, the Thai government has selected five companies annually that excel in ESG management activities as representatives of the circular economy. These companies are highlighted at the Circular Economy Seminar, where their best practices are shared, providing insights for advancing Thailand’s circular economy.

In June of this year, POSCO Thainox was honored to be named a representative circular economy company, alongside global home appliance and battery manufacturer Panasonic and ThaiBev, one of the most preferred employers among Thai university students. POSCO Thainox presented its circular economy initiatives at the seminar and operated a promotional booth showcasing related products.

POSCO Thainox has contributed to waste reduction by recycling sludge previously sent to landfills for use as cement material and reusing paper and packaging materials multiple times. Additionally, the company produces and donates police shields and bulletproof plates for vests using scrap generated during production as part of its broader CSR activities, further promoting the circular economy.

Dr. Teerawut, Director of Industrial Innovation at the Department of Primary Industries and Mines, expressed his admiration, stating, “I am impressed by POSCO Thainox’s high rate of waste material recycling. I encourage the company to continue its efforts in discovering new practical examples of innovation that can expand the circular economy and contribute to the development of Thailand’s manufacturing sector.”

▲POSCO Thainox attended the “Circular Economy Seminar” hosted by the Thai government on October 2 and operated a promotional booth. POSCO Thainox President Hyeong-gu Shin(first from left) explains the company’s circular economy practices to Chawanan (first from right), a materials engineering specialist from the Department of Primary Industries and Mines.

Operating communication channels, strict safety management and change management tailored to local standards… Creating a happy workplace without accidents

POSCO-Thainox acquired TLS 8001(Thai Labor Standard 8001) certification from the Thai Ministry of Labor on August 1.

The Thai Ministry of Labor comprehensively evaluates the fulfillment of social responsibilities in labor, environment/safety, and human rights protection by companies and grants TLS 8001 certification, the Thai labor standard, to excellent companies. Certified companies can enhance their corporate image by using the official TLS logo on their websites, pamphlets, and other marketing activities.

▲POSCO-Thainox acquired TLS 8001 (Thai Labor Standard 8001) certification from the Thai Ministry of Labor on August 1. From the fifth from the left, Director Manop of the Rayong Provincial Labor Office and POSCO-Thainox CEO Shin Hyeong-gu.

On this day, Director Manop of the Rayong Provincial Labor Office visited the POSCO-Thainox Rayong Plant, awarded the certificate, and confirmed excellent cases of compliance with labor standards, such as installing safety facilities on the production line.

In addition to legally obligated items, Thainox improves employee work satisfaction by regularly operating communication channels such as the department-wide Harmony Communicator and the company-wide Welfare Committee. It also creates a happy workplace without accidents by carrying out strict safety management at the head office level and continuous change management activities tailored to the perspectives of employees.

POSCO-Thainox acquired eco-friendly company level 4 (Green Culture) certification, which means the top 1% in environmental management, from the Thai Ministry of Trade last year and also received an official certificate in the social sector from the Thai government in recognition of the company’s growth into an excellent ESG enterprise that fulfills its social responsibilities.

▲Director Manop of the Rayong Provincial Labor Office, visiting the POSCO-Thainox’s Rayong Plant on August 1, looks around the plant.

“POSCO-Thainox is carrying out high-level CSR activities in the labor sector. We thank you sincerely. Please create a workplace where Thai people can work safely and happily with continued attention and improvements,” Director Manop of the Rayong Provincial Labor Office said.

“Fulfilling social responsibilities is a natural thing that a Thai-listed company should do. We will continue to take the lead in establishing an ESG management system to become a respected company in the Thai community,” POSCO-Thainox CEO Shin Hyeong-gu said.

The 2024 Global Volunteer Week, POSCO’s special volunteer service event, was held from May 23 to 31. More than 20,000 POSCO employees in Korea and other countries participated in large-scale volunteer work to practice sharing. POSCO Newsroom has taken vivid photos of the volunteer activities carried out by overseas subsidiary employees worldwide. Let’s meet them!

▲ POSCO-ZPSS employees carried out various volunteer activities to celebrate Global Volunteer Week. They held a bazaar in the cafeteria and in front of the parking lot and donated a total of 16,000 yuan to special schools and families in need. They also visited Jin Xiu School in Zhangjiagang City to provide a voluntary service of taking graduation photos for about 300 students from low-income families and donated sportswear and sneakers to the women’s volleyball team players.

▲ POSCO-QPSS employees participated in the “Love Sharing Blood Donation” event hosted by the Qingdao City Blood Donation Center and held a charity bazaar with donated goods from 48 employees in the office building’s first-floor lobby. They donated a total of 1,779 yuan to the underprivileged.

▲ POSCO-Asia (Hong Kong) employees visited a local support group for underprivileged children and donated the future generation support funds raised through the 1% Sharing activities and participated in Food Angel volunteer work to make about 2,500 lunch boxes to distribute to neighbors.

▲Twelve employees of BX Steel POSCO Cold Rolled Sheet Co. visited the Korean-Chinese Middle School in Benxi and held an art contest with the theme “Waste sorting for environmental protection starts with me” as part of an eco-friendly knowledge learning class and awarded excellent works.

▲ POSCO-CSPC employees visited the Children’s Love Center, which was newly established by the Hua Qiao Government to help special children live a safe and convenient life, and provided various learning aids for children to use. They also placed air-purifying plants throughout the children’s center to create a pleasant indoor environment.

▲ POSCO-CCPC employees carried out an environmental cleanup at the Yulin river’s Long Xing Estuary near the company’s head office and collected waste by going around approximately 2 kilometers near the river road for two hours.

▲ POSCO-CDPC employees held a handmade craft event with clay drawings with children at a Hong Yan daycare center near the company’s head office.

▲ POSCO-CFPC employees held a Healing Summer event by inviting families of the disabled. They invited the families of the disabled to the Guangdong Industrial Design Complex and ran a program where the visitors could experience Guangdong Province’s industrial development and POSCO’s corporate culture.

▲ POSCO-CHPC employees visited a Wuhan Yi De senior welfare center, where they have been carrying out volunteer services for 9 years, and spent time with the seniors making zongzi, a traditional food for the Dragon Boat Festival.

▲ POSCO-CJPC employees visited a Jilin Chao Yang special school near the head office, laid out safety mats so that the children could rest comfortably and provided snacks.

▲ POSCO-CLPC employees donated five electric nursing beds to vulnerable groups living near the factory with donations collected through 1% Sharing activities.

▲ POSCO-CQPC employees visited the Qing Yu Village, a sister village that was having difficulties with timely harvesting due to a shortage of workers, helped the village people to harvest and package cherries, and donated the cherries to a local senior center.

▲ POSCO-CTPC employees collected 309 sets of old clothes that they no longer used and donated them to a public interest collection platform.

▲ POSCO-CWPC employees carried out activities to remove weeds from the factory’s idle site.

▲ POSCO-CYPC employees visited the beach in downtown Yantai, where many tourists go in the summer, and carried out environmental cleanup activities to pick up trash and put its ESG management philosophy into practice.

▲ POSCO-Japan PC employees carried out environmental cleanup activities for five days in the Toyohashi Sports Complex near the factory, the fishing park in the Yokkaichi Kasumigaura Industrial Complex, the area around the Kawasaki factory, and the vicinity of Higashi Ogishima West Park.

▲ POSCO-PMPC employees cleaned the roads and sewers to prevent flooding that may occur during typhoons and the rainy season in the First Philippine Industrial Park where the company is located.

▲ POSCO-Malaysia employees performed environmental cleanup at community halls and kindergartens near the company by trimming grass, painting old goalposts, cleaning the inside and outside of buildings, and collecting waste.

▲ All POSCO-MKPC’s Klang Factory employees walked a 2-kilometer path between the Klang Factory entrance and surrounding villages to collect waste to participate in the “Zero Disposable Plastic” waste reduction campaign.

▲ About 30 employees of PY NIVA (POSCO YAMATO VINA) purchased paint supplies using funds raised through the 1% Sharing program, repainted tables and chairs they previously donated to an elementary school near the company, and delivered scholarships of 10 million dong to students in need.

▲ POSCO-VST’s 130 employees went around the company to collect roadside trash and provided a fun time by holding a charity bazaar and traditional game competition at a nearby elementary school.

▲ POSCO-Vietnam’s 90 employees visited two orphanages near the company’s head office and had a good time with the children by distributing snacks and school supplies.

▲ POSCO E&C Vietnam employees visited Phuc Lam Orphanage Center and donated daily necessities, school supplies, and a support fund of about 1.6 million won to instill hope in children for the future.

▲ POSCO-Thailand PC’s 67 employees carried out the protection of the maritime ecosystem jointly with the Chonburi Province Coral Preservation Foundation by planting coral seedlings in the sea. Their activities were introduced in detail on the Foundation’s SNS.

▲ POSCO-TCS employees visited nearby Banpusai Elementary School, donated shoe racks and created a vegetable garden. Moreover, they replaced toilets and lighting in old bathrooms and provided education on safety and hygiene to the students.

▲ POSCO-Thainox employees cleaned pedestrian paths near the local municipality office, cleaned drains in preparation for the rainy season, and visited welfare centers for children and people with disabilities to donate daily necessities and carry out activities such as ceiling repair and restroom maintenance. Moreover, they donated relief supplies to nearby emergency rescue teams and self-made bulletproof panels in bulletproof vests to police stations.

▲ POSCO-ISDC’s employees visited a nearby school in Mangao, donated educational TVs and water dispensers, provided English lessons for students, and planted eco-friendly mango trees with the children.

▲ POSCO-Maharashtra employees visited a welfare center for visually impaired students and donated various items, including food and school supplies, to help students grow up in a good environment.

▲ POSCO-IDPC’s employess donated 30 barricades for traffic control to the Casola Police Station in the region. Moreover, they participated in the Indian government’s “Clean India Vision Campaign” by picking up trash and cleaning roads near the office.

▲ POSCO-IAPC employees walked around the roadside in front of the center, picked up discarded trash, and planted seedlings, contributing to creating a pleasant community environment.

▲ POSCO-ICPC collected trash around drainage ditches and removed steel items such as bolts from roads to prepare for heavy monsoon rains and safety accidents around the Chennai Center. In addition, to increase the convenience of nearby residents, the area was cleaned up with pedestrian roads and maintenance.

▲ Fifty employees of POSCO-India Pune Processing Center (IPPC) planted 500 fruit tree seedlings, such as guava, custard apple, and sapota, at Lake Talegaon Dabhade near the company.

▲ POSCO-IJPC’s 28 employees visited a nearby nursing home to celebrate Family Day in Indonesia, prepared chicken porridge and drinks for senior adults, and made and installed handrails in the front yard and walking path.

▲ PT. Krakatau POSCO employees visited a local school for the disabled, built a garden, repainted oil painting, and cooperated with the Ministry of Oceans and Fisheries to build an artificial fish reef at Ketapang Beach and clean up the shore. Furthermore, they participated in a blood donation event, delivering 221 blood bags to the Red Cross. They also conducted environmental cleanup activities at five local landmarks with military units and municipal officials from the Cilegon area.

In Part 2 of ‘2024 Global Volunteer Week’ overseas employee volunteer activities,
Overseas corporations in Turkey, Poland, the United States, etc.
Lively volunteer activities participated by POSCO International executives and employees
We will report on the scene. Thank you for your interest!

POSCO Thainox, under the stewardship of President Shin Hyung-gu, was bestowed with the Minister of Natural Resources and Environment Award at the ‘2023 Environmental Impact Assessment Monitoring Awards,’ an event held at Bangkok’s Asawin Grand Convention Hotel.

The Department of Natural Resources and Environment has hosted this ceremony since 1995, on a 2-3 years cycle. It accredits environmentally conscious companies by recognizing excellence in environmental management across various key industries, including manufacturing, energy, and petrochemicals. The evaluation encapsulates five categories: water pollution, air pollution, resource utilization, energy management, and waste management.

▲POSCO Thainox claimed the Minister of Natural Resources and Environment Award at the ‘2023 Environmental Impact Assessment Monitoring Awards’ on July 19th at Bangkok’s Asawin Grand Convention Hotel. A commemorative photograph features Shin Hyung-gu (left), President of POSCO Thainox, alongside Vice-minister Jatuporn Buruspat of Thailand’s Department of Natural Resources and Environment.

During the awards ceremony, Vice-minister Jatuporn Buruspat graced from the Department of Natural Resources and Environment, POSCO Thainox received environmentally friendly company certification, and eight other manufacturing firms. In total, 43 companies across seven industry sectors were recognized.

POSCO Thainox earned this distinction by demonstrating exceptional results in waste-to-resource initiatives, such as recycling waste from acid pre-treatment processes, achieving zero landfill through the recycling of neutralized sludge waste, and repurposing water treatment iron scale.

Major media, including Thai public broadcasting, disseminated news of the award, enhancing POSCO Thainox’s reputation in Thailand for sustainable environmental management and environmentally friendly operations.

POSCO Thainox was awarded the Green Industry Level 3 certification by the Thai Ministry of Industry in 2019 and is currently striving for a higher Level 4 certification this year. The Green Industry Level certification, conferred annually by the Ministry of Industry, appraises seven areas: governance, human rights management, labor laws, environment, fairness, customer VOC, and social contributions. Achieving Level 4 certification would bestow upon a company preferential rights in government procurement, alongside eco-product certification, and allow it to manage waste autonomously without requiring government approval.

In 2022, Thailand’s Ministry of Industry honored POSCO Thainox at the ‘Eco Factory+ Value Awards’ for its remarkable waste-to-resource achievements. This year, it is pursuing three environmentally friendly certifications from the Thai government, including the Green Industry Level 4 certification.

*This footage was taken before the outbreak of COVID-19.

In the first series of ‘How Do You Like POSCO?’ POSCO Newsroom sat down with the employees of PT.KRAKATAU POSCO in Indonesia. This time, the newsroom headed to Thailand to meet the special guests of today. Thailand is known to be the largest automobile market in Southeast Asia and one of the world’s Top 10 automobile manufacturers.

Among the three manufacturing subsidiaries that POSCO operates in Thailand, POSCO-Thailand PC(Processing Center) is the oldest. Launched in 1997, POSCO-Thailand PC is still under operation and supplies automobile and home appliance steel products. In 2011, POSCO acquired Thainox, the sole stainless rolling mill in Thailand, to expand the product range. POSCO ventured further by establishing POSCO-TCS in 2016 to meet the demands of global automobile steel products. POSCO-TCS manufactures premium galvanized steel for automobiles.

All three subsidiaries sit in ‘Rayong,’ Thailand’s largest industrial complex located 170 km away from the capital, Bangkok. POSCO Newsroom met with four employees of POSCO-Thainox online and got a chance to hear their stories.

■ “Making History with POSCO-Thainox!”

Q1. Tell us briefly about yourself and how you became to join POSCO-Thainox.

Q2. Tell us about your job in detail.

Q3. How do people around you react when you tell them you work at POSCO-Thainox?

■ “Growing Together with the Best Colleagues”

Q4. What makes POSCO-Thainox special compared to other local companies?

Q5. How are your Korean colleagues? How do you get along with the local employees?

Ever since POSCO and Thainox came together in 2011, POSCO-Thainox has grown into Thailand’s No.1 stainless steel plate producer. POSCO Newsroom hopes the four employees here — along with the 568 employees working at POSCO-Thainox — will grow with POSCO and become the leaders of tomorrow. At the end of the interview, Paiboon, Prateep, Sujira, and Ji-Yeon expressed their hopes for the company.

•Meet SV Min Keun Bae – The Master of POSCO-Thainox

| Thailand, the Largest Automobile Market in Southeast Asia

Thailand is known to be the largest automobile market in Southeast Asia. In 2011, POSCO launched ‘POSCO Thainox, the sole stainless rolling mill in Thailand to meet the demands of automobile steel products, which have a high dependency on imports. POSCO Thainox is also aimed to increase its market share in the Thai automobile and home appliances sectors.

To optimize the plant operation, expert field knowledge was crucial. That’s why SV Min Keun Bae came on board. Mr. Bae joined POSCO in 1982 and had worked for over 30 years in the stainless steel order processing and production managing area before retiring in 2016.

Mr. Bae was offered the SV position a year before his retirement by then President of POSCO Thainox. Bae said, “There was a place that needed me. I was able and had lots to offer, and I couldn’t find a reason to decline. So as soon as I retired, I headed straight to Thailand.”

| ‘Sawadee Kap’ — Befriending New Language, New Culture

At the beginning, everything was challenging. The mental burden of starting over in a strange new place was huge. However, with his positive and proactive personality, Mr. Bae adapted to the new life in Thailand.

Bae concentrated on learning Thai to better adjust to life in the foreign land — he watched YouTube videos during the commute, and at home, he practiced writing Thai-alphabets on his notebook.

As a result of his effort, he could start utilizing simple Thai expressions into conversations, and communicating with local staff became much easier. Mr. Bae maintains a close relationship with his colleagues visiting their houses and sharing meals on his days off.

| The Leadership of the ‘All-round’ Master

At POSCO Thainox, Mr. Bae is in charge of processing orders acting as a control tower between the production and sales department. He controls and monitors production so that the end product can be delivered on time. Another important task is cooperating with POSCO headquarter in Korea. Mr. Bae adjusts production volumes when the headquarter makes requests for overseas plants to meet the stainless steel supply that the Korean market can’t provide.

Every day, Mr. Bae is busy examining the product storage, coming up with a set of tasks to improve the work environment, and encouraging the employees. The jam-packed schedule, however, has its perks. “Had I stayed in Korea after retirement, I would’ve been left with simple chores. But here, I can really contribute. It’s a great pleasure to be able to help others with my experience even after the retirement,” he said with a big smile.

Ever since the ‘all-around expert’ SV Min Keun Bae joined POSCO Thainox, the company’s long-term inventory has reduced by over 10,000 tons — the long-term payment delay also went down. Bae’s meticulous personality improved the work environment in the plant making POSCO Thainox one of the top manufacturers in Southeast Asia.

The words of advice Mr. Bae would like to offer to those following his footsteps is never to be afraid of new challenges: “What follows inaction? Nothing. If you challenge yourself, there’s always something to be gained — even if you fail. The current failure can help you succeed on your next try.”

To learn more about Mr. Bae’s new life and the challenges he’s taking on at POSCO Thainox, check out the following footage (Korean).

“I’m too old for this… I can’t speak the language…” For POSCO Thainox supervisor Min Keun Bae who constantly challenges himself to learn, these are just excuses standing between him and an opportunity to grow. POSCO Newsroom will always root for the global masters who are advancing POSCO’s frontier spirit in all corners of the world..

Back in September 2016, 28 ASEAN heads of state, education ministers and representatives of the Southeast Asian Ministers of Education Organization gathered together and committed to tackling the problem of youth without regular education. The Project for Out-of-school Children in ASEAN is a follow-up to the declaration, and it’s the first project that UNESCO is carrying out this year alongside an enterprise.

The POSCO 1% Sharing Foundation is aiming to leverage the Flexible Learning Strategies (FLS) program developed by UNESCO, to provide alternative education for the children of the underprivileged, ethnic minorities and migrants in cooperation with the education ministries of individual countries.

The 3-year project will be supported by the POSCO 1% Sharing Foundation, using the donated 1 percent of members’ salaries. The project will kickstart in Thailand, where they have the highest percentage of out-of-school children in ASEAN (7.6 percent). POSCO plans to cover 2,000 children in 4 regions (Chiang Rai, Ranong, Songkhla and Rayong) where POSCO Thainox, POSCO-TCS and POSCO-TBPC are based, and expand the project to Indonesia and Myanmar.

Jeong-sik Kwak, head of the ER Office of POSCO, and UNESCO Director-General Audrey Azoulay signing the agreement.

“I hope that this partnership with a world-class steelmaker like POSCO will become a model of providing opportunities for quality education to underprivileged children and youths,” said UNESCO Director-General Audrey Azoulay. “I hope that these activities will spread throughout the world, and everyone will make concerted efforts to make sure that the notion of out-of-school children will become a thing of the past.”

At home, one of the core focus areas of the POSCO 1% Sharing Foundation is facilitating the self-reliance of future generations. Starting this year, the foundation increased the number of people eligible to receive support from the Chinchin Rainbow project to 70. The customized career project will support 70 children of migrant families such as multicultural families and North Korean defectors. Last December, it also entered into an MOU with the Children’s Self-Reliance Support Team of Korea Human Resource Development Institute for Health & Welfare to help children transition smoothly from welfare facilities and foster homes to society.

Cover photo courtesy of UNESCO.

More than 100 people attended the dedication ceremony, including Jeong-sik Kwak, the head of POSCO’s External Relations Office, the vice-governor of Rayong, Thailand, the representative of Habitat for Humanity Thailand, the POSCO Group Employee Volunteer Corps and members of the local community.

Jeong-shik Kwak, head of the ER Department of POSCO said, “The Thailand love houses are especially meaningful because the employees of POSCO Group donated 1 percent of their salaries and participated in the construction process. I hope that these love houses will give hope to locals in need.”

POSCO representatives and locals at the dedication ceremony of the love houses in Pluak Daeng, Thailand.

The construction was completed by 50 volunteers of the POSCO Group Employee Global Volunteer Corps from Korea, and 30 employees of POSCO Thainox, POSCO-TCS and POSCO-TBPC.

New resident Tun Kedwarin was moved to tears and stated, “In my old house made of wooden boards, water kept leaking and the house was in danger of collapsing. I was always worried, but now I can sleep without fear, and I am truly happy. I am grateful to POSCO and the government who built me a house.”

POSCO Group Employee Global Volunteer Corps members and Pichamon, a new resident of the love house.

POSCO Group Employee Global Volunteer Corps was established in 2015, and consists of employees of POSCO Group and outsourcing partners who donate 1 percent of their monthly salary. It’s all a part of POSCO’s unique culture of volunteering and giving back to communities.

This year, the members spent 8 days in Thailand starting from August 5, during their personal vacation days and also visited a local school to introduce Korean traditional culture to the students.

OSCO Group volunteers and Thai global staff members worked together for the construction of the love houses.

POSCO also completed 104 houses in Vietnam last May, and donated them to low-income families. In Korea, POSCO constructed steel houses made from PosMAC and donated them to victims of fires and low-income families around the country, all as part of the effort to give back and build stronger communities around the world.

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