POSCO’s Steel Village project was tabbed by UN as an exceptional illustration of social contribution activity that shifts the paradigm of corporate social responsibility in the global landscape. This is not UN’s first-time recognition of POSCO’s concerted efforts to reform poor residential areas around the world by applying POSCO’s unique sustainable resources combined with advanced techniques. This Steel Village initiative had been previously registered on the UN’s SDG website as ideal and was selected in April as an eminent example by UN during its 50th conference of the UN Population Development Division.

POSCO Steel Village is recognized by the United Nations as an outstanding corporate social responsibility (CSR) project at the UN High-level Political Forum hosted by Korea’s Ministry of Foreign Affairs.

On July 18, POSCO introduced its Steel Village project to 193 member countries of the UN, as an implementation of Sustainable Development Goals (SDG) at the United Nations High-level Political Forum event hosted by Korea’s Ministry of Foreign Affairs. The SDG, also known as “2030 Agenda,” is a collection of 17 international goals established by the UN in 2015 to address social and economic issues worldwide while achieving the prosperous coexistence of humanity by the year 2030.

The Steel Village Project is one of POSCO’s leading global social contribution activities adopting POSCO’s steel and construction methods to create residential buildings and bridges for the underprivileged. Since 2014, POSCO has built 104 steel houses and steel bridges in Vietnam’s poor residential areas. And this year, a steel dome was constructed and donated to a Thai school where students can enjoy sports activities on bad weather days.

The host of this event, South Korean Ambassador to the UN, Tae-yul Cho commented, “The POSCO Steel Village is an authentic representation of CSR activity in the private sector that will shift the perception of developing countries and the global community of CSR activities. Accordingly, a call for active promotion is essential.”

POSCO’s head of external relations Jeong-sik Kwak also added, “It is an honor to share stories to inspire developing countries worldwide with POSCO’s aptitude for creating infinite possibilities despite scarcity of resources.”