History

HOME About Us History

POSCO’s 50 Years of History POSCO’s 50 Years of History in Photos
Global Expansion and Group-Level Management
Following privatization, POSCO grew into a leading global steelmaker expanding its reach across the world.
The construction of the world’s first commercial-grade FINEX plant and the conversion of Gwangyang BF No.1 into the world’s largest blast furnace qualify POSCO’s leap into the world’s top steelmaker.

Outside Korea, POSCO built an integrated mill in Indonesia and broke new ground in other parts of the world, such as China, Vietnam and Mexico.
Moreover, by managing the full business portfolio including steel at the Group level, each operating entity is able to focus on its own competencies and growth.
  • 2021
    Apr 23
    POSCO Lithium Solution (now POSCO-Pilbara Lithium Solution) is established
    May 07
    POSCO HY Clean Metal is established
    Jul 21
    CHANGeUP GROUND is unveiled in Pohang
    Corporate Citizenship Symposium is organized
    Five Corporate Citizenship brands are launched
    Oct 06
    Hydrogen Iron & Steelmaking Forum 2021 (“HyIS 2021”) is hosted
  • 2020
    Apr 02
    POSCO SPS (now POSCO Mobility Solution) is established
    Jul 03
    P&O Chemical is established
    Jul 28
    Corporate Citizenship Management Standards (CCMS) is published
  • 2019
    Mar 15
    Corporate Citizenship Committee kicks off
    Mar 18
    POSCO Daewoo is renamed POSCO International
    POSCO Chemtech is renamed POSCO Chemical
    Apr 01
    POSCO ESM is acquired by POSCO Chemtech to consolidate the energy material business
    Jun 25
    LiB Materials R&D Laboratories opens
    Jul 01
    POSCO steelworks is named the first Korean Lighthouse Factory by the World Economic Forum
    Jul 25
    Charter of Corporate Citizenship is unveiled
    Oct 03
    Cumulative steel output reaches 1 billion tons
  • 2018
    Jan 16
    AI-based ultra-precision coating technology becomes a "national core technology"
    Jul 27
    The management philosophy of Corporate Citizenship is announced
    Nov 05
    With POSCO Management Reform Conference is hosted, where 100 tasks are announced
  • 2017
    Feb 07
    Construction is complete on Gwangyang PosLX Plant
    Mar 01
    POSCO P&S is merged into POSCO Daewoo
    Jun 14
    POSCO Altech is established
    Dec 05
    POSCO wins $10 Billion Export Tower Award
  • 2016
    Aug 31
    Completion of CGL line in Thailand launches Gigasteel production
    Sep 29
    Construction is complete on Fourth-Generation Pohang Light Source
  • 2015
    Jan 22
    Construction is complete on cold rolling plant in Maharashtra, India
    Feb 02
    POSCO Group University is established
    Jun 18
    POSCO recognizes the first POSCO Masters
  • 2014
    Feb 28
    POSCO Technology University is opened
  • 2013
    Jun 07
    Gwangyang Blast Furnace No.1 becomes the world’s biggest BF with inner volume of 6000㎥ after renovation
    Nov 18
    POSCO 1% Foundation is launched
    Dec 23
    Construction is complete on Krakatau POSCO, Indonesia
  • 2012
    Feb 23
    POSCO develops the world’s first direct lithium extraction technology
    Mar 09
    POSCO develops an EV body using steel (PBC-EV)
    POSCO establishes POSCO ESM to enter the cathode materials business
    Nov 05
    POSCO forms a joint venture, PMC Tech, with Mitsubishi Group
  • 2011
    Jan 01
    Pohang Blast Furnace No.1 is named ‘National Economic Treasure No.1’ by JoongAng Ilbo
    Jun 13
    Construction is complete on Zhangjiagang Pohang Stainless Steel (ZPSS)
  • 2010
    Jan 22
    POSCO ICT is launched.
    Aug 31
    POSCO Chemtech enters the anode materials business
    Nov 01
    POSCO Group acquires Daewoo International
    Nov 04
    Construction is completed on the Global R&D Center in Songdo
    Dec 15
    Korea’s first off-gas combined cycle power plant starts commercial operation.
  • 2009
    Aug 06
    POSCO completes construction on its first overseas automotive steel plate plant (CGL, Mexico)
    Oct 19
    Construction of a cold-rolling plant in Vietnam is completed, the largest of its kind in Southeast Asia
  • 2008
    Feb 01
    POSCO forms PNR, a joint venture with Nippon Steel Corporation
    Nov 03
    SNNC completes construction of its ferronickel plant
  • 2007
    May 30
    Construction is completed on the world's first FINEX commercial plant (1.5 million tons per year)
  • 2006
    May 22
    SNNC is established as a joint venture with SMSP of New Caledonia
  • 2005
    Sep 08
    POSCO TJ Park Foundation is launched
    Sep 09
    POSCO Power (formerly POSCO Energy) is launched
  • 2003
    Jan 23
    POSCO Terminal is established
    May 27
    POSCO Volunteer Group is launched
    Nov 07
    POSCO-China is launched