POSCO Group has announced a bold objective to become a leading global player in the materials sector with a market capitalization target of 200 trillion won (approximately $143.91 billion) by 2030. This vision was shared by Chairman Jang In-hwa during a CEO Town Hall Meeting at CHANGeUP Ground, the company’s start-up support center in Pohang.
Addressing employees on July 1, Chairman Jang laid out a strategic roadmap to elevate POSCO’s corporate value through focused expansion in steel, secondary battery materials, and new materials. He articulated ambitious goals: doubling the group’s combined sales and quadrupling its operating profit by 2030.
In 2023, POSCO Group recorded combined sales of 126 trillion won and an operating profit of 3.9 trillion won. The new targets set for 2030 are 250 trillion won in sales and 16 trillion won in operating profit. The company plans to diversify its sales portfolio with contributions from steel (35%), secondary battery materials (30%), infrastructure (25%), and new materials (10%).
Chairman Jang also highlighted the importance of mergers and acquisitions (M&As) to accelerate the group’s entry into advanced materials sectors, including aerospace, aviation, green energy, and new mobility. The restructuring plans over the next three years aim to enhance POSCO’s financial structure and core competitiveness.
This strategic vision underscores POSCO’s commitment to innovation and growth, positioning it to achieve unprecedented market leadership in the global materials industry by the end of the decade.
