What are Mission Vision & Core Values of Posco International Company?

The "Create" aspect of the mission emphasizes innovation and the development of new business ventures. This involves identifying opportunities and establishing new projects, such as the expansion into electric vehicle (EV) components. By 2030, Posco International aims to produce 7 million drive motor cores annually, showcasing its commitment to creating sustainable mobility solutions.

“Connect” highlights the importance of building relationships and integrating various business operations. This is evident in the energy sector, where the acquisition of Senex and the merger with Posco Energy have allowed Posco International to build a comprehensive energy value chain. This strategic move strengthens its market position and enhances its ability to provide end-to-end solutions.

The "Complete" element of the mission focuses on the end-to-end involvement in value chains. An example is the agri-bio sector, where the construction of a palm oil refinery in Indonesia, with a planned production capacity of 500,000 tons of refined oil annually by Q2 2025, demonstrates the company's dedication to completing the food value chain and contributing to global food resources.

Posco International's mission is inherently global and multi-sectoral, spanning steel, energy, agri-bio, and infrastructure. This broad scope allows the company to diversify its investments and mitigate risks. Their strategic approach is designed to create a resilient and sustainable business model.

The mission statement is future-oriented, emphasizing long-term value creation and enrichment. This focus drives Posco International to invest in sustainable practices and emerging industries. The company's commitment to innovation and sustainability is key to achieving its long-term objectives.

Posco International's mission is customer-centric, aiming to "enrich the future" through its business endeavors. This customer-focused approach is reflected in its commitment to providing high-quality products and services. The company's strategic goals are aligned with meeting the evolving needs of its customers.

The 'Green Energy' component of Posco International's vision underscores its dedication to sustainability. This involves leveraging environmentally friendly technologies and fostering synergy across the value chain of eco-friendly energy businesses. This focus aligns with the broader Posco Group's commitment to carbon neutrality, aiming for a 10% reduction in carbon emissions by 2030 and net-zero emissions by 2050.

The 'Global Business' aspect signifies Posco International's ambition to conduct business across industries and borders worldwide. This global outlook is crucial for expanding market reach, diversifying revenue streams, and capitalizing on international opportunities. It reflects a strategic intent to become a major player in the global market.

The term 'Pioneer' embodies Posco International's proactive approach to innovation and its embrace of limitless possibilities. It reflects a willingness to explore new frontiers, develop cutting-edge technologies, and lead the way in its chosen sectors. This pioneering spirit is vital for achieving long-term success.

The vision is both realistic and aspirational, considering Posco International's current trajectory and market position. With the backing of the Posco Group, which reported consolidated sales of KRW 72.688 trillion in 2024, the company possesses the financial and operational capabilities to pursue its ambitious goals. This financial strength provides a solid foundation for its strategic initiatives.

Posco International's strategic divestment of non-core businesses, such as the sale of Suzhou Pohang Special Steel in China in 2025, demonstrates a focused approach to reallocating resources towards high-growth sectors. This strategic realignment is crucial for maximizing returns and achieving its vision.

Posco Future M, a subsidiary, is actively investing in cathode and anode materials for rechargeable batteries, with plans to inject KRW 489.4 billion into a Canadian joint venture with General Motors. This investment demonstrates a long-term commitment to its green energy vision, even amidst market fluctuations, highlighting the company's dedication to sustainable growth.

The company's substantial investments in the electric vehicle (EV) components market showcase its mission to 'Create' new businesses and its vision as a 'Global Business Pioneer'. The construction of a second drive core plant in Mexico in 2024, alongside plans for a plant in Poland, highlight its commitment to e-mobility.

By 2030, Posco International aims for an annual capacity of 7 million drive motor cores in Poland, securing approximately 10% of the global market. The combined annual capacity of both plants is expected to reach 2.5 million drive motor cores. This investment demonstrates a forward-thinking approach, aligning with the global shift towards sustainable transportation.

Posco International's commitment to sustainability, a core element of its 'Green Energy' vision, is evident in its agri-bio business. The AGPA Refinery Complex in Indonesia, with a planned production of 500,000 tons of refined palm oil annually by Q2 2025, expands the food value chain. This initiative also supports sustainable palm oil plantation operations.

The 'Corporate and Shareholder Value Enhancement Plan,' announced in December 2024, aims to double the shareholder return rate to 50% starting in 2025. This demonstrates a commitment to enhancing corporate value and stakeholder trust, a direct outcome of their core values. This plan showcases the company's dedication to delivering value to its shareholders.

The ongoing restructuring efforts, including the sale of non-core overseas subsidiaries like Suzhou Pohang Special Steel in China in 2025, highlight a strategic re-focus. This aligns with the long-term vision of becoming a global leader in green energy and business. These actions demonstrate a commitment to optimizing the business portfolio for future growth.

The company's guiding principles shape day-to-day operations and long-term planning. Posco International's mission, vision, and Company Values are not merely statements; they are the driving force behind its strategic decisions. They influence the company's approach to innovation, its ethical standards, and its impact on the global market.

Leadership plays a critical role in reinforcing Posco International's mission and vision. Consistent communication from the top ensures that the strategic direction is understood and embraced throughout the organization.

CEO Lee Kye-in, at the brand launch event in October 2024, emphasized the company's mission to lead across diverse sectors and contribute to sustainable growth. This reinforces the company's strategic direction and instills the mission and vision throughout the organization.

Posco International communicates its mission and vision to all stakeholders through various channels, ensuring transparency and building trust. This open communication helps align the company's stated values with its financial practices.

The 'Corporate and Shareholder Value Enhancement Plan,' announced in December 2024, explicitly details mid-to-long-term indicators and action plans to maximize both corporate and shareholder value, including doubling the shareholder return rate to 50% starting in 2025.

Posco International demonstrates alignment between its stated core values and actual business practices. This is particularly evident in its commitment to responsible sourcing and supply chain management, which reflects its 'Safety' and 'Ethics' core values.

Posco Future M, a subsidiary, received an A+ rating in the 2024 ESG assessment, partly due to its responsible minerals policy and efforts to establish a sustainable raw material supply chain. Additionally, PT. Bio Inti Agrindo, Posco International’s palm oil subsidiary, promotes sustainable palm oil plantation operations in accordance with the company-wide NDPE (No Deforestation, No Peat, No Exploitation) policy, with an annual action plan for 2025.

Posco International actively engages in sustainability initiatives and corporate social responsibility (CSR) programs, reflecting its commitment to environmental and social governance. This commitment is integrated into its overall Corporate Strategy.

The company's designation as a Black-faced Spoonbill Champion under the EAAFP Corporate Champion Programme in October 2024 highlights its dedication to biodiversity conservation and CSR. These actions demonstrate how Posco International integrates its mission, vision, and core values into its business practices.