2023.09.15
POSCO discusses growth strategy for key businesses
By
Lee Min-hyung, The Korea Times - POSCO Group has discussed sustainable growth
strategies for its seven core businesses, as part of efforts to catch up with a
major industrial paradigm shift, the company said Tuesday.
The
company brought up the agenda of "real value" ― all the tangible and
intangible value that a company generates by doing business ― and underscored
the importance of maximizing real value. POSCO said the real value is a notion
encompassing not just economic, but environmental and social values that a
company creates for society.
Ranking
executives and experts shared stories on it during the 2023 POSCO Forum, which
runs for four days from Tuesday.
"We
need to develop real value stories shared during the forum and utilize them as
an effective tool to drive the group's growth," POSCO Group Chairman Choi
Jeong-woo said.
Top
management from POSCO's seven key affiliates ― including steel, secondary
battery materials and construction ― talked about exemplary real value stories
during the forum and exchanged ideas with guests for the event.
On
the first day of the forum, Raj Ratnakar, senior vice president at DuPont,
delivered a keynote speech and shared ways for companies to maximize their
value through swift business transformation.
Lars
Kissau, president of Net Zero Accelerator at BASF, plans to deliver a speech on
structural shifts in corporate business portfolios on the last day of the
event.
POSCO
also prepared a special session to discuss measures to enhance employees'
creativity by constantly enhancing corporate culture, the company said.
"We
need to keep improving our organizational culture for employees to demonstrate
their creativity," Choi said.
POSCO
Forum is an annual event that the group has held for the past five years. The
POSCO chief and a group of 120 executives and outside directors of the company
took part in this year's event at POSCO Global R&D Center in Songdo,
Incheon.
Resource: https://www.koreatimes.co.kr/www/tech/2023/09/419_358985.html