POSCO PIDD Resolution of the Board of Directors

  POSCO (PIDD) - Resolution of the Board of Directors

RNS Number : 8526Q
12 November 2012


                            Washington, D.C. 20549


                                   Form 6-K


                   PURSUANT TO RULE 13a-16 OR 15D-16 UNDER

                     THE SECURITIES EXCHANGE ACT OF 1934


For the month of November, 2012

Commission File Number: 1-13368


(Translation of registrant's name into English)

          POSCO Center, 892 Daechi 4-dong, Kangnam-gu, Seoul, Korea,

                   (Address of principal executive office)

(Indicate by  check mark  whether the  registrant files  or will  file  annual 
reports under cover of Form 20-F or

Form 40-F.)

Form20-F [  x ]   Form  40-F  [ 
____ ]

[Indicate by check mark whether  the registrant by furnishing the  information 
contained in this Form is also

thereby  furnishing  the  information  to  the  Commission  pursuant  to  Rule 
12g3-2(b) under the Securities Exchange Act of 1934.

Yes [ ____ ]  No [ x ]

[If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b) : 82- .]

POSCO is furnishing under cover of Form 6-K:

Exhibit 99.1: An  English-language translation  of documents  with respect  to 
Resolution of the Board of Directors.

Resolution of the Board of Directors

On November 9, 2012, the Board of Directors of POSCO resolved the following:

Lease Agreement with a Domestic Affiliate

POSCO to lease the Calcination facilities at Pohang and Gwangyang Works to
POSCO CHEMTECH subject to the following terms

1. Lease Amount: KRW 17,000,000,000

2. Contract Period: November 16, 2012 ~ November 15, 2013


 Pursuant to the  requirements of the Securities  Exchange Act of 1934,  the 
registrant has duly  caused this  report to  be signed  on its  behalf by  the 
undersigned, thereunto duly authorized.



Date: November  12,  2012  By  /s/  Park, 


*Print the name and title under the signature of the signing officer.

Name: Park, Han-Yong

Title: President and Representative Director

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           The company news service from the London Stock Exchange


MSCUUONRURAAARA -0- Nov/12/2012 07:00 GMT
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