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February 08, 2016 9:19 PM ET

Metals and Mining

Company Overview of POSCO

Company Overview

POSCO manufactures and sells steel rolled products and plates in South Korea. Its Steel segment offers cold rolled and hot rolled products, plates, wire rods, silicon steel sheets, and stainless steel products; and pig iron, billets, blooms, and slabs. The company’s Trading segment exports and imports iron and steel, raw materials for steel production, non-ferrous metals, chemicals, automotive parts, machinery and plant equipment, electronics products, agricultural commodities, and textiles; manufactures and sells textiles; and operates a department store. Its Construction segment constructs industrial plants, civil engineering projects, and commercial and residential buildings. The company’...

POSCO Center

440 Teheran-ro

Gangnam-gu

Seoul,  135-777

South Korea

Founded in 1968

Phone:

82 2 3457 0114

Key Executives for POSCO

Chief Executive Officer, Inside Director and Chairman of Executive Management Committee
Age: 65
Total Annual Compensation: $1.1B
President, Head of Steel Production Division, Inside Director, Member of Executive Management Committee, Member of Director Candidate Recommendation Committee and Chief Executive Officer of Posco Chemtech
Age: 62
Total Annual Compensation: $700.0M
Chief Financial and Planning Officer, Senior Executive Vice President, Head of Finance & Investment Division, Inside Director, Member of Executive Management Committee and Member of Finance & Operation Committee
Age: 56
Total Annual Compensation: $598.0M
Senior Executive Vice President, Head of Steel Business Division and Member of Executive Management Committee
Age: 60
Total Annual Compensation: $692.0M
Compensation as of Fiscal Year 2014.

POSCO Key Developments

POSCO Approves Year-End Cash Dividend, Payable on April 11, 2016

POSCO announced that on January 28, 2016, the board of directors of the company approved the year-end dividend KRW 6,000 per share, payable on April 11, 2016 to the recorded shareholders on December 31, 2015.

POSCO Reports Unaudited Consolidated and Parent Company Earnings Results for the Full Year of 2015; Provides Consolidated and Parent Company Earnings Guidance for the Full Year of 2016

POSCO reported unaudited consolidated and parent company earnings results for the full year of 2015. For the year, on consolidated basis, revenue was KRW 58,192 billion against KRW 65,098 billion a year ago. Operating profit was KRW 3,214 billion against KRW 3,214 billion a year ago. Net profit was KRW 96 billion against KRW 557 billion a year ago. Free cash flow KRW 7,602 billion against KRW 3,412 billion a year ago. Net debt was KRW 16,549 billion against KRW 22,231 billion a year ago. For the year, on parent company basis, revenue was KRW 25.6 trillion. Net debt was KRW 0.4 trillion. For the full year of 2016, on parent company basis, the company expects revenue of KRW 24.3 trillion and net debt of KRW 2.1 trillion. For the full year of 2016, on consolidated basis, the company expects revenue of KRW 58.7 trillion and net debt of KRW 14.6 trillion.

POSCO to Report Fiscal Year 2015 Results on Jan 28, 2016

POSCO announced that they will report fiscal year 2015 results on Jan 28, 2016

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