- Held the 23rd regular general meeting of shareholders and board of directors at Songdo headquarters on the 20th
- Plans to give advance notice with regards to dividend payment and date to provide shareholders with a clearer direction for dividend
- Focuses on substantially increasing corporate value than now by strengthening annual IR practices
According to the company’s website news release on March 20, 2023, POSCO INTERNATIONAL held the 23rd regular general meeting of shareholders and board of directors at its headquarters in Songdo, Incheon, on the 20th, where Vice Chairman Jeong Tak was appointed as the new CEO.
Along with CEO Jeong Tak, two other inside directors, Lee Kye-In, Head of Trading Business Unit, and Lee Jeon-Hyuk, Head of Energy Division, are newly appointed. These appointments are expected to provide a stepping stone for the company to achieve balanced growth in both divisions to become a global general business company.
Han Jong-Soo, Professor at Ewha Graduate School of Business and a renowned accounting and finance expert, and Jeon Young-Hwan, Professor at Hongik University School of Electrical Engineering and a former member of the Carbon Neutrality Committee, were newly appointed as outside directors and members of the audit committee to add expertise and operational transparency to the company's business.
Dividend per share was approved at 1,000 won. The record date for right issues of shares is December 31. In addition, the company added ‘construction equipment rental business’ under the ‘purpose of business’ in its articles of incorporation since it plans to strengthen its steel scrap-related trading sector.
Under the leadership of the newly appointed CEO and Vice Chairman Jeong Tak, POSCO INTERNATIONAL aims to continue the vision of maximizing shareholder value by investing in a balanced portfolio with a focus on future growth and shareholder return.
In particular, starting this year, the company will be confirming the amount of dividend and the date of dividend distribution in advance in order to provide a clear direction to shareholders who will be buying or selling stocks. As part of strengthening shareholder rights, the company will also implement electronic voting and electronic power of attorney to allow shareholders to voice their opinions in a decision-making process without joining the general meetings in person.
Meanwhile, the company in celebration of its first year since merger this year seeks to concentrate on substantially increasing its corporate value through intensive investment in future growth areas, such as energy and agro, as well as active IR practices.
