Mission Statement, Vision, & Core Values of POSCO Holdings Inc. (PKX)

How does a company stay competitive in a rapidly evolving global market? For POSCO Holdings Inc. (PKX), the answer lies in a clear mission, a compelling vision, and deeply ingrained core values. But how do these abstract concepts translate into real-world performance?

In 2024, POSCO Holdings faced a challenging year, with a 3.6% decrease in revenue and a 29.3% drop in operating profit. Despite these headwinds, the company reported consolidated sales of KRW 72.688 trillion, an operating profit of KRW 2.174 trillion, and a net profit of KRW 948 billion. How do these figures reflect the company's commitment to its stated mission, vision, and values? Read on to explore the guiding principles that steer POSCO Holdings through both calm waters and turbulent times.

POSCO Holdings Inc. (PKX) An Overview of

POSCO Holdings Inc. (PKX), formerly known as Pohang Iron and Steel Company, has a rich history dating back to its establishment in 1968. Originating as a state-owned entity to spearhead South Korea's industrial development, POSCO has evolved into a global steel giant. The company's primary products include hot-rolled steel, cold-rolled steel, stainless steel, and plates, serving diverse industries such as automotive, shipbuilding, construction, and energy. As of April 2025, POSCO continues to be a major player in the global steel market, adapting to changing demands and technological advancements.

In recent financial reports, POSCO Holdings has demonstrated strong performance, driven by robust demand and strategic market positioning. While specific sales figures for April 2025 are not yet available, the company's annual revenue typically reflects its significant global presence. For instance, in the fiscal year 2024, POSCO reported record-breaking revenue, with a substantial portion attributed to its flagship steel products. Growth in emerging markets and increased demand from key sectors like automotive and construction have further bolstered its financial performance. These results underscore POSCO's resilience and adaptability in a competitive global landscape.

POSCO Holdings stands as a leader in the steel industry, recognized for its technological innovation, operational efficiency, and commitment to sustainability. The company has consistently invested in research and development to enhance its product portfolio and reduce its environmental impact. POSCO's success can be attributed to several factors, including its strategic partnerships, proactive adaptation to market trends, and a strong focus on customer satisfaction. To delve deeper into POSCO's journey, strategic vision, and operational framework, explore this comprehensive resource: POSCO Holdings Inc. (PKX): History, Ownership, Mission, How It Works & Makes Money

POSCO Holdings Inc. (PKX) Mission Statement

While a specific, concise mission statement for POSCO Holdings Inc. isn't readily available, information regarding the company's vision, core values, and overall strategic direction provides a strong understanding of its mission.

POSCO's overarching mission can be understood as a commitment to national advancement through steel and materials innovation, expanding into new sectors, and contributing to economic and social development. The company strives to be a trusted leader in the global market through ethical management and sustainable practices.

More details about POSCO Holdings Inc. can be found at: POSCO Holdings Inc. (PKX): History, Ownership, Mission, How It Works & Makes Money

Vision Statement

POSCO Group's vision is 'Materials for Tomorrow, Innovation for Excellence', reflecting an ambition to lead in future technology-based businesses. To achieve this vision, three primary strategies have been defined:

• Gaining a commanding lead in future technology-based businesses, particularly in steelmaking and rechargeable battery materials.
• Establishing a dynamic organizational culture that fosters growth for all employees by encouraging creative endeavors and balancing autonomy with responsibility.
• Building a reliable ESG (Environmental, Social, and Governance) management system through innovation, ensuring community trust, and staying ahead in safety and GHG (Greenhouse Gas) emissions management.

Core Values

POSCO Group's core values are centered around:

• Safety: Prioritizing respect for people and encouraging safe behavior.
• Ethics: Seeking ethical behavior based on mutual trust. POSCO emphasizes ethical management, striving to be a trusted and respected enterprise that co-exists and prospers with its stakeholders. This includes adhering to laws and ethics, and promoting integrity, respect, and mutual empathy in all business activities.
• Win-Win: Practicing consideration and sharing with others to pursue mutual prosperity and create social value.
• Creativity: Pursuing creative solutions and constantly challenging themselves for sustainable growth.

Commitment to Ethical Management

POSCO is committed to being a trusted leader in the global market through ethical management. Ethical principles include:

• Complying with relevant laws and company regulations.
• Maintaining employee dignity and protecting the company's reputation.
• Practicing integrity, fairness, and trust in all business relations.
• Avoiding activities that create conflicts of interest.
• Respecting individual dignity and diversity, and not unfairly discriminating against employees and stakeholders.
• Striving to create a safe workplace and protect the environment.

POSCO has also established a Code of Ethics to be observed by all employees, with regular amendments to include stricter ethical standards in its management practices.

Sustainability and ESG Initiatives

POSCO is dedicated to sustainable growth and fulfilling social and environmental responsibilities. Key initiatives include:

• Publishing annual sustainability reports to transparently disclose sustainability management activities. POSCO published Korea's first Environmental Report in 1995 and has continued to release corporate performance reports related to sustainability through 2023.
• Integrating ESG factors into its business strategy.
• Focusing on reducing carbon emissions and expanding the use of renewable energy.
• Establishing sustainable raw material supply chains based on its Responsible Minerals Policy.
• Enhancing health and safety management systems. In 2022, the Lost Time Injury Frequency Rate (LTIFR) among suppliers decreased by 52% compared to 2021 due to the development of a safety management system for suppliers.

POSCO Future M, a subsidiary, received an A+ (Outstanding) rating in the 2024 ESG assessment by the Korea Institute of Corporate Governance and Sustainability (KCGS). The company received A+ ratings in the environmental (E) and social (S) categories, and an A rating in governance (G).

POSCO International merged with POSCO Energy on January 1, 2023, to integrate distributed energy businesses and complete the LNG business value chain, boosting business competitiveness and management efficiency.

These elements together define POSCO Holdings Inc.'s mission as a commitment to innovation, ethical practices, sustainability, and creating value for its stakeholders while contributing to national and global advancement.

POSCO Holdings Inc. (PKX) Vision Statement

POSCO Holdings Inc. has articulated a clear vision focused on driving innovation and sustainability across its diverse business portfolio. This vision encompasses not only its traditional steelmaking operations but also its expanding presence in areas like lithium, nickel, hydrogen, and energy materials. The company's strategic goals are designed to enhance long-term value for shareholders and contribute to global sustainability efforts.

Leading Innovation in Steel and Beyond

POSCO Holdings envisions itself as a leader in technological innovation, particularly within the steel industry. This includes developing advanced high-strength steel products and sustainable manufacturing processes. The company aims to reduce its carbon footprint and enhance the efficiency of its operations through continuous research and development. For example, POSCO is investing in carbon capture utilization and storage (CCUS) technologies to minimize emissions from its steel plants. These efforts align with global initiatives to combat climate change and promote environmentally responsible industrial practices.

Expanding into New Growth Sectors

Beyond steel, POSCO is strategically diversifying into high-growth sectors such as lithium, nickel, hydrogen, and other energy materials. This diversification is aimed at capitalizing on the increasing demand for these materials in electric vehicles and renewable energy technologies. POSCO's investments in lithium extraction and processing, for instance, are designed to secure a stable supply of this critical battery material. Similarly, the company is exploring opportunities in hydrogen production and fuel cell technology to support the transition to a hydrogen-based economy.

Commitment to Sustainability

Sustainability is a core element of POSCO Holdings' vision. The company is dedicated to reducing its environmental impact, promoting social responsibility, and ensuring ethical governance. This commitment is reflected in its investments in green technologies, its efforts to improve workplace safety, and its engagement with local communities. POSCO also emphasizes the importance of transparency and accountability in its business operations, adhering to the highest standards of corporate governance.

Financial Performance and Strategic Goals

POSCO Holdings' strategic vision is closely linked to its financial performance and long-term growth objectives. The company aims to achieve sustainable profitability by increasing the value of its existing businesses and successfully integrating new ventures. This includes optimizing its steel operations, expanding its market share in key growth sectors, and managing its financial resources effectively. POSCO's financial goals are supported by its commitment to innovation, sustainability, and operational excellence.

Here are some of the key strategies POSCO is employing to achieve its vision:

• Investing heavily in research and development to create advanced materials and technologies.
• Forging strategic partnerships with other companies and research institutions to accelerate innovation.
• Implementing sustainable business practices across its operations to reduce environmental impact.
• Expanding its global presence to tap into new markets and growth opportunities.
• Fostering a culture of innovation and collaboration within the organization.

POSCO Holdings Inc. (PKX) Core Values of

POSCO Holdings Inc. (PKX), as a leading steel manufacturer and global business enterprise, emphasizes a set of core values that guide its operations, strategies, and interactions with stakeholders. These values reflect the company's commitment to ethical conduct, innovation, and sustainable growth. Understanding these core values provides insight into how POSCO Holdings Inc. (PKX) aims to achieve its mission and vision in the global market. You can learn more about the company's profile by visiting Exploring POSCO Holdings Inc. (PKX) Investor Profile: Who’s Buying and Why?.

Creativity

POSCO Holdings Inc. (PKX) places a significant emphasis on creativity as a core value, recognizing its importance in driving innovation and maintaining a competitive edge in the global market. This commitment to creativity is embedded in various facets of the company's operations, from technological advancements to strategic decision-making.

Examples of POSCO Holdings Inc.'s (PKX) commitment to creativity:

• Research and Development: POSCO Holdings Inc. (PKX) invests substantially in research and development to foster innovative solutions in steel manufacturing and related technologies. For example, the company's development of advanced high-strength steel demonstrates its dedication to pushing the boundaries of material science.
• Technological Innovation: The company continually seeks to integrate cutting-edge technologies into its production processes, enhancing efficiency and sustainability. This includes the adoption of smart factory technologies and automation to optimize operations.
• New Business Ventures: POSCO Holdings Inc. (PKX) actively explores new business opportunities beyond traditional steelmaking, such as lithium extraction and battery materials, showcasing its creative approach to diversification and growth.

Best

POSCO Holdings Inc. (PKX) strives to be the 'Best' in all its endeavors, reflecting a commitment to excellence and continuous improvement across its operations. This core value drives the company to set high standards and consistently pursue superior performance in every aspect of its business.

Examples of POSCO Holdings Inc.'s (PKX) commitment to being the 'Best':

• Quality Management: POSCO Holdings Inc. (PKX) implements rigorous quality control processes to ensure its products meet the highest standards. The company's focus on quality has earned it recognition and certifications from various international organizations.
• Operational Efficiency: The company continuously seeks to optimize its production processes, reduce costs, and improve efficiency. Initiatives such as smart factory implementation and energy-saving technologies contribute to achieving operational excellence.
• Customer Satisfaction: POSCO Holdings Inc. (PKX) prioritizes customer satisfaction by providing high-quality products and services tailored to meet specific needs. The company invests in customer relationship management and feedback mechanisms to ensure it consistently meets or exceeds customer expectations.

Challenge

POSCO Holdings Inc. (PKX) embraces a culture of 'Challenge,' encouraging its employees to take on ambitious goals and overcome obstacles through innovation and determination. This core value is essential for driving growth and maintaining a competitive edge in a rapidly evolving global market.

Examples of POSCO Holdings Inc.'s (PKX) commitment to 'Challenge':

• Technological Advancements: POSCO Holdings Inc. (PKX) actively pursues technological breakthroughs to enhance its production capabilities and develop new products. The company's investments in R&D and partnerships with research institutions demonstrate its commitment to pushing technological boundaries.
• Market Expansion: The company strategically expands its presence in emerging markets, taking on the challenges of navigating diverse regulatory environments and cultural contexts. This proactive approach to market expansion allows POSCO Holdings Inc. (PKX) to tap into new growth opportunities.
• Sustainability Initiatives: POSCO Holdings Inc. (PKX) sets ambitious sustainability targets, challenging itself to reduce its environmental footprint and promote responsible business practices. The company's investments in renewable energy and carbon reduction technologies reflect its commitment to addressing environmental challenges.

Togetherness

POSCO Holdings Inc. (PKX) values 'Togetherness,' fostering a collaborative and inclusive work environment where employees, partners, and stakeholders work together to achieve common goals. This core value promotes teamwork, communication, and mutual respect, which are essential for driving innovation and success.

Examples of POSCO Holdings Inc.'s (PKX) commitment to 'Togetherness':

• Employee Engagement: POSCO Holdings Inc. (PKX) invests in employee training and development programs to foster a skilled and motivated workforce. The company also promotes open communication and feedback mechanisms to ensure employees feel valued and engaged.
• Partnerships and Alliances: The company collaborates with strategic partners and industry peers to leverage collective expertise and resources. These partnerships enable POSCO Holdings Inc. (PKX) to enhance its capabilities and expand its market reach.
• Community Involvement: POSCO Holdings Inc. (PKX) actively engages with local communities through various social responsibility initiatives. The company's contributions to education, healthcare, and environmental conservation demonstrate its commitment to being a responsible corporate citizen.