2021 New Year Message

My Dear POSCO Family, 2021 has dawned upon us. I wish our fellow colleagues at home and abroad, partner companies, customers, suppliers and all our stakeholders happiness and fulfillment in all that you do. This year is the year of the ox, an animal that is considered to be diligent and faithful. As the ox symbolizes, may all of you continue to thrive and obtain your goals in the new year. 2020 was an year of unrivaled adversities with the effects of COVID-19 fueling great social and economic difficulties. POSCO experienced an unprecedented combination of challenges such as having to temporarily shut down part of its operations and recording its first ever quarterly loss. However, in order to overcome such challenges, POSCO took preemptive measures by rolling out its contingency plan and increasing flexibility to its manufacturing system to quickly respond to market changes. By focusing on the cash flow and targeting massive cost cuts, we were able to see a swift recovery in sales