POSCO seeks stronger Korea-US ties in AI, energy sectors

POSCO Group Chairman Chang In-hwa, left, receives a special baseball uniform from World Steel Dynamics CEO Philipp Englin during the Global Dynamics Forum in New York, Wednesday (local time), as POSCO Holdings is inducted into the Hall of Fame by the global steel industry consultancy. Courtesy of POSCO Holdings

POSCO Group Chairman Chang In-hwa visited New York this week to attend a roundtable with U.S. industry experts and participate in a global forum for steel industry leaders.

He discussed ways to leverage Korea-U.S. cooperation in steel, rechargeable battery materials and energy to navigate geopolitical uncertainties during Tuesday’s roundtable arranged by the Korea Society, an organization dedicated to promoting mutual understanding and cooperation between the two countries.

POSCO Group said that experts from both countries in artificial intelligence (AI), geopolitics and the energy industry explored practical solutions to challenges facing the manufacturing sector in this era of rapid AI transformation.

In particular, discussions focused on using industrial large knowledge models that integrate the expertise and data of each specialist through AI, as well as automating high-risk and unstructured manufacturing plants with robots.

At the Global Dynamics Forum held the following day by World Steel Dynamics (WSD), Chang introduced POSCO Group’s strategies to become a leader in advanced materials.

POSCO Holdings, the group’s holding company, was also permanently inducted into the WSD Hall of Fame. As a result, POSCO Group became the first global steelmaking group to receive a permanent Hall of Fame honor from the global steel industry consultancy.

POSCO, the group’s steelmaking unit, was selected by WSD as the world’s most competitive steelmaker every year since 2010, until the 2022 launch of the group’s holding company, which has continued to receive the recognition.

"I want to express my deep gratitude for the dedication of all our employees, as maintaining the top spot for 15 years is no easy feat," Chang said. "We see the Hall of Fame honor as a sign of encouragement and support from the global steel industry."