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Corporate Overview

History of POSCO

Vision 1965~1969
Vision
Just as human civilization and steel followed the same route of development, the path that POSCO has walked down is inseparable from the history of Korea's economic growth.

The dream of developing a steel industry in Korea started to come to light with the plan to construct a general steelworks in the 1960s.
Despite starting from scratch, with no capital, technology, or experience, the great journey towards establishing an integrated steelworks began with the founding of the Company on April 1st, 1968.

1965~1969

    • 1965

    • 05.22 President Chung-hee Park visited the U.S. and exchanged thoughts with President Poy of Koppers on integrated steelworks construction
    • 1966

    • 12.06 Inaugurated KISA (Korea Iron & Steel Association)
    • 1967

    • 06.30 The Korean government selected Pohang as the location for an integrated steelworks
    • 09.11 Korea Tungsten was selected as the end user of construction of the integrated steelworks
    • 10.03 The groundbreaking ceremony for the integrated steelworks industrial complex was held (Daesong-myeon, Yeongil-gun)
    • 10.08 Control over construction of the integrated steelworks was transferred from Economic Planning Board to Korea Tungsten
    • 10.12 A joint meeting was held between KISA delegation and Korean delegation to conclude basic agreements
    • 11.08 The Korean government appointed twelve members of the Committee on the Promotion of the Integrated Steelworks Project (Chairman Park Tae-joon)
    • 11.10 Inaugurated integrated steelworks project promotion committee
    • 1968

    • 01.25 The government proclaimed the regulations on the Committee on the Promotion of Construction of the Integrated Steelworks (Presidential Decree No. 3349)
    • 03.20 Held the inaugural meeting and chose Pohang Iron and Steel Co., Ltd
    • 04.01 Held the ceremony for inauguration of Pohang Iron and Steel Co., Ltd
    • 05.20 Opened the Pohang Construction Office (a.k.a. Rommel House)
    • 11.05 Decided on the General Engineering Program (GEP) for annual crude steel production of 600,000 tons
    • 11.12 President Park Chung-hee made his first visit to the Pohang construction site
    • 1969

    • 06.03 A task force for integrated steelworks construction was implemented in the Economic Planning Board
    • 08.06 The government determined the scale of Pohang steelworks 1st phase as being 1.03 million tons
    • 08.29 Japan's three steel companies (Yawata, Fuji and NKK) formed Japan Group (JG)
    • 09.02 Basic Agreement with KISA terminated
    • 12.03 Korea-Japan Basic Agreement signed regarding the financing of the construction funds for integrated steelworks
Development   1970~1981
Vision
Just as human civilization and steel followed the same route of development, the path that POSCO has walked down is inseparable from the history of Korea's economic growth.

The dream of developing a steel industry in Korea started to come to light with the plan to construct a general steelworks in the 1960s.
Despite starting from scratch, with no capital, technology, or experience, the great journey towards establishing an integrated steelworks began with the founding of the Company on April 1st, 1968.

    Vision 1965~1969

  • 1965

    • 05.22 President Chung-hee Park visited the U.S. and exchanged thoughts with President Poy of Koppers on integrated steelworks construction
  • 1966

    • 12.06 Inaugurated KISA (Korea Iron & Steel Association)
  • 1967

    • 06.30 The Korean government selected Pohang as the location for an integrated steelworks
    • 09.11 Korea Tungsten was selected as the end user of construction of the integrated steelworks
    • 10.03 The groundbreaking ceremony for the integrated steelworks industrial complex was held (Daesong-myeon, Yeongil-gun)
    • 10.08 Control over construction of the integrated steelworks was transferred from Economic Planning Board to Korea Tungsten
    • 10.12 A joint meeting was held between KISA delegation and Korean delegation to conclude basic agreements
    • 11.08 The Korean government appointed twelve members of the Committee on the Promotion of the Integrated Steelworks Project (Chairman Park Tae-joon)
    • 11.10 Inaugurated integrated steelworks project promotion committee
  • 1968

    • 01.25 The government proclaimed the regulations on the Committee on the Promotion of Construction of the Integrated Steelworks (Presidential Decree No. 3349)
    • 03.20 Held the inaugural meeting and chose Pohang Iron and Steel Co., Ltd
    • 04.01 Held the ceremony for inauguration of Pohang Iron and Steel Co., Ltd
    • 05.20 Opened the Pohang Construction Office (a.k.a. Rommel House)
    • 11.05 Decided on the General Engineering Program (GEP) for annual crude steel production of 600,000 tons
    • 11.12 President Park Chung-hee made his first visit to the Pohang construction site
  • 1969

    • 06.03 A task force for integrated steelworks construction was implemented in the Economic Planning Board
    • 08.06 The government determined the scale of Pohang steelworks 1st phase as being 1.03 million tons
    • 08.29 Japan's three steel companies (Yawata, Fuji and NKK) formed Japan Group (JG)
    • 09.02 Basic Agreement with KISA terminated
    • 12.03 Korea-Japan Basic Agreement signed regarding the financing of the construction funds for integrated steelworks
Development   1970~1981
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