1967 ~ 1970Foundation of POSCO

  • Pursuing a great dream
  • Just as human civilization and steel shared the same path 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 without capital, technology, and experience, the great journey towards establishing an integrated steelworks began with the POSCO's foundation on April 1, 1968.
  • 1967
  • June 30The Korean Government selected Pohang as the location for an integrated steel mill.

    September 11'Korea Tungsten' was selected as the end user of the integrated steel mill.

    October 3The groundbreaking ceremony for the integrated iron & steel industrial complex was held.

  • 1968
  • April 1Pohang Iron and Steel Co., Ltd. Pohang was founded, and Park Tae-joon was inaugurated as its first president.

    May 20The Pohang Construction Office (a.k.a. Rommel House) opened.

  • 1969
  • August 4The Government determined the annual production capacity of Pohang Steel Mill Phase 1 as 1.03 million tons.

    August 26The Korea-Japan Ministerial Meeting agreed to use the Claims Fund.

  • 1970
  • April 1The construction of the equipment for Pohang Steel Mill Phase 1 began.