Company

1971 ~ 1981Construction in Pohang

  • The "sweat" of challenge and passion
  • Even sandstorms and lack of sleep could not dampen the enthusiasm for the integrated steelworks. Nothing was impossible for the steel men armed with the spirit to Make It Happen. The overwhelming moment of the first tapping came, and their sweat and efforts turned into hot molten metal. Setting forth once again to etch a new history, they overcame all difficulties through their tenacity.
  • 1971
  • January 27Established 'POSCO Scholarship Foundation'

    April 1Adopted all-employee member program

    April 8Published first issue of in-house newsletter Soetmul (molten metal) (~December 15, 1997)

    August 20Declared first construction emergency: Hot Rolling Emergency

    November 25Concluded first contract for long-term purchase of iron core with Australia's Hamersley

  • 1972
  • May 1Launched product pier

    July 4Completed construction of Pohang Thick Plate Plant No.1 (releasing thick plates first on July 31)

    December 31Relocated main office to Pohang and opened Seoul office

  • 1973
  • March 2Received coking coal for first time

    June 9Performed first tapping from Pohang Blast Furnace No.1(7:30am)

    July 3Completed construction of equipment for Pohang Steel Mill Phase 1

  • 1974
  • October 1Initial firing of foundry blast furnace

    December 30Exported more than $100 million USD, Sales of ₩100 billion KRW

  • 1976
  • May 31Completed construction of Pohang Steel Mill Phase

    November 16Established Pohang Iron & Steel Educational Foundation

  • 1977
  • January 1Established R&D Center

    April 30First shipment of cold-rolled products

  • 1978
  • October 27Posco selected as end user of second steel mill by government

    December 8Completed construction of equipment for Pohang Steel Mill Phase 3

  • 1979
  • December 6Organized Committee to Strengthen the Constitution of the Company

  • 1980
  • June 30Entered into agreement for joint development of Green Hills Mine of Canada

  • 1981
  • January 21Launched Labor-Management Council

    February 18Completed construction of Pohang Steel Mill Phase 4

    February 28Converted from state-invested institution to state-financed institution; introduced chairman system

    November 4Government confirmed selection of Gwangyang Bay as location for second steel mill