1993 ~ 2002 - History - About Us

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History

Introducing a new governance scheme

With the twin growth engines up and running in Pohang and Gwangyang, we were ready to turn a chapter with a new POSCO identity.
POSCO listed on the New York Stock Exchange owing to its robust credit ratings, and introduced outside director and external audit system to enhance governance and transparency.
Privatized in 2000, POSCO sought continuous modernization by automating and upgrading processes. These efforts helped to transform POSCO steelworks into the world's most competitive steelmaking facilities.

2002

Mar. 15

Pohang Iron & Steel Company was renamed POSCO
2001

Jul. 2

Introduced POSPIA
2000

Jan. 3

Sold Shinsegi Telecom, Inc.

Apr. 18

Blew in Blast Furnace No.5 at Gwangyang Steelworks

Aug. 2

Signed a strategic partnership with Nippon Steel Corporation

Aug. 30

Launched Steel-N.com, an online store

Oct. 4

Completed privatization
1998

Jul. 28

Reduced output for the first time in company history
1997

Feb. 15

Established Zhangjiagang Pohang Stainless Steel (ZPSS) in China

Mar. 14

Introduced outside director and external audit systems

Nov. 20

Launched the No-gyeong Labor-Management Council
1996

Jan. 30

Completed repayment of loan from Japan war reparation funds

Oct. 15

Completed Construction of Mini Mill No.1 at Gwangyang Steelworks
1995

Aug. 31

Opened POSCO Center

Nov. 28

Unveiled a COREX smelting plant
1994

Jun. 1

Established POSCO Research Institute (POSRI)

Jun. 15

Founded POSCO Newspaper (-July 30, 2015)

Oct. 14

Listed on the New York Stock Exchange

Dec. 1

Launched POSCO Development (now POSCO E&C)

Dec. 7

Completed installation of Pohang Light Source (PLS)
1993

Apr. 1

Committed to a mission to innovate itself

Oct. 1

Relaxed commuting dress code

Oct. 18

Became the first Korean company to issue a samurai bond

Oct. 30

Obtained ISO 9002 certification