POSCO International announced its 'corporations and shareholder value enhancement plan' on the 23rd, which includes measures to maximize corporate value and shareholder value. Starting in 2025, it plans to increase the shareholder return rate to 50%, double the previous level, and introduce interim dividends to strengthen its shareholder return policy.
Earlier this year, POSCO International presented a 25% shareholder return rate as part of its shareholder-friendly policy, and it has set forth a more advanced goal in this plan. Additionally, it aims to achieve an average annual growth rate of over 8% based on pre-tax profit, along with a goal to generate returns exceeding 8% on invested capital. The plan is to enhance corporate value by creating larger investment revenues than the cost of capital procurement.
By sector, it plans to strengthen market dominance through proactive expansion in the energy and food institutional sectors, while also creating synergies in the steel and mobility sectors through collaboration with the POSCO Group. The top management aims to transparently share the company's mid-to-long-term strategic direction through active investor relations (IR) activities and manage based on trust.
A representative of POSCO International said, 'Through this plan, we aim to enhance both shareholder value and corporate value and become the representative shareholder-friendly corporation of South Korea,' adding, 'We will do our best to ensure the continuous growth of major businesses and strengthen trust with stakeholders.'