Former Pohang Iron and Steel chairman Hwang Gyeong-no (photo) died on the 12th. He was 96.
Hwang was a founding member of the Pohang steel mill and, as the first head of planning and management, laid the groundwork for overall company management. In 1977, he left the company to serve as chairman of Dongbu Industry and chairman of Jecheol Engineering.
In 1990, he returned as a standing advisor to Pohang Iron and Steel, became vice chairman, and in 1992 took office as the second chairman, succeeding the late Park Tae-joon, the inaugural chairman.
He secured early founding capital for Pohang Iron and Steel by persuading the government and the National Assembly multiple times and contributed to the enactment of the Steel Industry Promotion Act, laying the foundation for POSCO.
His management philosophy was "the best company at the minimum expense" and the spirit of "put the public first after doing one's duty," and POSCO said he devoted his life to linking POSCO's success to contributions to the national economy and the development of junior colleagues.
Hwang received the Iron Tower Order of Industrial Service Merit, the Bronze Tower Order of Industrial Service Merit, the Gold Tower Order of Industrial Service Merit, the Chungmu Order of Military Merit, and the Hwarang Order of Military Merit. The funeral will be held as a POSCO company funeral.