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    A005490   KR7005490008

POSCO HOLDINGS INC.

(A005490)
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End-of-day quote Korea Stock Exchange  -  2022-12-07
286500.00 KRW   -1.21%
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POSCO : visits Argentina, the core of the secondary battery material business, for the ‘2030 Busan World Expo' bid

09/18/2022 | 09:50pm EST

Tak Jeong, president of POSCO asked the Minister of Foreign Affairs and Worship to support the bid for Busan on the 1st

The senior officials meeting for the second time, following the meeting between Jeong-woo Choi, CEO of POSCO Group, and the president of Argentina in March

Myung-soo Jang, ambassador to Argentina joined as one-team of public-private sectors for negotiation activities

Argentine officials showed great interest in PosART souvenir that demonstrates the beauty of Busan

Tak Jeong, representative director and president of POSCO met with Minister Santiago Cafiero at the Ministry of Foreign Affairs and Trade of Argentina on the 1st (local time) and asked for support for the hosting of the '2030 Busan Expo'. Argentina is the world's fourth largest lithium-producing country and POSCO Group is the first Korean company to commercialize lithium in Argentina.

This meeting was held once again after Jeong-woo Choi, CEO of POSCO Group met with Alberto Angel Fernandez, president of Argentina in March to request support for the hosting of the Busan Expo and POSCO group has been meeting senior officials from the Argentine government to spur negotiations.

At this meeting, Tak Jeong, president of POSCO repeatedly emphasized that Busan, Korea's number one port city, is the best city to host the World Expo and Myung-soo Jang, Korean Ambassador to Argentina also attended the event as one-team of the public-private sectors to actively support the hosting of the World Expo.

In addition, President Jeong explained the 7 core businesses such as secondary battery materials, lithium, and nickel projects of the POSCO Group, which is being reborn as a representative company for global eco-friendly future materials. He also thanked the Argentine government for its cooperation and support.

CEO Jeong-woo Choi is currently serving as a private committee bid member and president Tak Jeong is serving as an executive committee member for the Busan Expo. Starting July this year, POSCO Group has newly launched its task force (TF) to strengthen its bid support and is focusing its efforts on overseas negotiations and public relations in the group's major negotiating countries including Argentina, Vietnam, and Mexico, as well as public relations activities to raise public interest.

Meanwhile, Argentine government officials also showed great interest in souvenirs specially made and delivered by POSCO with PosART*. This souvenir was evaluated that it captures Busan's attractions such as Haeundae, Gwangan Bridge, and Nurimaru APEC House, which boast natural beauty amidst the unchanging solidity of steel, and demonstrates the strengths of 'Busan, the place where cutting-edge technology and nature coexist'.

*PosART : POSCO Advanced Resolution printing Technology

▲ The POSCO Group, which is promoting the lithium business in Argentina, met with the Minister of Foreign Affairs and Trade of Argentina to support the bid for the 2030 Busan World Expo. From left, Myung-soo Jang, Korean Ambassador to Argentina, Santiago Cafiero, Minister of Foreign Affairs and Worship, and Tak Jeong, representative director and president of POSCO

Disclaimer

POSCO Holdings Inc. published this content on 19 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 September 2022 01:49:03 UTC.


ę Publicnow 2022
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Analyst Recommendations on POSCO HOLDINGS INC.
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Financials
Sales 2022 85 734 B 65,1 B 65,1 B
Net income 2022 4 337 B 3,29 B 3,29 B
Net Debt 2022 3 494 B 2,65 B 2,65 B
P/E ratio 2022 5,44x
Yield 2022 5,01%
Capitalization 21 731 B 16 500 M 16 500 M
EV / Sales 2022 0,29x
EV / Sales 2023 0,30x
Nbr of Employees 168
Free-Float 84,6%
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Technical analysis trends POSCO HOLDINGS INC.
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Mean consensus BUY
Number of Analysts 19
Last Close Price 286 500,00 KRW
Average target price 341 052,63 KRW
Spread / Average Target 19,0%
EPS Revisions
Managers and Directors
Jeong-Woo Choi Chairman & Co-Chief Executive Officer
In-Hwa Chang Co-President, Co-CEO & Director
Jung-Son Chon Co-Chief Executive Officer & Director
Seung-Kyu Lim Senior Managing Director & Head-Finance
Seong-Wook Lee Head-Legal & Compliance Support
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