POSCO HOLDINGS Business Summary

POSCO Holdings Inc. (PKX) operates as a diversified global materials conglomerate, generating revenue through a multifaceted model that includes high-volume steel sales, global trading commissions, large-scale engineering and construction (E&C) contracts, and the production of rechargeable battery materials. The company is organized into four primary business segments: Steel (the core revenue driver), Trading (managed via POSCO International), Engineering & Construction (POSCO E&C), and Battery Materials (led by POSCO Future M). Currently, the group is aggressively pivoting from its traditional steel-centric roots toward a "world-class materials" strategy, focusing on the electric vehicle (EV) value chain through lithium, nickel, and cathode/anode production. In the global landscape, POSCO competes directly with steel giants like ArcelorMittal, Nippon Steel, and Baosteel, while increasingly challenging battery material leaders such as EcoPro BM and LG Energy Solution by leveraging its unique position as the only company with a fully integrated EV battery material supply chain. Originally founded in 1968 by the late Park Tae-joon, POSCO Holdings is currently led by Chairman and CEO Chang In-hwa, a long-term company veteran with a PhD in Ocean Engineering from the University of Massachusetts and a deep background in technology investment and steel production. The executive team includes President and Representative Director Lee Ju-tae, a strategy and finance expert who previously led the group's corporate strategy division, and Senior Executive Vice President Kim Ki-soo, who serves as the Group CTO and Head of the POSCO N.EX.T Hub. The company’s governance is supported by a board featuring notable independent directors like former SK Hynix CEO Park Sung-wook. As a publicly traded entity, its major institutional shareholders include the National Pension Service of Korea (holding approximately 8.65%), BlackRock, Citigroup, and The Vanguard Group, reflecting its status as a cornerstone of the South Korean economy and a critical player in global industrial materials.