1970 South Korea, which produced 500,000 tons of bars at the beginning, benefited from the establishment of Pohang Iron and Steel Company, and now the annual production capacity of bars reaches 50 million tons, making it the sixth largest steel country in the world. As the seventh largest enterprise in South Korea after Samsung, Hyundai, LG, SK, Hyundai Motor and Hanjin, Posco Steel has been adhering to the tradition of black and white operation since its establishment, and has never suffered losses. Its excellent income-generating ability stands out among the world steel industry.
In 2005, the output of bar reached 26.8 million tons, surpassing Nippon Steel Company, which ranked first in the world in 2000, and ranking first in the world. Despite the hardships of the price slump called "Valley of Death" by the world steel industry, the sales revenue is still as high as 1 1 trillion 86 billion won (1 USD 1300 won), and the net profit reaches 81900 million won, creating the best operating performance in the world steel history. In June 2000, the Korean government privatized Pohang Iron and Steel Company and recovered 3,889.9 billion won. Compared with the investment of 220.5 billion won, the average annual investment income reaches 16.7%, which is the highest rate of return among government investments since the establishment of the Korean government. Posco was listed on the new york Stock Exchange on 1994 and the London Stock Exchange the following year. Now, more than 60% of foreign shareholders are foreign investors, and it is considered as a representative excellent company in Korea.
Posco has 13 subsidiaries in China, and 34 steel mills, raw material processing plants and sales companies in 9 countries including China, Thailand, Vietnam, Myanmar, USA, Venezuela, Brazil, Canada and Australia.