POSCO Group, South Korea’s leading steelmaker, has announced ambitious goals to significantly increase its operating profits and revenue by 2030. The company aims to quadruple its operating profits and double its revenue, with a specific focus on steel products, rechargeable battery materials, and aerospace materials. This growth strategy is expected to nearly triple the combined market capitalization of its subsidiaries to 200 trillion won by 2030. During a town hall meeting with employees, Chairman Chang In-hwa outlined the vision of becoming the world's top supplier for rechargeable batteries and next-generation industries. Notable efforts include a successful cost-cutting initiative in the steel business, particularly in India and North America, resulting in reduced costs and increased revenue. Their hydrogen reduction ironmaking technology, HyREX, is a significant step towards eco-friendly steel production. Additionally, POSCO is investing in lithium resources in South America and collaborating for battery materials in various markets. The company is also eyeing growth in future mobility, aircraft, and spacecraft materials, aiming for over 5 trillion won in sales by 2030. To drive innovation and maintain transparent governance, POSCO has initiated the Governance Innovation Task Force team and plans to enhance the independence of its board. Overall, POSCO's strategic focus on sustainability, diversification, and innovation positions it for significant growth and leadership in key industries.