- Expands shareholder return ratio to 50% and adopt interim
dividends, aiming to become South
Korea's leading shareholder-friendly company
- Promote sustainable growth through the expansion of agro and
energy business and the advancement of the business portfolio
SEOUL and INCHEON, South Korea, Dec. 22,
2024 /PRNewswire/ -- On December 23, POSCO International Corporation
unveiled its 'Corporate and Shareholder Value-Up Plan', which
includes key mid-to-long-term indicators and specific action plans
to maximize corporate and shareholder value. Through this plan, the
company aims to double its shareholder return ratio from current
25% to 50% starting from next year and establish itself as a
leading shareholder-friendly corporation in South Korea while pursuing sustainable
growth.
POSCO International had previously set a mid-term
shareholder-friendly policy earlier this year with a shareholder
return ratio of 25%. However, in this new plan, the company will
significantly increase this to 50% from 2025 and introduce interim
dividends, further strengthening its shareholder return policy.
Moreover, POSCO International aims to achieve an average annual
growth rate of at least 8% in pre-tax income and set a target for
Return on Invested Capital (ROIC) that exceeds the Weighted Average
Cost of Capital (WACC), currently at 8.0%. This is part of a
strategy to continuously enhance corporate value while ensuring
stable profitability.
The company has further strengthened its market dominance by
aggressively expanding its energy and agro businesses. In its steel
and mobility businesses, the company aims to maximize profitability
through synergy creation in cooperation with the POSCO Group and to
achieve stable profit growth by diversifying risk with
complementary portfolios among its key businesses.
Since being incorporated into the POSCO Group in 2010, POSCO
International has restructured its core business portfolios and
achieved remarkable success by surpassing 1
trillion KRW in operating profit for the first time last
year through large-scale M&As and proactive investments.
Building on this foundation, the company plans to continue
enhancing sustainable growth and profitability.
Furthermore, the plan includes measures to strengthen
communication in line with the government's value-up program. By
actively engaging in IR activities and implementing innovative IR
strategies, the C-Level management aims to transparently share the
company's mid-to-long-term strategic direction, pursuing
trust-based sustainable growth.
A spokesperson from POSCO International stated, "Through this
plan to simultaneously enhance shareholder and corporate value, we
will leap forward as South Korea's
leading shareholder-friendly company. We will continue to drive the
growth of our key businesses and strengthen trust with our
stakeholders."
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SOURCE POSCO International