Posco bets W16.7tr on lithium, energy beyond steel

Posco Group Chairman Jang In-hwa on Wednesday unveiled a sweeping overhaul of the group's business portfolio, pledging to transform the steelmaker into a "national champion supplier of strategic resources" spanning steel, lithium and energy.

Speaking directly to investors at the group's CEO Investor Day event, Jang said rising geopolitical tensions, supply chain fragmentation and the accelerating shift toward low-carbon industries require a fundamental rethinking of corporate growth strategies. ...