Jang In-hwa, Chairman of the Korea Iron and Steel Association and POSCO Group, has successfully secured the 2027 World Steel Association (WSA) General Assembly to be held in Seoul. This marks the first time the assembly will take place in Seoul since 2005, a gap of 22 years.
According to POSCO Group, the WSA officially announced Seoul as the host city for next year's assembly during a member meeting held in New Delhi, India, on October 13. The WSA General Assembly, held annually in October, serves as a platform for CEOs of global steel companies to discuss industry issues and explore collaboration opportunities.
Chairman Jang appeared in a promotional video for the Seoul assembly, urging member companies to actively participate. The selection of Seoul as the host city is seen as a reaffirmation of South Korea's global standing in the steel industry.
During the WSA meeting in New Delhi, which took place from October 11 for three days, Jang continued efforts to foster global cooperation and solidarity. On the first day, the executive committee meeting focused on key issues such as developing low-carbon product guidelines and standardizing carbon emissions allocation methods. He emphasized the need for a public-private partnership response system to prepare for extreme disaster situations, citing the impact of Typhoon Hinnamnor in 2022.
Additionally, Jang held discussions with representatives from major steel companies, including Sajjan Jindal, Chairman of JSW Group, to explore opportunities for strengthening business collaboration. POSCO is currently pursuing a joint investment in a fully integrated steel mill with JSW Steel in India, a move aligned with POSCO Group's 'Triple Core' strategy for localized investment.
POSCO aims to achieve quantitative growth in promising overseas markets while enhancing the qualitative competitiveness of its domestic steel business.
Meanwhile, on October 13, POSCO received the top award in the process safety category at the WSA's 'Safety and Health Best Practices Contest.' The award-winning 'self-developed AI-based safety accident prevention technology' analyzes on-site video data to automatically detect hazardous situations and promptly alert workers, recognized as a model of innovative safety technology based on AI.
* This article has been translated by AI.
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