POSCO International is evolving from its traditional role as a 'comprehensive trading company' to a comprehensive business company that directly designs and operates global supply chains. The company is moving beyond merely buying and selling goods to securing assets and establishing value chains in the energy, materials, and food sectors, covering everything from production to storage and distribution.
In an interview with Aju Economy, Jeong Gyeong-jin, Vice President and Head of Management Planning at POSCO International, defined the company as a "comprehensive business company that directly designs and operates global supply chains."
POSCO International directly owns and operates key business assets, including gas fields in Myanmar, Senex Energy in Australia, the Gwangyang liquefied natural gas (LNG) terminal, palm oil farms and refineries in Indonesia, and motor core production facilities both domestically and internationally.
Vice President Jeong stated, "While traditional trading companies focused on connecting transactions, the current POSCO International's competitiveness lies in what assets and supply chains we secure and operate, rather than just what we buy and sell."
He noted, "Although global markets are becoming increasingly uncertain, having resources, production bases, logistics infrastructure, and customer networks allows us to respond more proactively to market changes by directly managing the entire supply chain."
Jeong emphasized that POSCO International has been evolving its business model in this direction, building connected supply chains in the energy, materials, and food sectors to create a sustainable profit structure.
As part of this transformation, POSCO International's role within the group is also changing. While POSCO Holdings sets group-wide strategies and POSCO and POSCO Future M produce core products, POSCO International is taking on the role of a 'global business developer' that identifies resources and business opportunities worldwide and connects them to actual business.
When asked how he envisions POSCO International being evaluated in the market five years from now, Jeong reiterated the importance of breaking away from the traditional trading company model. He stated, "The structure must be established where energy generates stable cash flow, materials expand future growth potential, and food supports supply chain stability and portfolio balance."
He concluded, "If the market evaluates POSCO International as a comprehensive business company that directly designs and operates global supply chains, that is the image we aim to create."
* This article has been translated by AI.
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