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Vol 4 (AAC) No 4

Published 1st February 2011


Chung Joon-yang

Chairman and Chief Executive Officer, POSCO

POSCO, a former parastatal that was privatised in 2000, is the world’s third-largest steelmaker and a key supplier to South Korea’s lucrative shipbuilding and automotive industries. The company is worried about its supply chain, and Chung Joon-yang plans to double the group’s self-sufficiency to 50% by 2014. POSCO is on a global hunt for assets, funded by a US$627.4 million war chest.

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