POSCO Group chief to host town hall meeting in July

POSCO Group Chairman Chang In-hwa. [Courtesy of POSCO Group]

Chang In-hwa, chairman of South Korean steel giant POSCO Group, will host a town hall meeting with employees shortly after concluding his “100 days of on-site management” at the end of June 2024.

According to sources from the steel industry on Wednesday, POSCO Holdings Inc. recently launched an open call to confirm the number of attendees for a town hall meeting to be held at POSCO headquarters in Pohang, North Gyeongsang Province, on July 1st.

A town hall meeting is a type of meeting where participants can freely express their opinions without a specific topic or format.

POSCO Group has been conducting town hall meetings since 2021, where executives and employees from each business division interact with each other, but this is the first time Chang himself will host such a meeting.

Industry insiders anticipate that Chang will share his reflections from his 100 days of on-site management that began immediately after he took office, as well as outline the major management plans for his term.

It is also expected that the meeting will address a potential organizational restructuring within POSCO Group to alleviate employees’ concerns about changes in the organizational structure and the composituion of the workforce.