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POSCO chairman says technology drives resource value creation

POSCO chairman says technology drives resource value creation

POSCO Group Chairman Chang In-hwa listens to Hong Jeong-jin, head of the Energy Materials Research Institute, explain high-density LFP (lithium iron phosphate) technology at a battery technology exhibition booth during the POSCO Group Tech Forum. / Courtesy of POSCO Holdings
POSCO Group Chairman Chang In-hwa listens to Hong Jeong-jin, head of the Energy Materials Research Institute, explain high-density LFP (lithium iron phosphate) technology at a battery technology exhibition booth during the POSCO Group Tech Forum. / Courtesy of POSCO Holdings

Chang In-hwa, chairman of the POSCO Group, said, "We must create new value and expand our business areas through the commercialization of software-based technologies where the technology itself becomes a product."

According to the POSCO Group on Wednesday, Chang attended the "38th Tech Forum" held in Gwangyang, South Jeolla Province, the previous day, and said, "The driving force that elevates resource value and translates it into tangible results is our technical capability." This emphasized that technology is a core competency for executing the "Triple Core," which takes steel, energy, and strategic resources as its three pillars.

At this Tech Forum, award ceremonies were also held for the "POSCO Technology Award," which commends employees who have contributed to strengthening the group's technical competitiveness and the diffusion of AX (AI transformation), and the newly established "POSCO Group AX Awards" for this year.

A total of 14 projects were selected for the Technology Award. This year, to encourage employees' will for technological innovation, the highest prize money for the Technology Award was increased from 100 million won to 150 million won.

The Grand Prize, the highest honor, was awarded to one project each in the steel and new growth sectors. In the steel sector, a group that made significant contributions to the development of POSCO's PosMAC Super coated products received the Grand Prize for developing "POSCO PosMAC Super ultra-high corrosion-resistant coated products."

This product is evaluated as a key item to target the rapidly growing global renewable energy steel market, as it maintains excellent corrosion resistance even in environments prone to corrosion, such as offshore areas or saline soils.

In the new growth sector, the Grand Prize was awarded to "Mass production technology for meta lenses for next-generation augmented reality (AR) devices" by a group that made outstanding contributions to the development of mass production technology for meta lenses at Pohang Industry and Science Research Institute (RIST) and POSTECH.

A meta lens is a next-generation lens that controls light through nanostructures on a flat surface, overcoming the physical limitations of existing refractive lenses. This mass production technology is expected to accelerate the commercialization of next-generation AR glasses by enabling smart devices to be made smaller and lighter.

The Grand Prize for the AX Awards was awarded to POSCO Pohang's Quality Technology Department, which improved slab quality assessment using physics-based interpretation and AI. It is evaluated as a representative case where an engineer with expertise in on-site data directly achieved productivity improvements by incorporating AI algorithms.

Meanwhile, approximately 800 people attended the Tech Forum, including Chairman Chang, representatives and employees of major business companies, and Rathore, COO of India's JSW Steel, to discuss strategies for responding to the energy transition and plans for promoting AI transformation (AX) in depth.

"This article was translated using AI and may differ slightly from the original."