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Early History
Just as iron and steel helped to develop human civilization, POSCO’s steel helped to develop the Korean economy.
At the beginning, POSCO faced steep odds; it lacked both capital and skilled labor necessary to support its nascent steelmaking industry. However, POSCO was a believer. It ventured into uncharted territory to turn steelmaking the mainstay of the Korea economy.
The April 1, 1968 ribbon-cutting signaled a race to build an integrated steel mill.
Workers toiled day and night, motivated by a desperate desire to bring the project to fruition. The blood, sweat and tears of our founding members flowed with the first tap of molten iron, a breathtaking manifestation of their do-or-die spirit and unstoppable determination.
At the beginning, POSCO faced steep odds; it lacked both capital and skilled labor necessary to support its nascent steelmaking industry. However, POSCO was a believer. It ventured into uncharted territory to turn steelmaking the mainstay of the Korea economy.
The April 1, 1968 ribbon-cutting signaled a race to build an integrated steel mill.
Workers toiled day and night, motivated by a desperate desire to bring the project to fruition. The blood, sweat and tears of our founding members flowed with the first tap of molten iron, a breathtaking manifestation of their do-or-die spirit and unstoppable determination.
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1973
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Jun 9At 7:30 am, the first batch of steel is tapped at Pohang Blast Furnace No. 1
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Jul 03Construction is completed on Pohang Steel Mill Phase 1
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1972
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Jul 4Construction is completed on Pohang Heavy Plate Plant (the first shipment is loaded on July 31)
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Dec 31Headquarters is relocated to Pohang, and Seoul Office is opened
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1971
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Jan 27Steel Scholarship Foundation is established
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May 13Pohang Industrial Furnace Co., Ltd. (now POSCO Future M) is established
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Aug 20To meet schedule, historical first emergency order issued to speed up Hot Rolling Plant construction
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1970
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Apr 1Construction commences on Pohang Steel Mill Phase 1
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1969
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Aug 4The Korean government sets a capacity target of 1.03 million tons for the company
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1968
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Apr 1Pohang Iron & Steel Company is established, with Mr. Tae-jun Park as its first president
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May 20Pohang Construction Office, dubbed Rommel House, is opened
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1967
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Jun 30Korean government selects Pohang as the site for the steel mill
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Sep 11Korea Tungsten is selected as the builder of the steel mill
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Oct 3Steel mill groundbreaking ceremony
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