[Korea's financial standing hyomun newspaper reporter] was finalized Kwon, Oh - Jun POSCO Chairman reappointed. POSCO held an open '49th Annual Shareholders' Meeting and Board of Directors' POSCO Center in 10 days and confirm the right of the President to President-elect tenure three years.
POSCO wrestle ohinhwan the president re-elected, Choi Jung-woo, vice president with the right of reappointment as chairman elected outside directors janginhwa Vice President, Vice President, as a new planetary inside directors. Former vice president Kim Shin-bae, SK Group, jangseunghwa SNU Professor of Law, Associate Professor, Department of Business Administration, Sungkyunkwan jeongmungi elected as a new outside director.
Inaugurated last year by 8 POSCO Chairman 2014 Chairman emphasis on promoting the first term of three years, including the present steel reinforcement and group competitiveness and financial soundness restructuring has been evaluated that significantly improve profitability. Kwon, president of Chief Technology Officer (CTO) who is a former professional steel technology Technology Research Institute, RIST, such as ledger.
Has secured POSCO's proprietary technology competitiveness pulled the inauguration after hardware, steel and use of technology and human solutions including software components solutions marketing inaugurated just before the 2.2 trillion won operating profit in 2013 promoted to combine with 2.6 trillion won 2016 end of the year.
Also during the same period were operating margin to improve from 7.3% to 10.8% operating margin recovered the number two spot in five years. Through a total of 126 cases of restructuring after taking office late last year pulled up to the cumulative financial effect of improving the 5.8 trillion won, the debt ratio has achieved the lowest level since POSCO Changsha to 17.4%.
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