POSCO ICT CEO Choi Doo-hwan (photo) who succeeded in consecutive reappointment is about to secure the future growth engine in response to the fourth industrial revolution.

POSCO ICT (CEO-Choi Doo-hwan) has unveiled that the company has held 28th regular general meeting of stockholders on March 13, at the company building in Pangyo, Kyungi province.

On the day of the regular general meeting of stockholders, CEO Chun Doo-hwan has been reappointed in CEO and the CEO of POSCO Management Support Division (Vice President), Go Seok-bom, have been appointed executive director of Smart IT.

POSCO intends to strengthen its smart business by integrating ICT into existing industries through its regular general meeting of stockholders and to acquire additional ``smart X`` solutions which can be applied to various industries. SmartX is a solution that can be applied to other industries following smart factory, smart building, city, and smart energy.

The company will strengthen the competitiveness of the core business of the group including steel, and create new industry opportunity, so called ‘smart industry’ which is composed of various industrial and internet of Things (IoT), big data and artificial intelligence. The company will also cooperate with global companies such as Siemens and GE. In addition, from 2015, the Smart Solutions Committee (SSC), which is composed of affiliates of construction and energy companies, is now about to show actual results.

A representative of POSCO ICT said, ‘We have built a Smart Factory that collects on-site data and applies real-time analysis and forecasting based on Big Data by applying Internet of Things (IoT) to the steel plate plant``s production facility. And this year we will also promote overseas projects.’

By Hur Woo Young yenny@


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