South Korea’s steel-to-battery materials conglomerate POSCO Group on Monday unveiled a spate of corporate value-up measures, including a higher shareholder return ratio, a more frequent dividend payout and a share buyback and cancellation.POSCO Holdings Inc.said in a regulatory filing It plans to achieve a revenue growth rate of 6-8% and a return on invested capital (ROIC) of 6-9% over the next three years, through continuous investments in the steel and secondary battery materials sectors.
The group’s portfolio will be restructured around its core businesses – steel and secondary battery materials – while exploring opportunities in new growth sectors under the “2Core+New Engine” strategy.“We plan to apply the ROIC indicator, which evaluates both profitability and capital investment for each business unit, not only in our structural reorganization but also in future business management,” said a company official.
To achieve a target of 6-8% group revenue growth, the company said it will increase investments and apply high technology in its steel and battery materials businesses.POSCO Future M Co.is in charge of the group’s battery materials business.
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