Skip to navigation
Skip to Contents
close

Company

Corporate Overview

History of POSCO

Growth 1982~1992
Growth
Bringing the myth of Yeongilman to Gwangyang-man - a new challenge for POSCO

To fulfill the rapidly increasing domestic steel demand in a high growth economy, POSCO took on a new challenge of bringing the myth of Yeongilman to Gwangyang-man. From starting construction of Gwangyang's first plant in 1985 until its completion in 1992, the sea was filled to build a cutting edge steelworks that offered streamlined processing that ranged from iron-making and steel-making, to rolling. Meanwhile, POSTECH and RIST (Research Institute of Industrial Science & Technology) were established to meet the needs of self-developed technology for technology independence, creating a firm connection between academia and industry

1982~1992

    • 1982

    • 04.01 Introduced a monthly pay schedule for all employees
    • 09.09 Completed the Tanoma coal mine
    • 1983

    • 05.25 Completed the second phase equipment for Pohang Steelworks Phase 4
    • 08.20 The government changed the main agent for the CTS project from Hanyang to POSCO
    • 09.10 Completed the Greenhills coal mine in Canada
    • 10.24 Opened the Gwangyang Works Phase
    • 11.14 Completed the connection of the Gwangyang Revetment
    • 1984

    • 11.30 Completed the construction of the framing of the Gwangyang Revetment
    • 1985

    • 08.17 Completed the new Pohang Iron & Steel training center
    • 10.18 Completed the renovation of the Gwangyang site
    • 1986

    • 03.21 Confirmed as the end user of stainless hot coil production
    • 04.01 Launched UPI (USS-POSCO Industries)
    • 12.03 POSTECH opened
    • 1987

    • 02.28 Completed the Pohang second Cold-rolled facilities
    • 03.03 RIST (Research Institute of Industrial Science & Technology) established
    • 04.01 Completed a new main office building in Pohang and opened POSCO TV, an in-house broadcaster
    • 05.07 Completed of the Gwangyang Works Phase 1
    • 10.01 Introduced a single rank system for all employees (abolishing the diVision between blue and white collar jobs)
    • 1988

    • 06.10 Initial public offering (First national stock)
    • 06.29 Organized a labor union
    • 07.12 Completed of the Gwangyang Works Phase 2
    • 1989

    • 03.31 Construction of Pohang stainless steel production plant No.1 and Hot-rolling plant completed
    • 1990

    • 01.01 Changed the corporate mark and logo
    • 07.31 Completed the Pohang stainless cold rolling mill and established the STS integrated production system
    • 12.04 Completed of the Gwangyang Works Phase 3
    • 1991

    • 04.20 Introduced the labor welfare fund system
    • 1992

    • 01.01 Extended the age-limit from 55 to 56 and introduced the reemployment program and the early retirement program
    • 09.24 Proclaimed the corporate philosophy
    • 10.02 Integrated construction completed in time to celebrate a quarter-century of Pohang Iron and Steel Co., Ltd
    • 11.16 Introduced the 4-group 3-shift system
Success   1993~
Growth
Bringing the myth of Yeongilman to Gwangyang-man - a new challenge for POSCO

To fulfill the rapidly increasing domestic steel demand in a high growth economy, POSCO took on a new challenge of bringing the myth of Yeongilman to Gwangyang-man. From starting construction of Gwangyang's first plant in 1985 until its completion in 1992, the sea was filled to build a cutting edge steelworks that offered streamlined processing that ranged from iron-making and steel-making, to rolling. Meanwhile, POSTECH and RIST (Research Institute of Industrial Science & Technology) were established to meet the needs of self-developed technology for technology independence, creating a firm connection between academia and industry

    Growth 1982~1992

  • 1982

    • 04.01 Introduced a monthly pay schedule for all employees
    • 09.09 Completed the Tanoma coal mine
  • 1983

    • 05.25 Completed the second phase equipment for Pohang Steelworks Phase 4
    • 08.20 The government changed the main agent for the CTS project from Hanyang to POSCO
    • 09.10 Completed the Greenhills coal mine in Canada
    • 10.24 Opened the Gwangyang Works Phase
    • 11.14 Completed the connection of the Gwangyang Revetment
  • 1984

    • 11.30 Completed the construction of the framing of the Gwangyang Revetment
  • 1985

    • 08.17 Completed the new Pohang Iron & Steel training center
    • 10.18 Completed the renovation of the Gwangyang site
  • 1986

    • 03.21 Confirmed as the end user of stainless hot coil production
    • 04.01 Launched UPI (USS-POSCO Industries)
    • 12.03 POSTECH opened
  • 1987

    • 02.28 Completed the Pohang second Cold-rolled facilities
    • 03.03 RIST (Research Institute of Industrial Science & Technology) established
    • 04.01 Completed a new main office building in Pohang and opened POSCO TV, an in-house broadcaster
    • 05.07 Completed of the Gwangyang Works Phase 1
    • 10.01 Introduced a single rank system for all employees (abolishing the diVision between blue and white collar jobs)
  • 1988

    • 06.10 Initial public offering (First national stock)
    • 06.29 Organized a labor union
    • 07.12 Completed of the Gwangyang Works Phase 2
  • 1989

    • 03.31 Construction of Pohang stainless steel production plant No.1 and Hot-rolling plant completed
  • 1990

    • 01.01 Changed the corporate mark and logo
    • 07.31 Completed the Pohang stainless cold rolling mill and established the STS integrated production system
    • 12.04 Completed of the Gwangyang Works Phase 3
  • 1991

    • 04.20 Introduced the labor welfare fund system
  • 1992

    • 01.01 Extended the age-limit from 55 to 56 and introduced the reemployment program and the early retirement program
    • 09.24 Proclaimed the corporate philosophy
    • 10.02 Integrated construction completed in time to celebrate a quarter-century of Pohang Iron and Steel Co., Ltd
    • 11.16 Introduced the 4-group 3-shift system
Success   1993~
top
Close