POSCO consolidated revenue 2014-2022

In 2022, the consolidated revenue of the South Korean steel works company, POSCO, amounted to approximately 84.75 trillion South Korean won. This was an increase in revenue compared to the previous year. POSCO is an abbreviation of Pohang Iron and Steel Co., Ltd., and was originally established by the South Korean government, although it is no longer government owned.

How has POSCO performed in recent years?

POSCO recorded a healthy operating profit from its business activities in the past year. The net profit of POSCO stood at around 3.56 trillion South Korean won in 2022, which was a positive indicator of the company’s financial performance, as a net loss was recorded in 2015, even with a higher operating profit recorded that year. As a global conglomerate, the company operated in a variety of business fields apart from its main steel mill operations.

Who are POSCO’s domestic competitors?

POSCO is the premier steel company in South Korea, followed by Hyundai Steel and Dongkuk Steel. Hyundai Steel is a subsidiary of Hyundai Motor Group, which is the parent company of automobile OEMs Hyundai Motors and Kia Motors. Although Dongkuk Steel’s revenue does not quite compare to that of POSCO and Hyundai Steel, it is still the third largest steel producer in South Korea and is also a conglomerate company.