Posco chief named vice chairman of World Steel

Posco Chairman Kwon Oh-joon was appointed the vice chairman of the World Steel Association, which represents the interests of 160 steelmakers around the world, at the organization’s annual board meeting held in Brussels, officials in Seoul said Wednesday.

Kwon is the fourth Posco chairman named to serve the post. According to the organization’s protocol, Kwon will become the chairman next year and spend another year as the vice chairman in his third year. 

Nippon Steel & Sumitomo Metal Corp. President Kosei Shindo was appointed chairman of World Steel, officials said.

The South Korean steelmaker also received the Innovation of the Year award from the World Steel Association for integrating artificial intelligence technology to improve automation of steelmaking plants, they said.

By Cho Chung-un (christory@heraldcorp.com)