OREANDA-NEWS. January 15, 2015. The inauguration of President Kwon Oh-joon was selected for the `2014 in Review, 10 POSCO keywords` jointly planned by the POSCO newspaper and PBN.

In 2014, POSCO has worked hard to actualize its new management vision of `POSCO the Great`, led by the president Kwon Oh-jooh, inaugurated as the 8th CEO of POSCO.

President Kwon Oh-joon established the `Innovative POSCO 1.0 Task Force` and set out four innovative agendas: - strengthening original competitiveness, -promoting future growth engines through selection and concentration, -efficiency of business structure and improvement of financial structure, and -management infrastructure reform. By establishing these four innovative agendas as soon as he was selected as candidate for the POSCO presidency on January 29th, Kwon signaled the clear imperative for the steelmaker to maintain its competitive advantage in the global steel market. Following his inauguration of president on March 14th, Kwon has achieved remarkable outcomes by focusing his efforts on reconstructing `POSCO the Great` in tandem with clearly-defined innovative agendas.

Here, we look back on the path POSCO has followed in 2014 through the `2014 in Review, 10 POSCO keywords` feature that selects the most cogent terms for the year, which has broadly been defined by change.

The following ten keywords were selected: -the inauguration of president Kwon Oh-joon – the proclamation of the recreation of POSCO the Great, -the acceleration in support for customer success with the integration of solution marketing-technologies and marketing, -leadership of the creative economy through coexistence, shared growth and promotion of venture capital, -the strengthening of POSCO`s global status – ranked the most competitive steel company in the world for five years running, -the improvement to the Group`s financial structure with competitiveness enhanced through efficiency gains, - the gains in future competitiveness by dominating the global market with technologies such as FINEX and lithium, -the accelerating growth of overseas corporations by robust management performance, particularly in Southeast Asia and the Americas, -the shift to a project-centered way of working, with project-defined scope for communications and team-based learning, -the implementation of a safety-first workplace for a company where employees are happy and management`s foremost priority is safety, and -the GWP campaign encompassing efforts by the Labor and Management Council to lead the creation of an employee-led working culture.

You can check the main news from other group companies as well as POSCO at a glance.

The following news was selected as the most prominent news of 2014. -Daewoo International forecasts 250 billion KRW in annual profit from the Myanmar gas field , -POSCO Engineering & Construction completes construction of the tallest skyscraper in Korea, the Northeast Asia Trade Tower, -POSCO Energy establishes POSPOWER, -POSCO CHEMTECH undertakes the additional establishment of a production line with an 1,800-ton capacity to handle anode materials for use in secondary batteries, -POSCO P&S supplies steel structures to the combined cycle power plant in the Ivory Coast, Africa, -POSCO C&C completes a manufacturing plant of the first color steel sheet in Myanmar, -the first sailing out of the electric-powered SNNC-2, -Suncheon Eco Trans opens SkyCube, the first Personal Rapid Transit (PRT) in Korea.