POSCO Holdings, Incineration of 6% of treasury stocks for 3 years...6% to 8% sales growth"

POSCO Holdings has announced its plan to continue investing in the steel and secondary batteries sectors to achieve sales growth of 6-8% and a return on invested capital of up to 9% over the next three years.

It will also increase shareholder value by incinerating 6% of its own shares for three years starting this year and paying at least 2.3 trillion won in cash dividends.

POSCO Holdings announced its "Plan to Improve Corporate Value" in a public announcement.

First of all, in order to achieve sales growth, steel will expand investment around high-growth and high-yield areas, and in the secondary battery business, we will preemptively secure superior resources to innovate product technology.

It also added that it plans to enhance corporate value based on profitability as well as restructuring its business structure to improve the return on invested capital.

Earlier this year, POSCO Holdings had already incinerated 2% of its existing treasury stocks and purchased new treasury stocks worth 100 billion won and incinerated them.