[The Chosun Ilbo, January 31 2008] POSCO to Expand Role in Auto Development

In a bid to increase the sale of its steel sheet for cars, a high value-added product, POSCO is looking to expand a joint program with global automakers to include cooperating in the development of new cars.

The Korean steelmaker hosted its first Early Vendor Involvement (EVI) forum at the Shilla Hotel in Seoul on Wednesday, welcoming about 300 executives from some 100 automakers and auto parts makers from around the world. Under EVI, POSCO and automakers would work closely together to develop steel sheet for cars as new cars are developed.