POSCO DX held an extraordinary general meeting of shareholders on the 5th, and approved the transfer of stock market listing. 

POSCO DX is seeking to transfer its stock market listing to improve shareholder value through reevaluation of its corporate value. The company announced that it approved the “conditional delisting from the KOSDAQ exchange and its transfer of stock market listing” through an extraordinary general meeting of shareholders. 

The purpose of POSCO DX's transferred listing on KOSPI is to ultimately maximize shareholder value by positioning itself in the capital market as a preeminent company leading digital transformation. Industry insiders analyze that the transferred listing on KOSPI, with its relatively large transaction scale and large number of listed blue-chip companies, is likely to improve the supply and demand of institutional investors and expand the investor base. Other companies listed on KOSPI include similar major IT companies such as Samsung SDS, Hyundai AutoEver, Lotte Data Communication, and Shinsegae I&C, as well as Naver, and Kakao. 

POSCO DX has achieved sales of KRW 775.8 billion and operating profit of KRW 64.3 billion in the first half of this year, with an increase in both sales (+65%) and operating profit (+98%) compared to the same period last year, while seizing on growing business opportunities in the smart factory, factory automation, and industrial robot fields through POSCO group companies that seek to expand their business into eco-friendly future materials, including secondary batteries.