- Executive with engineering background, known as an ICT industry expert
- Plans to focus on establishing and promoting growth driver with future business
 

Mr. Choi Doo Hwan, former head of the KT Advanced Institute of Technology, has been appointed new president of POSCO ICT.

Mr. Choi earned his PhD degree at the University of Texas (Austin) in 1984 after majoring in Electrical and Computer Engineering at Seoul National University. He worked as a Distinguished Member at AT&T Bell Labs in the US until he set up in 1998 NeoWave, a venture company that he got listed in KOSDAQ. He worked as chief of KT's New Business Office and Advanced Institute of Technology in 2007. The Korean government also recognized his capabilities and made him chair of the Operation Advisory Committee of Fund of Funds, which was established last year to promote venture investment.

President Choi is known as a "technology-based executive" with proven capabilities and background as an engineer in the industry. The general consensus is that his extensive expertise and experiences in technologies as well as the industry make him the best candidate for the position. He is expected to focus on the business of integrating diverse technologies and intellectual properties as well as base ICT technologies owned by all POSCO companies including POSCO itself.

"POSCO ICT has so far differentiated its services and products from competitors by linking IT and engineering, and such enabled the company to reap substantial fruit in the convergence business. I will now focus on developing and promoting new businesses as the future growth driver to realize sustainable growth," the new president vowed.

POSCO ICT will convene this coming 14th the board of directors and temporary stockholders' meeting, which will provide official authorization for the appointment of a new president.