POSRI explained

POSCO Research Institute (POSRI)
Foundation:	28, Feb, 1985
Location:	Seoul, South Korea
Key People:	Choi Jong-Tae (Chief Executive Officer)
Industry:	R&D
Revenue:	US$ 27.04 million (2011)^[1]
Operating Income:	US$ 0.21 million (2011)
Net Income:	US$ 0.13 million (2011)
Homepage:	http://www.posri.re.kr/eng/

POSCO Research Institute (POSRI) is a private research institute which provides research-based consulting services for the steel industry. POSRI conducts analysis of the current economic and managerial issues, as well as researches the forward and backward related industries to the steel industry, including energy and environment industries.^[2]

Today, POSRI works for steel industry, regional and economic study, corporate strategy and management consulting.^[3]

History

POSRI, one of the POSCO subsidiaries, was established as POSCO-MERC(Management & Engineering Research Center) within POSCO technology research institute. It was spun off from POSCO technology research institute at 1987 and consist Research Institute of Industrial Science & Technology(RIST). At 1994, it was spun off from RIST and founded as named POSCO Research Institute.

POSRI has held seminars, forums, symposiums, workshops and conferences.^[4]

• Selected event
  • Joint Symposium: Era: Corporate Success Factors> with Harvard University
  • Joint Seminar: WTO System> with the Rand Corporation
  • Joint Seminar: <APEC after the Bogor Summit: Paving the Road to Open Regionalism> with the Institute for International Economics
  • Business Forum: with KOTRA and Economic Times
  • Joint Seminar: with the Rand Corporation
  • Joint Seminar: South Korea-Mongolia Partnership (participated by Presidents and government officials)

Operations

Steel Industry Research

Research for domestic steel industry, Steel marketing and investment strategies, Research for raw material prices, forecast on price and demand-supply of raw materials, Research on the environment and sustainable management.^[5]

Regional Studies & Economic Research

Research on emerging markets, including China and India, Mornitoring economic trends and in-depth analysis on issue, Analysis on domestic and overseas policy issues and response strategies.

Corporate Strategy Research

Research on POSCO's vision and long-term strategy and Industry/Business strategy of POSCO subsidiaries, Research on energy, green growth and new business, Research on non-feerous materials .

Management Consulting

Management diagnosis, corporate governance, labor relations, labor management, human resource management and policy development, consultation on corporate innovation & change management.

Selected articles

• Jae-heon Jung,An Efficient Heuristic Algorithm for a Two-Echelon Joint Inventory and Routing Problem. Transportation Science. 41. 55–73. 10.1287/trsc.1060.0160. 2007. Jung. Jaeheon. Mathur. Kamlesh.
• Byung-Wook Lee, Seung-Tae Jung, Yun-Ok Chun, Environmental Accounting in Korea: Cases and Policy Recommendations . Eco-Efficiency in Industry and Science. 9 . 10.1007/0-306-48022-0_13. 175–186. 2004 . Lee . Byung-Wook . Jung . Seung-Tae . Chun . Yun-Ok . 978-1-4020-0552-7 .
• Kyung-Hee Jung, Sang-Kyu Lee, New paradigm of steel mills in the supply chain of automotive sheets. Supply Chain Management. 11. 4. 328–336. 10.1108/13598540610671770. 2006. Jung. Kyung‐Hee. Lee. Sang‐Kyu.
• Kyung-Hee Jung, Determination of the installation site and optimal capacity of the battery energy storage system for load leveling. IEEE Transactions on Energy Conversion. 11. 162–167. Energy Conversion. 10.1109/60.486591. 1996. Kyung-Hee Jung. Hoyong Kim. Daeseok Rho. 1 . 1996ITEnC..11..162J .
• Kwang-Sook Huh, Steel consumption and economic growth in Korea: Long-term and short-term evidence. Resources Policy. 10.1016/j.resourpol.2011.01.005. 36. 2. 107–113. 2011. Huh. Kwang-Sook. 154380898 .
• Jeong-Ho Park, Yoon-gih Ahn, Strategic environmental management of Korean construction industry in the context of typology models. Journal of Cleaner Production. 10.1016/j.jclepro.2011.10.032. 23. 158–166. 2012. Park. Jeong-ho. Ahn. Yoon-gih.

External links

• Company website (in Korean)
• Company website (in English)

Notes and References

1. Web site: DART. 21 March 2012.
2. Web site: Overview. 11 April 2012. Bloomberg Businessweek.
3. Web site: Organization. 11 April 2012. Posco Research Institute.
4. Web site: History. 11 April 2012. POSCO Research Institute.
5. Web site: Organization&Operation. 13 April 2012. POSCO Research Institute.