POSCO Holdings. (Photo=Yonhap News)

 

[Alpha Biz=(Chicago) Reporter Paul Lee] POSCO Holdings' foreign stock ownership rate has decreased by half in the past year.

According to a survey by Climate Solution (SFOC), a non-profit corporation established to resolve the climate crisis, at least 15 European institutional investors excluded POSCO Holdings and its subsidiaries from investment due to climate-related concerns from two years ago to last year.

According to the Korea Exchange, the foreign stake of POSCO Holdings, the holding company of POSCO Group, stood at 27.9% as of the 15th. This is about 22% point (p) lower than a year ago (49.79%).

POSCO Holdings' foreign stake, which usually remained in the 50-60% range, fell below the 50% mark for the first time in March last year, and the trend of departure has grown.

POSCO Holdings is the only listed company among the top 10 stocks in market capitalization in the securities market that saw its foreign investor stake plunge by more than 20 percentage points during the period.

With the appointment of POSCO Holdings' new CEO and board of directors at a shareholders' meeting on the 21st, the SFOC called on the company to review its business model in line with the de-carbon economy and set a carbon-neutral roadmap.

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