On December 27th,POSCO and investing companies delivered year end charity donations of 10 billion KRW,and a 1%Sharing Donation consisting of 1%of wages of employees at the senior manager level and above to the Community Chest of Korea

Of the KRW 10 billion in year end charity donations,KRW 8 billion was provided by POSCO while KRW 2 billion provided by investing companies.Daewoo International and POSCO Energy each donated KRW 500 million while POSCO E&C,POSCO ICT,POSCO Specialty Steel,POSCO MTECH,and POSCO COMTECH each donated KRW 200 KRW.

CR Division Head Ms Kim Eunkyu said that"In a multicultural era,we are participating in solving major social issues through activities that help wedded immigrants and their second generations settle in Korea,and operating social companies to create jobs for vulnerable classes.As`sharing`is now settled in as a corporate culture of POSCO,employees are proactively participating in volunteering and donations by participating in 36 hours of volunteering each year and donating 1%of their wages."

POSCO and investing companies have been gathering KRW 10 billion in donations each year since 2007 to help neighbors in need,and operate the POSCO Family Volunteer Corps in Pohang,Gwangyang,Seoul,and Incheon to carry out various volunteer activities needed by each regional society.

Meanwhile,960 employees and officers of POSCO and investing companies have been donating 1%of their wages since last November.The 1.3 billion KRW in donations gathered this year were used to build the`Happy Steel House,`a facility to protect elders in the Gyeongbuk Pohang region,and operate bi-lingual language teacher training programs for wedded immigrants and bi-lingual specialized programs for multi-cultural family children,and will also be used to build welfare facilities in the Gwangyang region next year.