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POSCO ranked No. 1 in the steel industry... Fortune magazine selected 350 companies worldwide per industry including metals and electronics

POSCO was selected as the most admired steel company by the prestigious U.S. economic magazine, Fortune.

Fortune magazine hosted a survey of `2011 World`s Most Admired Companies` amongst experts including business leaders worldwide on March 7th, and selected and announced 350 companies by industry including metals, aviation, chemicals, electronics, etc.

Fortune magazine evaluated 667 companies from 32 countries worldwide, based on 9 categories including innovation, financial health, social responsibility and managing ability, and POSCO received a score of 7.21.

In addition to POSCO, Korea Gas Corporation (KOGAS) received a score of 6.80, followed by SK Holdings(6.78), Samsung Electronics(6.16) and Hyundai Automotive Group(4.68).

POSCO especially was ranked first in 5 out of 9 categories (innovation, HR management, managing ability, financial health and long-term investment) of evaluation in the metals field, as well as second in 3 categories (corporate asset utilization, social responsibility and product & services).

Accordingly, POSCO climbed the ranks from the fifth place last year to the first place this year. The world`s largest steel company ArcelorMittal(6.96) was ranked No. 2, ThyssenKrupp(6.94) No. 3, Alcor(63.1) No. 4, and Nippon Steel Corp.(6.69) No. 5.

In electronics, Samsung Electronics was ranked No. 2 following GE, while Hyundai Automobile was ranked No. 4 behind BMW, Volkswagen, and Daimler. KOGAS was ranked No. 4 in the energy field behind RWA, Plains All American Pipeline and Edison.

In addition, Apple was selected the world`s most admired company as a result of selecting the `Top 50` by entrepreneurs and analysts with candidates being top 20% companies of each industry and top 25% companies from last year`s ranking. This marks Apple`s fourth consecutive year of being No. 1.

Second was the world`s largest search engine company Google, followed by Warren Buffet`s Berkshire Hathaway, Southwest Airlines known for their `fun management,` and consumer products maker P&G. Coca-Cola, Amazon.com, FedEx, and Microsoft were also ranked in the top 10 while Samsung Electronics was the only Korean company included in the list ranking 38th.

Meanwhile, Fortune magazine has been selecting and announcing the World`s Most Admired Companies each year since 1997. POSCO has been ranked among this list since 1999, receiving high scores continuously for its innovation, sustainable growth and social responsibility.

Sangwook Oh sangwook@posco.com
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Most Admired Steel Companies
Rank Company Name Score
1 POSCO 7.21
2 ArcelorMittal 6.96
3 ThyssenKrupp 6.94
4 Alcor 6.91
5 Nippon Steel Corporation 6.69
6 Tata Steel 6.58
7 Baogang Group 6.38
8 JFE Holdings 6.36
9 Aluminum Corporation of China Ltd. 6.01
10 China Minmetals Corporation 5.96

(FORTUNE)
One of the 3 major U.S. business magazines alongside <Forbes> and <Business Week> with a vast reader base of entrepreneurs, economists, opinion leaders, etc., having great influence not only on the U.S. economy but also on the world economy.