POSCO International earns top AAA rating for customs compliance

POSCO International, a subsidiary of POSCO Group responsible for trading and energy, has achieved the highest AAA rating within South Korea's Authorized Economic Operator (AEO) program. This prestigious certification is designed to facilitate customs clearance and strengthen the company's international supply chain operations. The company announced the attainment of the AAA rating during a ceremony at Incheon Customs.

The AEO program, established according to World Customs Organization guidelines, assesses businesses based on their regulatory compliance, internal controls, financial stability, and security management. Ratings of A, AA, or AAA are assigned accordingly. POSCO International first earned an A rating in 2013 and subsequently upgraded to AA in 2022. After implementing various improvements to its import and export management systems, the company successfully attained the top AAA rating this year.

With over 40,000 import and export customs declarations processed annually, the faster clearance procedures offered by the AAA rating have the potential to significantly enhance logistics efficiency and reduce operating costs for the company. Holding the AAA rating signifies that POSCO International demonstrates an exceptional level of compliance, risk management, and operational control, positioning the company as a reliable and trusted partner in the global market.