POSCO International earns top AAA rating for customs compliance
POSCO International, the trading and energy arm of steelmaker POSCO Group, has secured the highest rating under the country’s Authorized Economic Operator (AEO) program — a top-tier certification set to streamline customs clearance and bolster its global supply chain network. The company said Wednesday it received the AAA certification at a ceremony held at Incheon Customs, following years of…
POSCO International, the trading and energy subsidiary of POSCO Group, has achieved the highest AAA rating under South Korea's Authorized Economic Operator (AEO) program. This prestigious certification, which aims to simplify customs clearance and enhance POSCO International's global supply chain, was presented to the company at a recent ceremony in Incheon Customs.
The AEO program, governed by World Customs Organization standards, assesses companies based on various factors, including regulatory compliance, internal controls, financial stability, and security management. These factors are rated on a scale of A, AA, or AAA. POSCO International's journey to this top-tier certification began in 2013 when it received an A rating. The company further elevated its standing to AA in 2022, demonstrating its ongoing commitment to refining trade processes and internal oversight.
With approximately 40,000 import and export customs declarations processed annually, the AAA rating is expected to significantly improve logistics efficiency and reduce operating costs for POSCO International. Under this highest level of accreditation, the company is positioned to experience fewer delays during customs procedures, ultimately streamlining its operations and bolstering its position in the global market.
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- POSCO International earns top AAA rating for customs compliance koreatimes.co.kr
