April 18, 2018 / 1:48 AM / 3 months ago

CEO of S.Korea's steelmaker POSCO offers to resign

SEOUL, April 18 (Reuters) - South Korean steelmaker POSCO said its CEO offered to resign at an emergency board meeting on Wednesday as he is keen for a younger person to lead the firm.

Kwon Oh-joon, 69, will stay in his post until the company appoints a new chief, a company spokesman said on Wednesday.

Kwon’s term was set to end March 2020 after he was re-appointed as the chief executive of the country’s top steelmaker March last year.

Reporting by Jane Chung and Hyunjoo Jin; Additional reporting by Dahee Kim; Editing by Edwina Gibbs

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