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    Park KwangRae

    Research Analyst at Shinhan Investment Securities

    Park Kwang-rae is a Research Analyst at Shinhan Investment & Securities, specializing in equity analysis and covering major Korean companies such as SK Hynix, Hyundai Motor, Korea Electric Power Corp (KEPCO), and KB Financial Group. He has provided actionable stock price forecasts and market insights, notably revising target prices and highlighting drivers like earnings surprises and regulatory impacts; his calls have influenced market participants and appeared in top-tier financial media. Park has covered the Korean equity market since at least 2022 and focuses on both large-cap technology and utility stocks, regularly participating in company earnings calls and delivering public market commentary. His professional credentials and securities licensing details have not been publicly disclosed.

    Park KwangRae's questions to POSCO HOLDINGS (PKX) leadership

    Park KwangRae's questions to POSCO HOLDINGS (PKX) leadership • Q2 2024

    Question

    Asked for the sales and profit outlook for the steel business in the second half of the year and questioned whether the restructuring of noncore assets could lead to short-term losses and volatility.

    Answer

    POSCO projects higher steel sales volume in H2 due to facility normalization, which should improve margins despite falling prices in Q3, as raw material costs are expected to fall further. They acknowledged that restructuring noncore assets could cause temporary losses, but these will be spread over several years and are expected to be covered by cash generation and improved consolidated earnings, minimizing the impact on any single year.

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