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SEOUL, June 23 (Yonhap) -- POSCO has selected Choi Jeong-woo, the head of its affiliate Posco ChemTech, as its candidate for the position of new chairman to lead the world's fifth-biggest steelmaker, an official said Saturday.
The steelmaker's board of directors made the decision earlier in the day, POSCO spokesman Kang Min-suk said.
Choi is subject to approval at an extraordinary shareholders' meeting and a meeting of its board of directors on July 27 before taking the top post at POSCO.
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