SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15D-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of January, 2004
Commission File Number: 1-13368
POSCO
(Translation of registrant's name into English)
POSCO Center, 892 Daechi 4-dong, Kangnam-gu, Seoul, Korea, 135-777
(Address of principal executive office)
(Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.)
Form 20-F [ x ] Form 40-F [ ]
--- ---
[Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes [ ] No [ x ]
--- ---
[If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b): 82- .]
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POSCO is furnishing under cover of Form 6-K :
Exhibit 99.1: An English-language translation of documents with respect to
resolution of the Board of Directors Regarding the Annual General
Meeting of Shareholders.
Exhibit 99.2: An English-language translation of documents with respect to the
Increase of Sales exceeding 5% or more Compared with that of the
Latest Fiscal Year
Exhibit 99.3: An English-language translation of documents with respect to the
Increase of Ordinary Income exceeding 15% or more Compared with
that of the Latest Fiscal Year.
Exhibit 99.4: An English-language translation of documents with respect to the
Increase of Net Income exceeding 15% or more Compared with that of
the Latest Fiscal Year.
Exhibit 99.5: An English-language translation of documents with respect to the
Increase of Dividend Payment exceeding 10% or more Compared with
that of the Latest Fiscal Year.
Exhibit 99.6: An English-language translation of documents with respect to the
Outlook for The Performance in 2004 of POSCO.
Exhibit 99.7: An English-language translation of documents with respect to the
Investment Approval for No.1 PCM and 6 CGL Project
EXHIBIT 99.1
RESOLUTION OF THE BOARD OF DIRECTORS REGARDING THE ANNUAL GENERAL MEETING OF
SHAREHOLDERS
Please be advised that the BOD of POSCO adopted a resolution of the Board of
Directors Regarding the Annual General Meeting of Shareholders.
1. Resolution Date: January 14, 2004
2. Proposed General Meeting Date: 9:00 (AM), March 12, 2004
3. Proposed General Meeting Place:
POSCO Center, Art Hall
892 Daechi4-Dong, Gangnam-Gu, Seoul, Korea (135-777)
4. Agenda to be approved proposals
(1) Approval Balance Sheet, Income Statements and Appropriation of
Retained Earnings for the 36th Fiscal Year
(from Jan. 1, 2003 to Dec. 31, 2003)
(2) Amendments to the Articles of Incorporation
2-1 Item : Introduction of Cumulative Voting
- Collective amendment to the order of previous articles
with regard to the elimination and establishment of
articles
2-2 Item : Improvements to Corporate Governance
EXHIBIT 99.2
INCREASE OF SALES EXCEEDING 5% OR MORE COMPARED WITH THAT OF THE LATEST FISCAL
YEAR
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Items 2003 2002
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Increasing Sales Amount (KRW) 2,630,734,375,141
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- Ratio of Sales Increase(%) 22.4
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- Total Sales Amount(KRW) 14,359,329,407,460 11,728,595,032,319
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Reason : Sales volume increasing due to the high product price
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EXHIBIT 99.3
INCREASE OF ORDINARY INCOME EXCEEDING 15% OR MORE COMPARED WITH THAT OF THE
LATEST FISCAL YEAR
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Items 2003 2002
-----------------------------------------------------------------------------------------------------------------------
Increasing Ordinary Income Amount (KRW) 1,198,418,815,870
-----------------------------------------------------------------------------------------------------------------------
- Ratio of Ordinary Income Increase(%) 81.8
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- Total Ordinary Income Amount(KRW) 2,663,862,767,914 1,465,443,952,044
-----------------------------------------------------------------------------------------------------------------------
Reason : Operating income increasing due to the low financial expenditure
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EXHIBIT 99.4
INCREASE OF NET INCOME EXCEEDING 15% OR MORE COMPARED WITH THAT OF THE LATEST
FISCAL YEAR
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Items 2003 2002
-----------------------------------------------------------------------------------------------------------------------
Increasing Net Income Amount (KRW) 879,246,727,499
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- Ratio of Net Income Increase(%) 79.8
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- Total Net Income Amount(KRW) 1,980,572,153,105 1,101,325,425,606
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Reason : Operating income increasing due to the low financial expenditure
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EXHIBIT 99.5
INCREASE OF DIVIDENDS PAYMENT EXCEEDING 10% OR MORE COMPARED WITH THAT OF THE
LATEST FISCAL YEAR
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Items 2003 2002
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1. Annual Dividend per Share(KRW) 6,000 3,500
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- Ratio of Dividend Increase(%) 71.4
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- Year-End Dividend(KRW) 5,000 3,000
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- Interim Dividend(KRW) 1,000 500
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2. Total Dividend(KRW) 485,188,244,000 286,057,494,500
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Total Number of Outstanding Shares 88,966,155 90,781,795
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3. Dividend Payout Ratio(%) 24.5 26.0
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4. Dividend Ratio to Market Value(%) 3.8 2.8
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5. Date of Board Resolution January 14, 2004
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6. Standard Price of Dividend Ratio
to Market Value(KRW) 156,875 126,625
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EXHIBIT 99.6
OUTLOOK FOR THE PERFORMANCE IN 2004 (POSCO)
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EXCHANGE RATE
('04/E) ITEMS UNIT 2004
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Sales KRW BN 16,875
-----------------------------------------------------------------------
KRW1,150/U$ Operating Profit KRW BN 3,179
KRW106/Yen -----------------------------------------------------------------------
Investment KRW BN 2,800
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The figures are based on unaudited financial statements. Certain numbers may be
presented differently once audited and the company takes no responsibility and
accepts no liability for such changes.
All figures in the above table are based on non-consolidated financial
statements.
EXHIBIT 99.7
Investment Approval for No.1 PCM and 6 CGL Project
POSCO hereby resolve to proceed to expand No.1 PCM(Pickling and Tandem Cold
rolling Mill) and to construct No. 6 CGL(Continuous Galvanizing Line) within
Kwangyang Works.
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Items NO.1 PCM NO.6 CGL
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Production Capacity Full Hard 400,000 Metric tons
500,000 Metric tons per year
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Total Investment KRW 136.8 Billion KRW 189.9 Billion
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Construction Period '05.3~'06.4 '04.11~'06.6
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
(Registrant)
Date January 14, 2004 By /s/ Sohn , Yong-Ho
----------------------------- ---------------------------------
(Signature)*
*Print the name and title under the Name: Sohn, Yong-Ho
signature of the signing officer. Title: General Manager of Finance
Management Department