Aerial view of POSCO Future M’s Gwangyang Anode Material Plant in Jeonnam, South Korea (Image courtesy of Posco FutureM)
SEJONG, April 17 (Korea Bizwire) —POSCO FutureM, a company developing secondary battery materials as a core business for the future, has provided its core workforce with shares worth 800 million won (US$609,000). The shares were given to key employees as restricted stock units (RSUs), and the employees can dispose of them only if they fulfill the conditions of long-term service for the promised period.
This move is part of the company’s effort to retain talented employees and prevent them from leaving amidst fierce competition in the secondary battery industry. The company is also operating a one-to-one matching program for employees to purchase POSCO shares, further incentivizing long-term retention.
M. H. Lee (mhlee@koreabizwire.com)
