POSCO Holdings Inc. (NYSE:PKX) Q2 2023 Earnings Call Transcript

Kim Seung-Jun: Yes. My name is Kim Seung-Jun, I’m the Head of the Finance team. So about CapEx, you asked a question about that. So first and foremost, so what we have, we have holdings has about 4 trillion and POSCO about 9 trillion. So in total we have about 13 trillion in reserve. So we do not think that we need to rely on borrowings or any other sourcing for now. But then going forward, when the time comes, yes. So liability, we plan to take out more liability, that is the first priority. But then we have to make sure that our credit ratings does not slip. And at the same time, we may use our shares, but that’s the next step in the far future.

Sean Jou : That would be all for me. Thank you.

Jeong Ki-Seop: Are there any other questions?

Operator: There are no further questions. [Operator Instructions].

Jeong Ki-Seop: Well then, with that, we would like to wrap up the Q&A. Thank you everyone for your participation today. So we will keep in mind all the questions and the comments that you have made so that we can open up a better future for POSCO. So with that, I would like to wrap up and close the second quarter earnings call release of POSCO Holdings. Thank you very much.