According to the Korean Herald, POSCO Holdings, the parent company of South Korea's Pohang Group, announced plans to divest its stake in Nippon Steel. Prior to this, Nippon Steel decided in September 2024 to sell its stake in POSCO Holdings worth approximately KRW 1.1 trillion to provide funding for the acquisition of US Steel.

This decision is the result of mutual consultation and marks the end of the 25 year cross shareholding relationship between the two companies.

In its business report, Pohang Iron and Steel classified its holdings of 467 billion Korean won (321 million US dollars) worth of Nippon Steel as held for sale assets, but the company has not yet determined the timing and method of sale.

According to South Korean media reports, the sale of shares in this Japanese steel company is part of POSCO's broader corporate restructuring strategy aimed at stabilizing its financial structure and ensuring future growth. As of the end of last year, the company had obtained 662.5 billion Korean won in cash through the sale of 45 assets. By 2025, POSCO plans to further restructure 61 companies and raise an additional 1.5 trillion Korean won.