POSCO, a South Korean steel giant, confronts its first-ever strike threat in 58 years. The union demands a 7.1% pay rise & better conditions, costing KRW 1.4 trillion. Management, citing cheap Chinese steel imports & global protectionism, says this is unaffordable. A 48-hour walkout is planned for September 9 if talks fail. The company has activated emergency plans to limit disruption. This historic dispute highlights pressures on the steel industry.