Exhibit 8.1

LIST OF CONSOLIDATED SUBSIDIARIES



|                                                                                                                                           |  |                                    
|------------------------------------------------------------------------------------------------------------------------------------------ |  | -----------------------------------
|NAME                                                                                                                                       |  | JURISDICTION OF  INCORPORATION     
|POSCO E&C Co., Ltd.                                                                                                                        |  | Korea                              
|POSCO P&S Co., Ltd.                                                                                                                        |  | Korea                              
|POSCO Coated & Color Steel Co., Ltd.                                                                                                       |  | Korea                              
|POSCO Plant Engineering Co., Ltd.                                                                                                          |  | Korea                              
|POSCO ICT Co., Ltd.                                                                                                                        |  | Korea                              
|POSCO Research Institute                                                                                                                   |  | Korea                              
|Seung Kwang Co., Ltd.                                                                                                                      |  | Korea                              
|POSCO A&C Co., Ltd.                                                                                                                        |  | Korea                              
|POSCO Specialty Steel Co., Ltd.                                                                                                            |  | Korea                              
|POSTECH Venture Capital Corp.                                                                                                              |  | Korea                              
|eNtoB Corporation                                                                                                                          |  | Korea                              
|POSCO Chemtech Company Ltd.                                                                                                                |  | Korea                              
|POSCO Terminal Co., Ltd.                                                                                                                   |  | Korea                              
|                                                                                                                                           | 
|POSCO M-TECH Co., Ltd.                                                                                                                     |  | Korea                              
|POSCO Energy Co., Ltd.                                                                                                                     |  | Korea                              
|Postech 2006 Energy Fund                                                                                                                   |  | Korea                              
|PHP Co., Ltd.                                                                                                                              |  | Korea                              
|POSCO TMC Co., Ltd.                                                                                                                        |  | Korea                              
|PNR Co., Ltd.                                                                                                                              |  | Korea                              
|Megaasset Co., Ltd.                                                                                                                        |  | Korea                              
|POSCO Engineering Company                                                                                                                  |  | Korea                              
|Pohang FuelCell Co., Ltd.
Pohang SFPC Co., Ltd.
POSWITH Co., Ltd.
BASYS INDUSTRY Co., Ltd.
POSTECH BD Newundertaking Fund
POSBRO Co., Ltd. |  | Korea Korea Korea Korea Korea Korea
|                                                                                                                                           | 
|POSCO AST Co., Ltd.                                                                                                                        |  | Korea                              
|DaiMyung TMS Co., Ltd.                                                                                                                     |  | Korea                              
|POS-HiMetal Co., Ltd.                                                                                                                      |  | Korea                              
|POSCO E&E Co., Ltd.
POSMIC Co., Ltd. POSFINE Co., Ltd. POS ECO HOUSING Co., Ltd.
Mapo high broad parking Co., Ltd.
DAKOS Co., Ltd.         |  | Korea Korea Korea Korea Korea Korea
|Gwangyang SPFC Co., Ltd.
POSCALCIUM Company, Ltd.
Plant Engineering Service Technology Co., Ltd.                                           |  | Korea Korea Korea                  
|9Digit Co., Ltd.
Postech Early Stage Fund
Busan E&C Co., Ltd.
POSCO Family Strategy Fund
POREKA Co., Ltd. SONGDO SE Co., Ltd.              |  | Korea Korea Korea Korea Korea Korea



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|                                                                                                                                                                                                       |  |                                                
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |  | -----------------------------------------------
|NAME                                                                                                                                                                                                   |  | JURISDICTION OF  INCORPORATION                 
|Posgreen Co., Ltd.                                                                                                                                                                                     |  | Korea                                          
|Daewoo International Corporation                                                                                                                                                                       |  | Korea                                          
|POSCO LED Co., Ltd.
Gunsan SFPC Co., Ltd.                                                                                                                                                              |  | Korea Korea                                    
|POSCO NST Co., Ltd.                                                                                                                                                                                    |  | Korea                                          
|Pohang Scrap Recycling Center Co., Ltd.
PSC energy global Co., Ltd.
Suncheon Ecotrans Co., Ltd.
Shinan Energy Co., Ltd.
Reco Metal Co., Ltd.
New Altec Co., Ltd.
PONUTech Co., Ltd.
Blue O&M Co., Ltd. |  | Korea Korea Korea Korea Korea Korea Korea Korea
|                                                                                                                                                                                                       | 
|POSCO America Corporation                                                                                                                                                                              |  | USA                                            
|POSCO Australia Pty. Ltd.                                                                                                                                                                              |  | Australia                                      
|POSCO Canada Ltd.                                                                                                                                                                                      |  | Canada                                         
|POSCAN Elkview Coal Ltd.                                                                                                                                                                               |  | Canada                                         
|POSCO Asia Co., Ltd.                                                                                                                                                                                   |  | China                                          
|Dalian POSCO Steel Co., Ltd.                                                                                                                                                                           |  | China                                          
|POSCO-CTPC Co., Ltd.                                                                                                                                                                                   |  | China                                          
|POSCO-JKPC Co., Ltd.                                                                                                                                                                                   |  | Japan                                          
|International Business Center Corporation                                                                                                                                                              |  | Vietnam                                        
|POSCO E&C Vietnam Co., Ltd.                                                                                                                                                                            |  | Vietnam                                        
|Zhangjiagang Pohang Stainless Steel Co., Ltd.                                                                                                                                                          |  | China                                          
|Guangdong Pohang Coated Steel Co., Ltd.                                                                                                                                                                |  | China                                          
|POSCO (Thailand) Co., Ltd.                                                                                                                                                                             |  | Thailand                                       
|Myanmar-POSCO Steel Co., Ltd.                                                                                                                                                                          |  | Myanmar                                        
|POSCO-JOPC Co., Ltd.                                                                                                                                                                                   |  | Japan                                          
|POSCO Investment Co., Ltd.                                                                                                                                                                             |  | China                                          
|POSCO-MKPC SDN. BHD.                                                                                                                                                                                   |  | Malaysia                                       
|Qingdao Pohang Stainless Steel Co., Ltd.                                                                                                                                                               |  | China                                          
|POSCO (Suzhou) Automotive Processing Center Co., Ltd.                                                                                                                                                  |  | China                                          
|POSCO Bio Ventures L.P.
PT. POSNESIA                                                                                                                                                                   |  | USA Indonesia                                  
|POSCO E&C-Hawaii Inc.                                                                                                                                                                                  |  | USA                                            
|POS-Qingdao Coil Center Co., Ltd.                                                                                                                                                                      |  | China                                          
|POS-Ore Pty. Ltd.                                                                                                                                                                                      |  | Australia                                      
|POSCO-China Holding Corp.                                                                                                                                                                              |  | China                                          
|POSCO-Japan Co., Ltd.                                                                                                                                                                                  |  | Japan                                          
|POS-CD Pty. Ltd.                                                                                                                                                                                       |  | Australia                                      
|POS-GC Pty. Ltd.                                                                                                                                                                                       |  | Australia                                      
|POSCO-India Private Ltd.                                                                                                                                                                               |  | India                                          
|POS-India Pune Steel Processing Centre Pvt. Ltd.                                                                                                                                                       |  | India                                          
|POSCO-JNPC Co., Ltd.                                                                                                                                                                                   |  | Japan                                          
|POSCO-Foshan Steel Processing Center Co., Ltd.                                                                                                                                                         |  | China                                          
|POSCO E&C (China) Co., Ltd.                                                                                                                                                                            |  | China                                          
|POS-MPC S.A. de C.V.                                                                                                                                                                                   |  | Mexico                                         
|Zhangjigang Pohang Port Co., Ltd.                                                                                                                                                                      |  | China                                          
|Qingdao Pusin Steel Material Co., Ltd.                                                                                                                                                                 |  | China                                          
|POSCO-Vietnam Co., Ltd.                                                                                                                                                                                |  | Vietnam                                        
|POSCO-Mexico Co., Ltd.                                                                                                                                                                                 |  | Mexico                                         
|POSCO-India Delhi Steel Processing Centre Pvt. Ltd.                                                                                                                                                    |  | India                                          
|POSCO-Poland Wroclaw Steel Processing Center Co., Ltd.                                                                                                                                                 |  | Poland                                         
|POS-NP Pty. Ltd.                                                                                                                                                                                       |  | Australia                                      



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|                                                                                                                                                                                                                                                                          |  |                                                                                
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | -------------------------------------------------------------------------------
|NAME                                                                                                                                                                                                                                                                      |  | JURISDICTION OF  INCORPORATION                                                 
|POSCO-Vietnam Processing Center Co., Ltd.                                                                                                                                                                                                                                 |  | Vietnam                                                                        
|POSCO (Chongqing) Automotive Processing Center Co., Ltd.                                                                                                                                                                                                                  |  | China                                                                          
|Suzhou POS-CORE Technology Co., Ltd.                                                                                                                                                                                                                                      |  | China                                                                          
|POSCO-JYPC Co., Ltd.                                                                                                                                                                                                                                                      |  | Japan                                                                          
|POSCO-Malaysia SDN. BHD.                                                                                                                                                                                                                                                  |  | Malaysia                                                                       
|POS-Minerals Corporation                                                                                                                                                                                                                                                  |  | USA                                                                            
|POSCO (Wuhu) Automotive Processing Center Co., Ltd.
POSCO E&C India Private Ltd.
POSCO E&C SMART                                                                                                                                                                          |  | China India Mexico                                                             
|POSCO-Philippine Manila Processing Center Inc.
Dalian POSCON Dongbang Automatic Co., Ltd.
Sanpu Trading Co., Ltd.
Zhangiagang BLZ Pohang International Trading Co., Ltd.
POSCO Mexico Human Tech                                                                          |  | Philippines China China China Mexico                                           
|POSCO Mexico East Steel Distribution Center Co., Ltd.
POSCO Gulf Logistic LLC.
POSCO ICT- China DWEMEX S.A. DE C.V. POS MPC Servicios de C.V.
EUROTALY S.A. POSCO South East Asia Pte. Ltd. EUROPE Steel Distribution
Center Vectus Ltd.
Zeus (Cayman)                    |  | Mexico UAE China Mexico Mexico
Uruguay
Singapore
Slovenia
England
Cayman Island
|POSCO VST Co., Ltd.                                                                                                                                                                                                                                                       |  | Vietnam                                                                        
|POSCO Maharashtra Steel Pvt. Ltd.                                                                                                                                                                                                                                         |  | India                                                                          
|POSCO India Chennai Steel Processing Centre Pvt. Ltd.                                                                                                                                                                                                                     |  | India                                                                          
|POSCO Turkey Nilufer Processing Center Co., Ltd.                                                                                                                                                                                                                          |  | Turkey                                                                         
|POSCO Vietnam Ha Noi Processing Center Co., Ltd.                                                                                                                                                                                                                          |  | Vietnam                                                                        
|POSCO (Liaoning) Automotive Processing Center Ltd.                                                                                                                                                                                                                        |  | China                                                                          
|POSCO-Indonesia Jakarta Processing Center, PT
POSCO E&C Venezuela C.A.
PT. MRI POSCORE-India POSCO America Alabama Processing Center
Co., Ltd. PT. DEC Indonesia
POSCO (Yantai) Automotive Processing Center Co., Ltd.
POSCO India Steel Distribution Centre Private Ltd. |  | Indonesia Venezuela Indonesia
India
USA
Indonesia
China
India                  
|POSCO China Dalian Plate Processing Center Ltd.
POSCO-South Asia Co., Ltd.
POSCO SS-Vina Co., Ltd.                                                                                                                                                                        |  | China Thailand Vietnam                                                         
|POSCO-NCR Coal Ltd.                                                                                                                                                                                                                                                       |  | Canada                                                                         
|POSCO WA Pty. Ltd.
POSCO E&C-UZ POSCO Australia GP Limited                                                                                                                                                                                                                |  | Australia Uzbekistan Australia                                                 
|Daewoo International America Corp.                                                                                                                                                                                                                                        |  | USA                                                                            
|Daewoo International Deutschland GmbH                                                                                                                                                                                                                                     |  | Germany                                                                        
|Daewoo International Japan Corp.                                                                                                                                                                                                                                          |  | Japan                                                                          
|Daewoo International Singapore Pte. Ltd.                                                                                                                                                                                                                                  |  | Singapore                                                                      
|Daewoo Italia S.r.l.                                                                                                                                                                                                                                                      |  | Italy                                                                          
|Daewoo Cement (Shandong) Co., Ltd.                                                                                                                                                                                                                                        |  | China                                                                          
|Daewoo (China) Co., Ltd.                                                                                                                                                                                                                                                  |  | China                                                                          
|PT. RISMAR Daewoo Apparel                                                                                                                                                                                                                                                 |  | Indonesia                                                                      
|Daewoo Textile Fergana LLC                                                                                                                                                                                                                                                |  | Uzbekistan                                                                     
|Daewoo Textile Bukhara LLC                                                                                                                                                                                                                                                |  | Uzbekistan                                                                     
|Daewoo International Australia Holdings Pty. Ltd.                                                                                                                                                                                                                         |  | Australia                                                                      



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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |  |                                                                                                                                                                                                              
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|NAME                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |  | JURISDICTION OF  INCORPORATION                                                                                                                                                                               
|Daewoo Paper Manufacturing Co., Ltd.
Tianjin Daewoo Paper Co., Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  | China China                                                                                                                                                                                                  
|POSCO Mauritius Ltd.
PT. KRAKATAU STEEL POSCO
Myanmar Daewoo Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |  | Mauritius Indonesia Myanmar                                                                                                                                                                                  
|DAEWOO INTERNATIONAL MEXICO S.A. de C.V.
DAEWOO INTERNATIONAL Guangzhou Corp.
DAEWOO Energy Central Asia
DAEWOO STC & Apparel Vietnam Ltd.
Myanmar Daewoo International Ltd.
DAYTEK ELECTRONICS CORP.
DAEWOO(M) SDN. BHD.
DAEWOO Canada Ltd.
DAEWOO EL SALVADOR S.A. de C.V.
GEZIRA TANNERY Co., Ltd.
POSCO (Zhangiagang) Stainless Steel Processing Center Co., Ltd.
DAEWOO International Corporation(M) SDN. BHD.
DAEWOO International SHANGHAI Co., Ltd.
PGSF, LLC                                                                                                                                                                                                                                                                                                                                     |  | Mexico China Uzbekistan
Vietnam
Myanmar
Canada
Malaysia
Canada
EL SALVADOR
Sudan
China
Malaysia
China
USA                                                                                                    
|Xenesys Inc.
Daewoo International India Private Ltd
TECHREN Solar, LLC
PT. POSCO E&C Indonesia
Hume Coal Pty. Ltd.
DAEWOO HANDLES GmbH
POSCO FOUNDATION EPC EQUITIES LLP SANTOS CMI INC. USA
SANTOS CMI ENGENHARIA E CONSTRUCOES LTDA
SANTOS CMI PERU S.A.
SANTOS CMI COSTA RICA S.A.
SANTOS CMI CONSTRUCCIONES S.A. (Uruguay)
GENTECH International INC.
EPC INVESTMENTS C.V.
INGENIERIA Y CONSTRUCCION HOLAND CO S.A.
ASESORIA Y SERVICIOS EPC S.A. CHILE
SANTOS CMI S.A. SANTOS CMI CONSTRUCCIONES DE CHILE S.A. S&K SANTOS
CMI S.A. DE C.V.(MEXICO) COMPAMIA DE AUTOMATIZACION & CONTROL, GENESYS S.A
VAUTIDAMERICAS S.A.
SANTOS CMI Construction Argentina S.A.
POSCO E&C BRAZIL Ltd.
POSCO Electrical Steel India Private Limited
Daewoo International Cameroon PLC.
POSCO Assan TST Steel Industry |  | Japan India USA Indonesia Australia
Germany
India
England
USA
Brazil
Peru COSTA
RICA Uruguay Panama the Netherlands
Ecuador
Chile
Ecuador
Chile
Mexico
Ecuador
Ecuador
Argentina
Brazil
India
Cameroon
Turkey
|HONG KONG POSCO E&C(CHINA) Investment Co., Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |  | Hong Kong                                                                                                                                                                                                    
|POSCO Klappan Coal Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |  | Canada                                                                                                                                                                                                       
|DAESAN(Cambodia) Co., Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |  | Cambodia                                                                                                                                                                                                     
|Brazil Sao Paulo Steel Processing Center Co., Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |  | Brazil                                                                                                                                                                                                       
|POSCO (Dalian) IT Center Development Co., Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |  | China                                                                                                                                                                                                        
|PT. POSCO Resources Indonesia                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |  | Indonesia                                                                                                                                                                                                    
|PT. POSCO ICT Indonesia                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |  | Indonesia                                                                                                                                                                                                    
|PT. POSCO M-TECH Indonesia                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |  | Indonesia                                                                                                                                                                                                    
|PT. KRAKATAU POSCOPOWER                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |  | Indonesia                                                                                                                                                                                                    
|POSCO RUS. LLC.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |  | Russia                                                                                                                                                                                                       



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|                                                   |  |                               
|-------------------------------------------------- |  | ------------------------------
|NAME                                               |  | JURISDICTION OF  INCORPORATION
|POSCO Thainox Public Company Limited               |  | Thailand                      
|DAEWOO INTERNATIONAL SHANGHAI Waigaoqiao Co., Ltd. |  | China                         
|PT. Bio Inti Angrindo                              |  | Indonesia                     
|POSCO E&C AUSTALIA Pty. Ltd.                       |  | Australia                     
|POSCO-TISCO(Jilin) Processing Center Co., Ltd      |  | China                         
|Hunchun POSCO Logistics Co., Ltd                   |  | China                         
|USA SRDC Corporation                               |  | USA                           
|DAEWOO INTERNATIONAL Vietnam Co., Ltd              |  | Vietnam                       



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