POHANG, South Korea, Dec. 5 (Korea Bizwire) — The industrial heart of Pohang, once buoyed by its thriving secondary battery and steel industries, is grappling with a severe economic downturn, underscoring the fragility of the region’s core sectors. The city, home to major players like EcoPro, POSCO Future M, and GS Energy Materials, has been [...]
POHANG, Nov. 18 (Korea Bizwire) – A civic organization in Pohang, North Gyeongsang Province, has launched a public campaign to boost morale at local steel companies, hanging 20 encouraging banners across the city on November 16. The “People Making Happy Pohang” group, led by Park Je-seo, displayed 15 banners supporting POSCO and five supporting Hyundai Steel, [...]
POHANG, Oct. 10 (Korea Bizwire) – The coastal city of Pohang in North Gyeongsang Province is actively pursuing Costco, the American multinational wholesale corporation, in a bid to boost its local economy and improve living conditions for its residents. However, the potential location of the store has become a topic of debate among citizens and officials [...]
POHANG, Aug. 23 (Korea Bizwire) – “Fish farms in Pohang are on the brink of shutting down. We’re losing thousands to tens of thousands of fish daily,” lamented Lee Tae-hyung, a fish farm owner in Guryongpo-eup, Nam-gu in the city of Pohang, on August 22. Lee’s distress highlights the severe impact of recent high sea temperatures [...]
POHANG, Jul. 24 (Korea Bizwire) – The coastal city of Pohang, South Korea, is set to host its 8th annual Yeongildae Sand Festival on July 27 and 28 at Yeongildae Beach, showcasing intricate sand sculptures and offering a variety of interactive experiences for visitors. According to city officials, the festival will feature three main sand sculpture [...]
SEOUL, Jul. 18 (Korea Bizwire) — The South Korean football league on Thursday announced changes to its coaching staff for an upcoming exhibition match against Tottenham Hotspur. The Korea Professional Football League (K League) said Park Tae-ha, head coach of Pohang Steelers in the top-flight K League 1, will be in charge of Team K [...]
SEOUL, Jun. 3 (Korea Bizwire) — President Yoon Suk Yeol said Monday that a potentially massive oil and gas reserve could be buried off the southeast city of Pohang and drilling will begin later this year to determine whether it is real. The reserve off Yeongil Bay in Pohang, about 260 kilometers southeast of Seoul, [...]
SEOUL, Dec. 5 (Korea Bizwire) — South Korean steel company POSCO Holdings Inc. said Tuesday it plans to build an industrial gas production facility at a secondary battery complex in the country’s southeastern port city of Pohang. The company plans to invest 100 billion won (US$76.3 million) in the 16,500-square-meter facility, with an annual production [...]
POHANG, Nov. 23 (Korea Bizwire) – Following a local court’s decision to grant emotional damages compensation to citizens of the city of Pohang affected by an earthquake, a surge in similar lawsuits has overwhelmed legal channels. The websites of law firms managing these cases have crashed due to high traffic, and civic organizations and law offices [...]
SEOUL, Nov. 8 (Korea Bizwire) – A Cenozoic fossil site in Pohang, North Gyeongsang Province, will be designated as a national natural monument due to its significant value for study, boasting a diverse array of plant fossils, including beech and oak. The Cultural Heritage Administration announced on Tuesday its intention to register the Cenozoic Fossil Site [...]