POSCO invests 4.4 trillion won over 10 years in the East Hoan site of Gwangyang Steelworks
This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology
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stockmk2020@alphabiz.co.kr | 2023-04-19 19:06:06
[Alpha Biz=(Chicago) Reporter Kim Jisun] POSCO Group will invest more than 4 trillion won in new businesses, including secondary battery materials and hydrogen energy, on the site of Donghoan Lake in Gwangyang Steel Mill in South Jeolla Province.
The government has promised to lift regulations preventing new investments other than in-season. Donghoan is a 7.61 million ㎡ (2.3 million pyeong) landfill site located on the east coast of Gwangyang Steel Mill.
POSCO Group said on the 19th that it is considering investing in new projects worth 4.4 trillion won over the next 10 years by utilizing idle land and landfills along with existing infrastructure such as ports and water in Donghoan.
The new business is expected to be one of the seven core industries set by POSCO Group in materials such as secondary battery materials, lithium, and nickel.
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