Misplaced Pages

#452547

67-401: In addition to the foremost city Daegu, there are many cities in this region including Pohang the major port and steel industrial city, Gumi the electronics industrial city, Gyeongju and Andong as the historic cities. With a population of 5.1 million, the region has about one tenth of South Korea's population and GDP . It also has the country's third largest metropolitan area centering

134-415: A humid subtropical climate ( Cfa ). The mean temperature in the coldest month, January, is relatively mild at 2.2 °C. The warmest month is August, when the mean temperature is 26.0 °C. On average, Pohang receives 1,152 mm of precipitation per year. The driest month is December, when the city receives a scant 25.7 mm of precipitation on average. However, the mean amount of precipitation for

201-514: A $ 12 billion US dollar plan agreed with Odisha, India a decade ago due to the delay in regulatory approvals. In 2016, POSCO confirms with National Green Tribunal (NGT) that it will suspend the steel plant project in Odisha, India. POSCO finally exited from this project on March 18, 2017 (Saturday). On 13 January 2022, the Adani Group announced that it had signed an MoU with POSCO to explore

268-572: A 13% increase over the previous year, and was one of the few exceptions when almost all areas of the Korean economy were in economic depression. Domestic industries absorbed POSCO's major products such as automobile and home appliance manufacturers consuming hot rolled products, shipbuilding and construction and engineering companies consuming medium plates, and electric motor and transformer manufacturers consuming electrical sheets. Some over-produced products were exported to foreign countries but

335-472: A 3,000,000-metric-ton (3,000,000-long-ton; 3,300,000-short-ton) capacity initially, would fetch revenue for the government to the tune of Rs 700 crore to Rs 800 crore (Rs 7-8 billion) annually. It would also provide direct employment to 13,000 people and ensure indirect employment for another 35,000. The Odisha state government also promised to provide a total of 600 million tons of iron sources, and will allow POSCO to use iron ore from these sources over

402-511: A few bars. POSCO POSCO Chemical POSCO (formerly Pohang Iron and Steel Company ) is a South Korean steel manufacturer headquartered in Pohang , South Korea . It had an output of 42,000,000 metric tons (41,000,000 long tons; 46,000,000 short tons) of crude steel in 2015, making it the world's sixth-largest steelmaker by this measure . In 2010, it was the world's largest steel manufacturing company by market value. Also, in 2012, it

469-529: A result, POSCO became the first foreign firm operating an integrated stainless steel mill in China , handling the entire production process from smelting iron ore to finished products, including the cold rolled stainless plant it already operates. In June 2022, POSCO is temporarily cutting production lines in Pohang plants as thousands of truckers go on a strike for higher pay, causing disrupted cargo transport in

536-514: A time when the steel industries of the United States and Japan were declining. POSCO completed its second-phase mill at Gwangyang in August 1988. A third-phase mill completed in 1992 further increased crude steel production to a total output of approximately 17.2 million tons a year. In terms of productivity, POSCO was the world's best steel manufacturer throughout the late 1980s and also

603-399: A two-and-a-half-year period by POSCO from 317 tons of steel, the park open November 19, 2021. The main downtown shopping area is between Yukgeori ( 육거리 ) and Ogeori ( 오거리 ) which translate to 6-way intersection and 5-way intersection. The streamlet boardwalk shopping area opens and ends with Pohang Station and Yukgeori, respectively. This shopping area has several stores, restaurants, and

670-472: A united Pohang absorbs all of Yeongil-gun, composed of 1 si, 2 gu, 4 eup, 10 myeon, 25 dong and 1 local office. On 1 September 1998, the unification of Small-dong left Pohang with 1 si, 2 gu, 4 eup, 10 myeon, 19 dong and 1 local office. On 1 January 2009, the unification of Small-dong left Pohang with 1 si, 2 gu, 4 eup, 10 myeon, 15 dong and 1 local office. Under the Köppen climate classification , Pohang has

737-715: A view to developing iron ore resources in Cameroon . In December 2013, the steel plant Krakatau Posco in Cilegon, Indonesia began operation. Its annual production capability is 3 million tons of steel. Posco Holdings opened a 25,000-ton lithium hydroxide factory in Güemes, Argentina in October 2024. POSCO's Headquarters, along with the POSCO Center, form the 'brain' of the company, overseeing major tasks, such as

SECTION 10

#1732772909453

804-936: Is abolished and incorporated into Heunghae-myeon and Yeonil-myeon ( 연일면 ; 延日面 ) leaving 1 si, 1 eup and 11 myeons. On 1 March 1967, the Gibuk Local Office ( 기북출장소 ; 杞北出張所 ) of Gigye-myeon (기계면/ 杞溪面 ) is established. On 1 July 1973, Uichang-myeon is designated as Uichang-eup ( 의창읍 ; 義昌邑 ) leaving 1 si, 2 eup, 10 myeon and 3 local offices. On 1 December 1980, Yeonil-myeon and Ocheon-myeon ( 오천면 ; 烏川面 ) are both designated as eup leaving 1 si, 4 eup, 8 myeon and 3 local offices. On 1 September 1982, Haedo-dong ( 해도동 ; 海島洞 ) and Sangdae-dong ( 상대동 ; 上大洞 ) are separated into Haedo 1 and 2-dong and Sangdae 1 and 2-dong respectively. On 1 April 1986, Daebo Local Office ( 대보출장소 ; 大甫出張所 ) and Gibuk Local Office are designated as myeon leaving 1 si, 4 eup, 10 myeon and 1 local office. On 1 January 1995,

871-519: Is available. Their website is only in Korean and only accessible in Internet Explorer. The Gosok bus terminal ( 고속버스터미널 ) website is in both English and Korean. From Gosok bus terminal one can travel to Seoul and Gwangju. Pohang is also serviced by two train stations - Pohang station ( 포항역 ) and Wolpo station ( 월포역 ). Times and destinations are available on the Korail website which

938-505: Is in English and Korean. Passengers using the KTX had to go to Gyeongju station ( 경주역 ) until 2015. However, since 2015, the KTX travels directly to Pohang station ( 포항역 ). There are some hospitals to treat people; two types of hospitals exist: public, and private. Public hospitals are run by the government, and supported by the government. Conversely, private hospitals are managed by

1005-605: Is possible to try Gwamegi , Pidegi which is dried squid, and big crabs ("Information about the products in Guryongpo" 1). The city is home to the Pohang Steelers of K League 1 . Also, there is the Pohang Baseball Stadium , which Samsung Lions belonging to KBO League is using as the second stadium. The Jukdo Market is a large, bustling traditional market near the centre of the city , close to

1072-406: Is served by only city buses. They run about 20 different ways of the city and some of them reach to the mountain folk. Also, the buses are classified into 2 kinds – one is Ilban-bus (normal bus) and the other is Jwaseok-bus (full of seats and a little more expensive than Ilban-bus). They run 15~25 minutes intervals along their own way. The bus routes are listed in both Korean Archived 2011-06-12 at

1139-584: The Kim Young Sam administration listed privatization of public enterprise as a high priority policy in economic policy agenda to implement mainly because of outbreak of the economic crisis . The new administration decided to privatize POSCO and by 1998, the South Korean government had reduced its ownership of shares in POSCO to less than 20%, and more than 58% of the shares in POSCO were in

1206-541: The Korea Development Bank to invest large amounts of money into what Park Chung-hee's government viewed as the six strategic industries: steel, non-ferrous metals, shipbuilding, industrial machinery, electronics, and petrochemicals. This strategy helped develop companies POSCO and reduced input costs for production in downstream industries as well. POSCO produced 6,200,000 t (6,100,000 long tons; 6,800,000 short tons) of raw steel in 1980, recording

1273-554: The Silla Dynasty the area was made up of four hyeon , Toehwa-hyeon ( 퇴화현 ; 退火縣 ), Jidap-hyeon ( 지답현 ; 只沓縣 ), Geunoji-hyeon ( 근오지현 ; 斤烏支縣 ), Haea-hyeon ( 해아현 ; 海阿縣 ). Then during the Goryeo Dynasty these four were renamed to Heunghae- gun (흥해군/ 興海郡 ), Janggi-hyeon ( 장기현 ; 長鬐縣 ), Yeongil-hyeon ( 영일현 ; 迎日縣 ), Cheongha-hyeon ( 청하현 ; 淸河縣 ) respectively. On 4 August 1896,

1340-478: The Wayback Machine and English but the Korean version is interactive, and thus more helpful. There are two main bus terminals - Shiwae ( 시외 ) and Gosok ( 고속 ) which roughly translate into intercity/city and express. The Shiwae bus terminal ( 시외버스터미널 ) also acts as the cross-country bus terminal from which access to nearby metropolitan cities such as Daegu and Busan (~1.5 hrs each depending on traffic)

1407-446: The fireworks festival at Yeongildae Beach each summer. People travel from all over the country to watch the show. The Culture & Arts Center, opened in 1995, holds performances and exhibitions in its various galleries and theaters. Pohang is known for gwamegi and holds an annual Gwamegi Festival. Gwamegi Festival is available on November annually. In 2015, the festival invited individuals from different ages. Numerous people can enjoy

SECTION 20

#1732772909453

1474-628: The management , planning , and finances of the steelworks at Pohang and Gwangyang . The construction of POSCO headquarters at 1 Goedong-dong, Nam-gu, Pohang , was completed on April 1, 1987. Pohang - Constructed in four phases between April 1970 and February 1981 along Korea's southeast coast, the nation's first integrated steelworks has produced 230 million tons of pig iron through March 2004 - enough to build some 250 million compact cars . Crude Steel Production (2008) = 13.6 million tons. Gwangyang - Constructed in four phases between September 1982 and October 1992 on Korea's southern coast ,

1541-537: The port . It is well known throughout Korea as an important seafood market. There are many raw-fish restaurants in the market. The fish is cheaper here than in Seoul or Daegu . Bukbu Beach is located in Duho-dong in the northern part of the city's built-up area. The beach front has been the focus of commercial developments such as bars, restaurants, and budget accommodations called Yeogwan . A number of beaches on

1608-502: The profit centers and changing from a strictly hierarchical organizational structure to one based on teams. In July 1994, POSCO created two subsidiary companies, POSTEEL and POSTRADE. POSTEEL is the domestic sales and service arm of the company, while POSTRADE handles international trading of POSCO products. Both subsidiaries commenced full operation in September 1994, with all international POSCO affiliates transferred to POSTRADE by

1675-464: The stock ; initial reports in the South Korean press in 1998 indicated that the sale of public shares was going slower than anticipated. However, the administration led by Kim Young Sam changed the initial policy direction of privatization of POSCO and decided not to sell government-owned stock to keep it as a government investment enterprise. But, the Kim Dae Jung administration following

1742-461: The 'Hands of Harmony' sculpture. Bogyeongsa is a major Buddhist temple nestled in a steep green valley at the foot of Mount Naeyeon (710 m) in Songna-myeon, an area in the extreme northern part of Pohang. Yeonsan Waterfall is located nearby in the same mountain valley. There are hiking trails leading from the temple up into the mountains. Bogyeongsa also has a number of mountain hermitages in

1809-435: The 1960s, Pohang was a small coastal city with a population of 50,000. The next major development in Pohang's growth came in 1968 with the inauguration of the steel maker POSCO , and the local plant's commencement of production in 1972. The introduction of heavy industry to the city brought the local economy to a blend of iron, steel, shipbuilding and fisheries through the end of the 20th century. The early 21st century and

1876-681: The Daegu city. Historically, the region was the birthplace of the Silla Kingdom. With Gyeongju as the capital, it first unified the Korean Peninsula and prospered for about thousand years. It left a number of remains around the city , which are listed as a World Heritage Site by UNESCO . In the Goryeo and Joseon Dynasty, it formed the northern half of Gyeongsang-do . Its name is from Gyeong of Gyeongju and Sang of Sangju ,

1943-596: The MoEF issued final order on January 31, 2011, and gave environment clearance to POSCO . In May 2013, the National Green Tribunal (NGT) halted land acquisition for the POSCO projects. In July 2013, POSCO completed land acquisition despite the order given by NGT. In December 2013, POSCO began construction of a boundary wall around its plant site. In December 2013, the NGT criticised the forest clearance granted by

2010-480: The Pohang area is from the Mumun Pottery Period (1500–300 BC). Archaeologists have unearthed small villages and megalithic burials ( dolmen ) from this period. Still a small fishing village at the dawn of the 20th century, the earliest steps toward developing Pohang into a place of greater significance were taken in 1930 with the construction of a modern harbour. Pohang grew rapidly afterward, attaining

2077-578: The Sea of Japan can be found just north of the built-up area, including Chilpo and Wolpo. Homigot , a point of land jutting out into the Sea of Japan, is located to the east of urban Pohang in Daebo-myeon. Homigot is one of the easternmost points on the Korean peninsula and as such serves every year as a gathering place for thousands to greet Korea's first sunrise of the New Year. The beach is also home to

Daegu–Gyeongbuk - Misplaced Pages Continue

2144-469: The Union Ministry of Environment and Forests (MoEF) to the proposed steel plant of South Korean steel giant, POSCO, in Odisha. There have been reports that during protests and land acquisition during Feb - Mar 2013, there has been bombing attack on the resisting villages and naked protest against the police atrocity. The Central Government of India came out confident on 15 January 2014 that with

2211-736: The advancement in science and technology. In 2012 and 2013, the Times Higher Education ranked POSTECH 1st in their "100 Under 50 Young Universities" rankings. Changes in managerial systems and organizational structure accelerated in 1993 when POSCO's president and founder, Park Tae-Joon, who had wielded absolute managerial authority for more than 25 years, resigned. With the change in leadership—from Park Tae-Joon to Ryu-Sang Bu, POSCO increased decentralization and diversification. POSCO's management emphasized greater flexibility , autonomy , and consensual decision-making processes. The chairman also moved to devolve more autonomy to

2278-426: The age of globalization has brought new economic challenges to companies such as POSCO, giving rise to beliefs that Pohang would be wise to not be overly reliant on heavy industry to maintain its prosperity. In response, the Pohang of today presents itself as having an eye to the future, striving to become a diversified city of environmentalism and advanced learning, as well as a centre of arts and culture. During

2345-728: The areas where they have a comparative advantage in South Korea . By 2006, POSCO had 26 subsidiaries and invested over $ 2.4 billion in fresh investment on mainland China , especially in galvanized and stainless steel to supply global auto and appliance makers that have opened plants there. In 2006, POSCO started operating the Zhangjiagang Pohang Stainless Steel (ZPSS) steel mill capable of producing 600,000 tons of stainless steel and hot-rolled products annually in China's Jiangsu Province. As

2412-422: The construction of an integrated steelworks were essential to economic development. Since South Korea had not possessed a modern steel plant prior to 1968, many foreign and domestic businesses were skeptical of Republic of Korea Government's decision to invest so heavily in developing its own industry. The Korean government created Pohang Iron and Steel Company, Ltd (POSCO) in 1968 and appointed as president of

2479-517: The construction of its sixth continuous galvanizing line (CGL) at its Gwangyang mill in the South Jeolla Province . With this new addition, POSCO becomes the no.2 producer of sheet-steel just behind ArcelorMittal . In early 2007, Warren Buffett 's Berkshire Hathaway purchased a 4% stake in POSCO. Berkshire sold its share later in 2014. In February 2013 POSCO signed a Memorandum of Understanding with Afferro Mining, Inc, with

2546-554: The country. In June 2005, POSCO signed a memorandum of understanding with the State of Orissa in India . Under the agreement, POSCO plans to invest US$ 12 billion to construct a plant with four blast furnaces , an electricity plant, housing, and an annual production capacity of 12,000,000 metric tons (12,000,000 long tons; 13,000,000 short tons) of steel , which is slated to start production in 2010. The project, which would start with

2613-566: The designation of town ( eup ) in 1931 and then earning the status of city ( si ) in 1949. Pohang's road arteries and shipping port made it a place of strategic significance during the Korean War . An unopposed landing of UN forces at Pohang on July 18, 1950 was the first large-scale amphibious operation since World War II, and the region around Pohang saw fierce clashes between South Korea's 3rd Infantry Division and North Korea's 5th Infantry Division during August–September 1950. By

2680-612: The development of a fishing industry. Hagfish is a local specialty. The Korean Marine Corps 1st Division is stationed in Pohang, and their Education and Training Command is located there as well. Tourist attractions include the Jukdo Fish Market, where fresh seafood is sold, as well as the Yeongildae Beach, Wolpo Beach, and Pohang Songdo Beach. Naejangsan Mountain divides Pohang and Yeongdeok and has twelve waterfalls. The earliest evidence of human occupation in

2747-638: The end of 2012 and cold rolled products by the time of December 2009. When completed, the mill is expected to produce three-million tons of steel products annually. Posco also plans to build a $ 250 million plant in the city of Altamira , Mexico , to produce 400,000 tons of galvanized steel sheet a year for automakers . The venture will be Posco's first wholly owned steel-plate plant in North America . Posco began construction in early 2008, and started operations in 2009, producing galvanized and galvannealed steel. On June 30, 2006, POSCO completed

Daegu–Gyeongbuk - Misplaced Pages Continue

2814-466: The end of that year. The landmark Posteel Tower on Tehran Street , in Seoul's Gangnam district (not to be confused with the POSCO Center, also on Tehran Street) was completed in 2003. In 1997, Seoul announced that it was going to transform POSCO into a private company in line with the government's new policy of privatizing state-owned enterprises . The government planned to retain a majority share of

2881-727: The federal and State governments have been illegally trying to take lands and forests for the project, in violation of the Forest Rights Act . There have also been claims that the project will only benefit the company while displacing more people than it employs, damaging the environment and taking India's mineral resources at a very low price. Further, a study undertaken by the Mining Zone Peoples' Solidarity Group, an international research group focused on India, finds evidence of irregularities in dealings with state, bureaucracy and judiciary and questions and debunks

2948-406: The festival, and the festival is sponsored by banks such as Suhyeop , Nonghyeop , Shinhan , and POSCO . During the festival, it is available to experience the old traditional Korean culture such as competing with person who sell Yeot . Furthermore, many singers from various places including Philippines are invited to demonstrate their talent to people ("Schedule" 1). In this place, Guryongpo, it

3015-606: The hands of foreign investors . In 2000, full privatization of POSCO was completed. As part of the privatization process, new Chairman Lee Ku-Taek began efforts to introduce a professional management and governance system of global standards for POSCO. Under the new governance system, management made accountability to shareholders a priority. POSCO also introduced a new performance-based evaluation and compensation system. Throughout most of its privatization drive, POSCO increased its revenue and business profit . Thanks to robust demand at home and in China , POSCO recorded

3082-513: The individuals. For example, S Pohang hospital is sponsored by the Ministry of Public Administration and Security which means it is supported by the government ("Introduction of the hospital" 1). They provide the treatments of brain disease, and spine disease. For private hospital, Pohang Sunlin Hospital is run by Hyunsu Shin ("Introduction of the head of the hospital" 1). Thousands flock to see

3149-594: The initial plant, following an agreement made at the Third South Korea-Japan Ministerial Meeting in 1969. Financing included US$ 119 million in government grants and loans , US$ 54 million in credit from the Export-Import Bank of Japan , and technical assistance from Nippon Steel and other corporations. This cooperation was one consequence of the normalization of relations with Japan in 1965 and reflected

3216-553: The largest city in North Gyeongsang Province , South Korea, with a population of 499,363 as of 2022, bordering the Sea of Japan to the east, Yeongcheon to the west, Gyeongju to the south, and Cheongsong and Yeongdeok to the north. The city has food, textile, and metal industries. Agricultural products such as grapes, persimmons and garlic chives are abundant, and the city's proximity to the Sea of Japan has led to

3283-465: The largest profits in the global steel industry in 2004. Net earnings from POSCO's array of steel products – used in everything from screws to skyscrapers  – shot up 80% to $ 1.66 billion in 2004 from the previous year. With increasing global competition, POSCO looked to China and India for new opportunities. South Korean wages were too high to support a whole range of activities and POSCO looked elsewhere for new projects while keeping

3350-486: The main tourist route for Ulleung Island and Liancourt Rocks . Pohang is the home of POSCO (the Pohang Steel Company), one of the largest steel producers in the world, and a host of related industries. As a result, the port shipped a total of 54.8 million tons in 2006. Several flights per day to Seoul Gimpo Airport and Jeju Airport are available at Pohang Gyeongju Airport . Local transportation

3417-406: The mill a competent retired army general and friend of President Park Chung Hee , Park Tae-joon , a man with a track record of having turned around the government-owned Korea Tungsten Company . Construction of the Pohang plant began on April 1, 1970, and was dedicated on July 3, 1973, with an initial annual capacity of 1.03 million metric tons. Japan provided the money for the construction of

SECTION 50

#1732772909453

3484-475: The next 30 years. If the project goes ahead, it will be the single largest foreign direct investment in India as well as being the world's biggest greenfield steel plant ever. However, from 2005 till date (as of August 7, 2010), the India project has not been able to proceed due to strong opposition from the local residents in the area proposed to be given for the steel plant. There have been allegations that

3551-399: The region was first defined with the name of Gyeongsangbuk-do in 1896, the year when Gyeongsang-do was divided into Gyeongsangbuk-do and Gyeongsangnam-do . After more than four hundred years at Daegu, Gyeongsangbuk-do's provincial office moved to Andong in 2016. Pohang Pohang ( Korean :  포항 ; Korean pronunciation: [pʰo.ɦaŋ] ), formerly spelled Po-Hang , is

3618-427: The renewal of environment clearance, South Korean steel giant POSCO's project in Odisha would take off soon. After a meeting with visiting South Korean Minister of Trade, Industry and Energy Yoon Sang-jick, Mr. Sharma told the media: "So far, 1,700 acres of land — out of 2,718 acres — have been transferred to POSCO and the rest will soon be given." On July 17, 2015, news reported that South Korean steelmaker POSCO may halt

3685-514: The setting up of an Integrated Steel Mill in Mundra, Gujarat, with an estimated total investment of US$ 5 billion. POSCO have pursued investment opportunities in other developing countries such as Vietnam and Mexico . It was announced in August 2006 that POSCO will build a large-scale steel mill in southern Vietnam . POSCO plans to build the US$ 1 billion plant in two phases for hot-rolled by

3752-406: The significant import of sections for construction left Korea as a net importer. Globally, POSCO was already the most efficient steel producer in certain products. By the late 1980s, POSCO's growth had been immense. It was the fifth biggest steel company in the world, with an annual production approaching 12 million tons worth 3 trillion won . POSCO continued to expand productivity and size at

3819-546: The social, economic and environmental claims that the project has made. The MoU between POSCO and State of Odisha expired in 2010. Following allegations that the ministry had not adhered to Forest Rights Act, Ministry of Environment and Forests (MoEF) set up the N.C. Saxena committee in July 2010 to review the clearance. Despite the committee's report indicating that provisions of the Forest Rights Act had been violated,

3886-479: The three remaining hyeon , which at that time were Janggi, Yeonil ( 연일 ; 延日 ; originally Yeongil) and Cheongha were reassigned as counties or gun as part of the change to the 13-province division of the Korean Empire . On 1 March 1914, the four counties were unified as one Yeongil-gun ( 영일군 ; 迎日郡 ), which was subdivided into 18 myeons . On 1 April 1931, Pohang-myeon ( 포항면 ; 浦項面 )

3953-555: The two largest cities at that time. In the latter part of Joseon, it became home to the Korean Confucianism . Many cultural assets can be seen throughout the region including Andong. The Hahoe village of Andong and Yangdong village of Gyeongju are designated as the World heritages. From around the time, Daegu became the commercial center of the region. The provincial capital moved to Daegu in 1601. The current boundary of

4020-723: The vicinity. Oeosa is a temple located in the extreme southern part of Pohang, just inside the mountains south of the coastal plain formed by the Naengcheon River. It is located at the foot of Mt. Unjae (481 m) in a steep valley in Daesong-myeon. Signs placed in and around Oeosa claim that the temple was founded by Wonhyo , the well-travelled Silla monk. Space Walk is a roller-coaster like walkable art installation design by German artists Heike Mutter and Ulrich Genth and located in Hwanho Park . Constructed over

4087-703: The view of the government of Japan as noted in the Nixon - Sato communique of November 21, 1969, that "the national security of the Republic of Korea is essential to the security of Japan." POSCO first began to sell plate products in 1972 and focused its sales policies on the domestic market to improve steel self-sufficiency at home. It made special efforts to supply quality iron and steel to related domestic companies at below export price to strengthen their international competitiveness. Beginning in 1973, South Korea's government used its National Investment Fund and

SECTION 60

#1732772909453

4154-423: The wettest month, August, is 227.4 mm. Culture & Arts Center Municipal library Municipal art gallery Agricultural product wholesale market management office Women's culture center Park management office Vehicle Registration Office The city is served by several trains a day from Seoul and Daegu . Pohang is the terminus for a number of ferry routes serving the adjacent Sea of Japan, including

4221-408: Was at the top in terms of facilities. Pohang, previously a fishing port whose major industry was processing fish and marine products, became a major industrial center with almost 520,000 people. In addition to the huge integrated steel mill , Pohang became an industrial complex housing companies that manufacture finished steel products of raw materials provided. POSCO CEO Park Tae-joon

4288-447: Was designated as an eup , thus giving Yeongil-gun 1 eup and 17 myeon. On 1 April 1934, Jukbuk-myeon ( 죽북면 ; 竹北面 ) and Juknam-myeon ( 죽남면 ; 竹南面 ) were united to make Jukjang-myeon ( 죽장면 ; 竹長面 ), while Janggi-myeon ( 장기면 ; 長鬐面 ) and Bongsan-myeon ( 봉산면 ; 峰山面 ) united to make Jihaeng-myeon ( 지행면 ; 只杏面 ), so that there were 1 eup and 15 myeon. On 1 October 1938, Hyeongsan-myeon ( 형산면 ; 兄山面 )

4355-611: Was incorporated into Pohang-eup, leaving Yeongil-gun with 1 eup and 14 myeon. On 1 October 1942 Changju-myeon ( 창주면 ; 滄洲面 ) was renamed and reclassified as Guryongpo-eup (구룡포읍/九龍浦邑), leaving 2 eup and 13 myeon. On 15 August 1949, Pohang-eup was designated as Pohang- si ( 포항시 ; 浦項市 ), leaving Yeongil with 1 si, 1 eup, 13 myeon and 1 local office. On 8 July 1956, Heunghae-myeon ( 흥해면 ; 興海面 ) and Gokgang-myeon ( 곡강면 ; 曲江面 ) are incorporated into Uichang-myeon ( 의창면 ; 義昌面 ) leaving 1 si, 1 eup and 12 myeon. On 29 October 1957, Daljeon-myeon ( 달전면 ; 達田面 )

4422-708: Was named as the world's 146th-largest corporation by the Fortune Global 500 . POSCO currently operates two integrated steel mills in South Korea, in Pohang and Gwangyang . POSCO previously operated a joint venture with U.S. Steel , USS-POSCO Industries, in Pittsburg, California , United States, but U.S. Steel acquired full ownership of the facility in February 2020. In the 1960s, South Korean administration concluded that self-sufficiency in steel and

4489-536: Was quoted as saying, "You can import coal and machines, but you cannot import talent". Park realized the need for Korea to educate their youth in science and technology to ensure Korea's position in the high technology arena. Park founded the Pohang University of Science and Technology (POSTECH) in 1986 as Korea's first science and technology research-oriented university with the mission to educate young Koreans who can contribute to national prosperity through

#452547