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 [...]
POHANG, Oct. 25 (Korea Bizwire) – The city of Pohang, located in North Gyeongsang Province, has introduced an innovative artificial solar ecosystem. This cutting-edge technology harnesses artificial sunlight generated through nuclear fusion reactions involving hydrogen. In this process, light hydrogen atoms merge within a plasma state, where the nuclei and electrons separate, resulting in energy production [...]
POHANG, Sept. 23 (Korea Bizwire) –The city of Pohang in North Gyeongsang Province is fast-tracking the development of hydrogen refueling stations, which are pivotal to the deployment of hydrogen-powered vehicles. At present, Pohang boasts 36 registered hydrogen passenger cars, but due to the absence of charging stations, these vehicles must be charged in other areas [...]
SEOUL, Sept. 8 (Korea Bizwire) — South Korea will push to build a 120 megawatt data center in the southeastern industrial city of Pohang by 2027, the industry ministry said Friday. The ministry signed a memorandum of understanding with Pohang city and North Gyeongsang Province and the state-run Korea Electric Power Corp., as well as [...]
POHANG, June 7 (Korea Bizwire) — A trial operation of an international cruise ship was launched on the route connecting Pohang in the South Korea’s southeastern city with Japan and Taiwan. The Costa Serena, a 114,500-ton cruise ship, on Monday departed from Youngil Bay in Pohang, carrying some 3,000 tourists bound for Okinawa in Japan. [...]
POHANG, March 14 (Korea Bizwire) — A fire fueled by underground natural gas, a rare resource in South Korea, has been burning for six straight years in the southeastern city of Pohang. In March 2017, a construction company drilled a tube well 200 meters underground to develop underground water in a Pohang park. During the [...]
POHANG, Nov. 19 (Korea Bizwire) — A colossal experiential art installation, titled ‘Space Walk’, reportedly the largest experiential artwork in the nation, debuted on Thursday at Cheering Park in Pohang, “City of Steel” in North Gyeongsang Province. The steel-based art sculpture — a curved track measuring 60 meters wide, 57 meters long and 25 meters [...]