"POSCO Holding Company Should Not Be Based in Seoul!" ... Lee Gang-deok, Mayor of Pohang, Starts Solo Protest at Cheongwadae

Delivery of 'Proposal from Pohang Citizens to the President' to Cheongwadae

Mayor Lee Gang-deok of Pohang is holding a one-person protest in front of the Blue House on the 10th.
[Image source=Pohang City]

[Asia Economy Yeongnam Reporting Headquarters Reporter Yeo Jong-gu] Lee Kang-deok, mayor of Pohang, carried out a one-person protest opposing the establishment of POSCO's holding company in Seoul.

On the 10th, Mayor Lee held a placard in front of the Blue House with the phrases "Government neglecting local extinction, wake up" and "Oppose POSCO Holding Company and Technology Research Institute establishment in Seoul."

This protest signifies opposition to placing the holding company in Seoul, which is seen as going against national balanced development and accelerating local extinction, urging the government to take action. The one-person street protest extended from Pohang to Seoul.

After the protest, Mayor Lee delivered a "Proposal from the citizens of Pohang to the President," requesting the government to actively intervene in the POSCO holding company transition issue, which goes against regional balanced development, to the Blue House.

He then moved to the Gwanghwamun Government Seoul Office to meet Kim Sa-yeol, Chairman of the National Balanced Development Committee, explaining the problems caused by the concentration of POSCO's holding company and Technology Research Institute in the metropolitan area and the demands of the citizens.

He appealed for the POSCO holding company and research institute, which have established themselves as national enterprises, to be established in Pohang to respond to national balanced development and local extinction.

He also proposed reducing corporate tax rates in non-metropolitan areas by 5-10% regionally from the current rates to create opportunities for metropolitan companies to relocate to local areas, aiming to resolve regional imbalances.

Lee Kang-deok, mayor of Pohang, said, "In a situation where citizens' concerns about the POSCO holding company transition are pouring in, I took to a one-person protest with a desperate heart," and added, "I request POSCO to promptly communicate with citizens and present acceptable measures."

This content was produced with the assistance of AI translation services.