Assemblyman Kim Jeongjae: "POSCO Expresses Willingness to Immediately Accept Relocation of Holding Company to Pohang"

On the 25th, National Assembly member Kim Jeong-jae announced that Jeon Jung-sun, President of POSCO, visited the National Assembly member's office and conveyed a decisive acceptance regarding the relocation of POSCO Holdings' address and the establishment of the Future Technology Research Institute in Pohang.

[Asia Economy Reporter Oh Hyung-gil] POSCO is expected to proceed with relocating its holding company to Pohang, which has been a source of conflict with the Pohang local community.

On the 25th, Congressman Kim Jeong-jae revealed that Jeon Jung-seon, CEO of POSCO, visited his office and conveyed a sudden acceptance of relocating the POSCO holding company's address and establishing the Future Technology Research Institute in Pohang.

According to Congressman Kim, CEO Jeon expressed regret over the current situation and decided to positively promote the relocation of the POSCO holding company to Pohang to resolve the conflict. He plans to persuade the board of directors and shareholders, gather opinions, and proceed with the address change through amendments to the articles of incorporation.

Additionally, the Future Technology Research Institute to be established by POSCO will operate a dual system between Pohang and the metropolitan area.

Congressman Kim conveyed to POSCO the demands to strengthen competitiveness in the steel industry, continuously expand facility investments for safety, create jobs through investments in new industries such as secondary batteries, hydrogen, bio, and IT, contribute to balanced national development, and create a new win-win cooperation model through more communication.

CEO Jeon stated, "POSCO's roots are in Pohang," and added, "We will make greater efforts to coexist with Pohang."

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