Jin Suhwa, Chairman of Gwangyang City Council, Delivers Regional Cooperation Statement to POSCO

Active Participation in Gwangyang Regional Win-Win Cooperation Council

Urgent Call to Immediately Respond to the Community's Demand for Mutual Development

[Gwangyang=Asia Economy Honam Reporting Headquarters, Reporter Heo Seonsik] The Gwangyang City Council in Jeollanam-do (Chairman Jin Suhwa) visited POSCO Gwangyang Steelworks on the 17th and delivered a statement urging regional mutual growth.

Chairman Jin met with representatives from Jeollanam-do, the Jeollanam-do Council, Gwangyang City, Gwangyang City Council, Gwangyang Chamber of Commerce and Industry, and POSCO Vice Chairman Kim Hakdong to urge, “POSCO should immediately accept the demands for mutual development of the local community, including Gwangyang and the Jeollanam-do region, to grow together with the local community in accordance with its management philosophy.”

Earlier, these organizations issued a statement criticizing POSCO for thoroughly ignoring local communities such as Gwangyang when deciding to relocate the holding company’s headquarters from Seoul to Pohang.

The delivered statement includes demands such as ▲ the smooth implementation of existing investment plans and expansion of investments in new business areas like secondary batteries ▲ relocation of POSCO headquarters and affiliated research institutes to Gwangyang ▲ establishment of a purchasing team within Gwangyang Steelworks ▲ active participation in the Gwangyang Regional Mutual Cooperation Council.

Chairman Jin said, “Just as POSCO and our region have grown together over the past 40 years, I hope POSCO will fulfill its responsibilities and roles in alleviating the local community’s sense of deprivation caused by the launch of the holding company and in accepting the demands for regional mutual cooperation.”

Meanwhile, POSCO Holdings Co., Ltd. will appoint a CEO at the shareholders’ meeting held on the 18th, following the inauguration ceremony on the 2nd.

Gwangyang=Asia Economy Honam Reporting Headquarters, Reporter Heo Seonsik hss79@asiae.co.kr

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