Airbus Faces Pressure After November Deliveries Dip Amid Industrial Setback 
Rio Tinto Raises 2025 Copper Output Outlook as Oyu Tolgoi Expansion Accelerates 
USPS Expands Electric Vehicle Fleet as Nationwide Transition Accelerates 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Australia Moves Forward With Teen Social Media Ban as Platforms Begin Lockouts 
OpenAI Moves to Acquire Neptune as It Expands AI Training Capabilities 
Hikvision Challenges FCC Rule Tightening Restrictions on Chinese Telecom Equipment 
Anthropic Reportedly Taps Wilson Sonsini as It Prepares for a Potential 2026 IPO 
Netflix’s Bid for Warner Bros Discovery Aims to Cut Streaming Costs and Reshape the Industry 
Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature 
Microchip Technology Boosts Q3 Outlook on Strong Bookings Momentum 
Visa to Move European Headquarters to London’s Canary Wharf 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX 
Magnum Audit Flags Governance Issues at Ben & Jerry’s Foundation Ahead of Spin-Off 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
POSCO Holdings is moving its headquarters, and this could be good news for the residents of Pohang, where it will be relocated from Seoul. The transfer was approved by the company’s shareholders on Friday, Mach 17.
The decision to move the company’s HQ to Pohang, North Gyeongsang Province, comes after the POSCO Group was heavily condemned by the region’s residents after it decided to build its headquarters in Seoul when it launched Posco Holdings in early 2022.
The Pohang citizens opposed the move because Posco was founded in Pohang. Its first steel mill was also built here in 1971. As per The Korea Times, aside from the residents of the city, civic groups and politicians also voiced their opposition to the decision to make Seoul the company’s HQ. They explained that Pohang would lose competitiveness if Posco maintained its office in Seoul.
With the updated decision to relocate the headquarters from Seoul to Pohang, the territory’s local government expressed support for it, saying they welcome POSCO Holdings.
"This is meaningful as the country, local community and company can grow together," Pohang’s Mayor Lee Kang Deok stated. "We should actively participate in fostering professionals so that companies can secure talented workers in the regions."
Choi Jeong Woo, Posco Group’s chairman, also said they would pursue sustainable growth. He also pledged to boost the company’s eco-friendly business.
"The steel business will pursue the development of a smart steel mill system with the industry's best cost competitiveness and establish low-carbon and eco-friendly production and sales systems as early as possible,” Choi said. “For the secondary battery business, which is our future growth engine, we will promote full-scale production of lithium and nickel and continue to secure new resources and eco-friendly materials without a hitch."
Meanwhile, according to The Korea Herald, while Posco Holdin’s address is set to change, most of its 200 employees will still continue to work in Seoul.
