Pohang City Strengthens Policy Cooperation with City Council... All-Out Efforts for 'Regional Economy Crisis Response' Amid POSCO Strike

Pohang City has begun taking proactive measures to strengthen policy communication with the city council, while also working to minimize the economic shock to the local economy caused by the partial strike at POSCO.

On the 16th, Pohang City held the 'Pohang City-Pohang City Council Policy Communication Meeting' at the main conference room of city hall.

The meeting was attended by Mayor Park Yongseon of Pohang, Chairman Kim Cheolsoo of the Pohang City Council, and officials from both organizations. They shared key municipal issues and discussed ways to cooperate for regional development.

Pohang City held the "Pohang City-Pohang City Council Policy Communication Meeting" on the 16th in the large conference room of the city hall. Photo by Pohang City

The agenda encompassed key initiatives directly related to the city’s future growth, including the promotion of the second phase of public institution relocation, the direction of Pohang’s 2027 budget planning, designations of the Low-Carbon Steel Special Zone and AI Data Center Special Zone, successful hosting of the 2027 ICLEI World Congress, and construction of the Yeongilman Undersea Bridge.

The city and council committed to enhancing mutual understanding of municipal administration based on mutual respect and working together to implement policies beneficial to citizens’ lives.

In addition, on the 17th, Pohang City held the ‘Second Regional Economy Crisis Response Meeting’ to prepare for a prolonged second-phase partial strike at POSCO, joining hands with relevant institutions and organizations.

Attendees included the Pohang City Council, Pohang branch of the Ministry of Employment and Labor, Pohang Chamber of Commerce and Industry, POSCO, and small business associations. The discussions focused on monitoring the impact on the local economy and support measures for different sectors.

To respond to the effects of the strike, the city secured a budget of 1.4 billion won through the 2026 Second Supplementary Budget for supporting corporate management stabilization funds, and will additionally provide 30 billion won to the special guarantee fund for small businesses.

Furthermore, to invigorate local consumption, Pohang Love Gift Certificates will be issued early—30 billion won in October and 17 billion won in November. Additional practical measures will be implemented, such as a citywide consumption promotion campaign, more flexible enforcement of parking regulations around business districts, and expanding holidays for company cafeterias.

Mayor Park Yongseon stated, “While reflecting the will of the citizens in city governance through close communication with the city council, we will closely monitor the situation regarding the POSCO strike and swiftly pursue necessary measures to ensure the stability of the local economy and livelihoods.”

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