The MOEF of South Korea has confirmed that POSCO was selected as...

The MOEF of South Korea has confirmed that POSCO was selected as a recipient of the Supply Chain Stabilization Fund.

News could drop any day now as they have already started approving loans from the fund.

Translation below. GLTAH.

17 October 2024
“Actively supporting rapid implementation of POSCO's 73 trillion won investment, etc.

… we plan to actively expand investments related to stabilizing the supply chain, such as securing stable raw materials, through the Supply Chain Stabilization Fund launched on September 5.

In particular, we selected four POSCO Group companies related to secondary battery materials as leading operators in August of this year and we plan to provide additional preferential interest rates for investments to stabilize the supply chain.” (Link)