# POSCO to invest KRW 1 trillion in low-carbon electric arc furnace at Gwangyang

POSCO signed an investment agreement with Gwangyang City and South Jeolla Province to invest KRW 1 trillion in a new large electric arc furnace at Gwangyang National Industrial Complex, with 2.5 million tons capacity, starting operation in 2026.

- Type: Investment
- Announced: 2024-11-25
- Where: Gwangyang National Industrial Complex, South Korea
- Value: $720.0M (1000.0B KRW)
- Starts operating: 2026
- Status: announced
- Capacity: 2.5 million tons per year
- Products: low-carbon steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [POSCO](https://endata.com/companies/8856.md)

## Sources

- [ir.newspim.com](https://ir.newspim.com/news/view/20241125000983), 2024-11-25: "포스코는 광양국가산단에 1조원을 투자해 저탄소 철강 생산 체제로 전환할 계획이다."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.