Change Up Ground Opens to Become Korea’s Silicon Valley
POSCO held an opening ceremony for the newly constructed Pohang Change Up Ground building at POSTECH on July 21, 2021. “The Pohang Change Up Ground has been built with the vision to create a Pacific Valley along with the Silicon Valley in the eastern Pacific region,” remarked CEO Jeong-Woo Choi of POSCO in his opening remarks.
Pohang Change Up Ground, located on the POSTECH campus, has a total area of 28,000㎡ and houses 63 promising startups from various sectors such as machinery, materials, electrical and electronic engineering, semiconductors, IT and communication software, biomedical, chemical, and energy.
POSCO plans to nurture the startup ecosystem in Pohang into a world-leading venture valley based on the strong industry-academia partnership worth two trillion won (USD 1.7 billion) in research facilities including POSTECH, RIST, the Pohang Accelerator Laboratory, and POSCO Technology Investment and 5,000 research experts.
The ceremony was attended by Prime Minister Kim Boo-kyum, North Gyeongsang Province Governor Lee Cheol-Woo, POSCO CEO Jeong-Woo Choi, and other officials and representatives of the resident venture companies of the building.