Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Extreme heat, flooding, wildfires – Colorado’s formerly incarcerated people on the hazards they faced behind bars 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Thousands of satellites are due to burn up in the atmosphere every year – damaging the ozone layer and changing the climate 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
South Korea's POSCO International Corp. has teamed up with Danish firm, Copenhagen Infrastructure Partners (CIP), to jointly develop offshore wind power projects and delve into the green hydrogen and ammonia sectors. The alliance aims to cater to the burgeoning demand for renewable energy.
Under the memorandum of agreement, POSCO International and CIP will focus on developing offshore wind power projects in Pohang, a prominent industrial city in South Korea. Pohang's location, 262 kilometers southeast of Seoul, is ideal for harnessing wind energy.
Notably, Pohang is home to South Korea's largest steel mill complex and manufacturing sites operated by POSCO Future M Co., a POSCO Holdings Inc. subsidiary specializing in battery and advanced component production.
POSCO International, the trading and energy arm of POSCO, plans to establish a 300-megawatt offshore wind power plant complex in Sinan County by 2027. The company has set an ambitious goal to enhance its wind power generation capacity to 2 gigawatts by 2030.
With expertise in wind power infrastructure investments across 14 countries, including South Korea, CIP brings significant knowledge and resources to support offshore wind projects. The company manages investments worth approximately 28 billion euros (US$30.5 billion).
Furthermore, CIP's Managing Partner Jacob Baruël Poulsen, in the presence of South Korean President Yoon Suk-Yeol, reaffirmed the investment commitment through an Investment Notification Form. This commitment includes investments in fixed-bottom and floating offshore wind projects in Ulsan, Shinan County, and Yeonggwang County in South Jeolla Province.
This collaboration between POSCO International and CIP signifies a vital step towards driving sustainable and green solutions for the future.
Meanwhile, POSCO International is spearheading the development of a cutting-edge 300-megawatt-offshore wind farm in Sinan County, South Jeolla Province. The anticipated completion date for this remarkable project is set for 2027. Additionally, the company is proudly participating in another groundbreaking offshore wind farm venture in the East Sea.
With an ambitious goal of increasing offshore wind power output to a staggering 2 gigawatts, POSCO International aims to exceed current levels by more than 30 times.
Photo: Anna Jiménez Calaf/Unsplash
