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영어

Established originally as a state-run enterprise, POSCO is known to have a 'company philosophy' of its own, namely 'serving the country by steel industry.' One of its consequence is the growth of Pohang into a sustainable 'industrial city', while most of local cities in Korea had been in decline during the nation's rapid industrialization era since 1960s. Pohang's development into a 'company city' along with POSCO was divided into two contrasting stages in this paper. Before 1990s, Pohang was by and large an 'exogenous' company city, in which POSCO was dominating Pohang rather than ruling it in a direct manner. During that period, Pohang was a sort of 'divided city' between the new POSCO city and the old Pohang city. Since 1990s with the waves of democratization, globalization and localization, however, a 'collaborative' industrial city is emerging in Pohang, in which POSCO and Pohang local government make a growth coalition machine for the city's economic development.