Posco Subsidiary Posco E&C to Build Luxury Han River-View Residences at Yongsan Depot

MT Newswires Live
06-02

Posco (KRX:005490) subsidiary Posco E&C plans to develop Otier Yongsan, a high-end residential complex at the Yongsan Maintenance Depot, in collaboration with 11 domestic and international experts.

UNStudio's Ben van Berkel will design a river-inspired exterior using Posco's PosMAC steel, while MIDAS will apply advanced structural analysis beyond seismic Grade 1 standards, among other collaborations, Posco said in a Friday press release.

Meanwhile, AI firm Ten Eleven conducted over 12,000 view simulations to ensure all units overlook the Han River. The Him E&C will design the "POSCO Big Link" passage connecting the Yongsan international business district and the Gateway.

Shares of Posco fell more than 2% in recent trade on Monday.

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