POSCO will join hands with KT and Mystech to build a" smart green city." POSCO signed a "business cooperation" with KT and Mystech, a maker of eco-friendly street facilities, at POSCO Center to build a "smart green city" on Oct. 21.
POSCO said that "Smart Green City" is a project being promoted by the Ministry of Environment as part of the Green New Deal policy. Through this agreement, the three companies will propose “smart street facilities" to local governments and form a task force to promote joint marketing.
The "smart street facility" is an eco-friendly street facility that combines POSCO's steel technology, KT's IoT technology and Mystech's manufacturing technology. The facility consists of a water supply block that can store rainwater and supply moisture to street trees in a timely manner, and a guard to prevent the uplift of roots.
POSCO is moving to develop 'smart street facilities' by combining the capabilities of large companies, small and medium-sized enterprises and venture companies.
The company will supply PosMAC, a special steel material that is resistant to corrosion, as a material for water supply blocks and protectors, and provide technology for using steel.
KT will establish an IT infrastructure platform that utilizes IoT sensors such as rainwater tube monitoring sensor and leakage current detection sensor on water supply block. Finally, Mystech will produce and supply street water supply block and protection stand.
Attending the signing ceremony were Kim Sang-kyun, head of POSCO's steel building materials marketing office, Lee Hyun-seok, head of KT's device business division, and Kim Jin-hwan, CEO of Mystech.
"It is significant that large companies, small and medium-sized enterprises and venture companies will work together to restore the green ecosystem in the local community. The eco-friendly image of steel will be enhanced in the steel building material market," said Kim Sang-kyun, head of POSCO's marketing division.