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The Pohang local government requested in 2019 that the National Assembly and the central government work closely together to draft special legislation that identifies and compensates the victims of the 2017 Pohang earthquake, as more and more citizens are joining the lawsuits. In March 2024, an article published by one of Korea's largest ...
EGS plants are expected to have an economic lifetime of 20–30 years. [8] EGS systems are under development in Australia, France, Germany, Japan, Switzerland, and the United States. The world's largest EGS project is a 25-megawatt demonstration plant in Cooper Basin, Australia. Cooper Basin has the potential to generate 5,000–10,000 MW.
The pilot Enhanced Geothermal System (EGS) project started in 2010 was halted after a magnitude 5.4 earthquake in 2017 near the EGS site, which raised safety concerns about induced seismic activity and led to the cessation of deep geothermal exploration and a reduction in funding for geothermal research. [1]: 1, 2022 Report
The proximity of the seismic sequence to an EGS site, where stimulation operations had taken place only a few months before the earthquake, raised the possibility that this earthquake had been anthropogenic. According to two different studies it seems plausible that the Pohang earthquake was induced by EGS operations. [56] [57]
Pohang is the terminus for a number of ferry routes serving the adjacent Sea of Japan, including the main tourist route for Ulleung Island and Liancourt Rocks. Pohang is the home of POSCO (the Pohang Steel Company), one of the largest steel producers in the world, and a host of related industries. As a result, the port shipped a total of 54.8 ...
The parent company of Expert Global Solutions, after its acquisition by Alorica in June 2016 [2]. Founded in 2012, Expert Global Solutions, Inc. (EGS, formerly NCO Group), based in Plano, Texas, [3] was a privately owned business process outsourcing company.
The beach is also home to the Hands of Harmony sculpture. The shore of Homigot, which is the tip of Pohang's Yeongil Bay , is a place where the cold currents and warm currents intersect. Accordingly, fixed shore net fishing is active and there are plenty of fish resources such as squid and mackerel pike.
The Homigot Lighthouse (Korean: 호미곶등대) is an active lighthouse in Pohang, South Korea. With a height of 26.4 metres (87 ft), it is the tallest in South Korea. With a height of 26.4 metres (87 ft), it is the tallest in South Korea.