On June 11, POSCO held its ninth Idea Marketplace at the Seoul POSCO Center and held an event to support various venture companies that will be rooted in the national creative economy.

Traditional commercialized wave-power generator technology was less cost-effective in terms of the high-cost submarine transmission costs and was unsuitable for applying to most islands.INGINE’s wave-power generator is able to be installed at shallow sea levels, and no additional transmission costs are incurred.Recognized for its clean energy technology suitable for the island region, INGINE was chosen as the POSCO IMP investment target enterprise and won the first prize in audience assessment at the event.

The Idea Marketplace is POSCO’s representative venture opening support program, which promotes venture ideas to investors and directly invests in excellent venture companies.In addition, it supports continuous growth of venture companies connected with the POSCO Creative Economy Center, which opened in January this year.