POSCORE (포스코어)

POSCORE is a Korean startup with the slogan “Creating Powder Success Story” that focuses on providing eco-friendly magnetic powder and motor-core business by recycling unused steel scrap. Their goal is to create an eco-friendly, high-efficiency, and low-cost motor core production process, essential for the transition to electric vehicles in the automobile industry. With the increasing global focus on reducing CO2 emissions and the shift towards green energy, there is a growing demand for their products. In response to the anticipated shortage of supply in electrical steel as combustion engines are replaced by electric motors, POSCORE is strategically positioning itself to address this gap through the KRW1.00BSeed Round investment received on 29 January 2024 from Schmidt, HYUH, Korea Investment Accelerator. As a part of the POSCO group, the company is set to become a symbolic startup stimulating the Korean startup ecosystem while contributing to the reduction of CO2 emissions and environmental steel management. Their future plans also include developing a 'Magnetic Powder Total Platform' to lead the K-Powder industry market.