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Poscore recycles steel scrap into magnetic powder and motor cores for electric motors and other equipment.
Founded in 2023 and based in Pohang, South Korea, Poscore makes magnetic powder and motor cores from unused steel scrap. Its materials serve automotive electronics, electric vehicles, home appliances, generators, and motors. In January 2024, it raised KRW 1 billion in seed funding led by Korea Investment Accelerator, with Schmidt and HYU Holdings participating.
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