South Korea is actively promoting hydrogen-based steelmaking as a key strategy for achieving carbon neutrality by 2050. The government, led by Deputy Prime Minister Choi Sang-mok, visited POSCO's Pohang Steelworks to discuss measures for boosting investment in hydrogen-based steelmaking. The government has supported POSCO's 20 trillion won project by shortening administrative procedures and facilitating a faster groundbreaking process. The total forecasted investment effect upon project completion is 40 trillion won, with a commitment to carbon neutrality in the steel industry. The government is providing full support for corporate efforts towards carbon neutrality, including expanding green finance and increasing financial support for R&D in core carbon-neutral technologies. The government is also enhancing tax support for corporate investments, strengthening the deduction rate for investment growth, and extending temporary investment tax credits. Hydrogen-based steelmaking technology has been designated as a national strategic technology, signaling its importance in South Korea's industrial landscape. Additionally, investments in industry infrastructure, such as specialized secondary battery clusters, are being reinforced to support the growth of advanced industries. The government's plans include expanding support for supply chain stability through the Supply Chain Stabilization Fund. POSCO Group companies involved in secondary battery materials have been selected as leading businesses and will receive additional support for their investments. Overall, South Korea's efforts in accelerating investments in hydrogen-based steelmaking demonstrate a positive sentiment towards sustainable growth and carbon neutrality in the steel industry.