South Korea’s first integrated steelworks, built in close coordination with Japan, opened in June 1973. (Photo courtesy of POSCO)

KOTARO HOSOKAWA, Nikkei staff writer |

SEOUL — Fifty years ago to the day, the furnaces of South Korea’s first integrated steelworks in Pohang fired into action, catalyzing the country’s meteoric postwar recovery effort.

But there was an extra layer of significance to the events of June 8, 1973.

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