Seoul: Hyundai Steel Co, South Korea's second-largest steelmaker, on Friday began operation of a private port in the western coastal city of Dangjin to ship products to and from its factory nearby, the company said. Hyundai Steel invested 63.4bn won (US$66.4m) in the construction of the 280-meter-long port in the town 123 kilometers southwest of Seoul. It plans to expand the port's width to 1,240 meters by the end of 2008, the company said. [08/09/06]
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