Pohang University of Science and Technology

Pohang University of Science and Technology (POSTECH) is a private research university in Pohang, South Korea. POSTECH was established in 1986 in Pohang, Korea by POSCO, a steel company. POSTECH hosted POSCO's Research Institute of Science and Technology (RIST) on campus. In 1994, POSTECH set up the Pohang Accelerator Laboratory (PAL), a 3rd-generation synchrotron light source and now a national facility. PAL-XFEL, a 4th-generation light source X-ray free electron laser (XFEL) was completed in 2016 at the cost of US$390 million, the third of its kind in the world, and will open up new frontiers and research areas in life sciences, materials, chemistry, and physics.