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Dongbin Inner Harbor is one of a kind in Korea where the Hyeongsan River and Yeongilman Bay meet and flow through five islands including Songdo, Jukdo and Haedo, and Pohang citizens are proud to have it. It has been people’s livelihood from the Joseon Dynasty era to the Japanese colonial era and onto liberation and the Korean War. 
Since the 50s, after the end of the Korean War, the incoming population increased dramatically. In the 70s, Pohang Iron and Steel Company (POSCO) was built and the surrounding areas were also developed to ease a housing shortage by reclaiming land in 1974. With the urban development, the 1.3km waterway of the Hyeongsan River was blocked making a seawater pool in the Dongbin Harbor. The stagnant water and pollution changed the neighborhood into a slum which inevitably led to a loss of vigor.  
On November 2, 2013, this waterway was reborn and became a waterway of life with the Pohang Canal. Out of the 3.3km waterway that was blocked, 1.3km has been reopened. The remaining 2km will see the improvement of water quality leading to the overall ‘restoration of the ecological system.’ Domestic waste water that lay stagnant in the harbor for the last 40 years will be gradually cleared, and a cruise and a ferry will run along the new waterway. Construction of innovative tourism infrastructure of Pohang with various leisure and tourism facilities such as a waterside park, waterfront space, business hotel and theme park is planned.  
Pohang Canal will be a global port and become a beautiful tourist attraction similar to Sydney of Australia, Rio de Janeiro of Brazil and Napoli of Italy. 
 
- Current State of Pohang Canal 
Recreational area: 96,455㎡ (waterfront 62,467㎡, commercial land 33,955㎡) 
Exhibition Hall: 703.39㎡(1040, Huimang-daero, Nam-gu, Pohang-si (Songdo-dong))