AWS has a huge deposit on the pacific ocean..very convenient for shipping to Korea. In addition the Alska deposit has some titanium which is preferred in the Korean Mills....Chinese mills cannot handle titanium contamination but Korea welcomes it and actually pay a premium for it.
Here is recent thirst for iron by Korea
South Korean steelmaker Posco has secured exclusive negotiating rights to acquire a stake in a Canadian iron ore mine operator controlled by ArcelorMittal, a source who has knowledge of the matter said on Tuesday.
Posco is seeking to form a consortium to buy the stake with South Korea’s National Pension Service and other investors, the source said, but declined to elaborate on the size of the planned stake.