According to the Korea Times, on the 5th, South Korean Minister of Trade Moon Sung-wook held a meeting with senior executives of South Korean battery companies at the Samsung SDI battery manufacturing plant in Ulsan, an industrial city in southeastern South Korea.

According to the report, the minister told the participants at the beginning of the meeting that South Korea will promote the formulation of special laws to support core industries such as secondary batteries and semiconductors, stabilize the supply chain and ensure future competitiveness. South Korea will boldly pursue the development of battery technology, cultivate enterprises, and train industry professionals.

Executives from Samsung SDI, EcoPro BM, Chunbo, Isu Chemical, Iljin Materials and Dong-Il Aluminum participated in the meeting.

The executives of the participating companies shared their views on the development strategy of the battery industry. They agreed that policy support for next-generation technology development, personnel training, cooperation between public institutions and private enterprises, and cross-company cooperation is necessary.

The South Korean government is scheduled to announce its battery strategy this week. In May of this year, South Korea announced its K-semiconductor strategy, and plans to cooperate with companies such as Samsung and SK Hynix by 2030 to establish the world's largest chip supply chain in South Korea.

LGES, Samsung SDI and SK Innovation will update their investment plans to include details of facility expansion. In addition, the government plans to help companies that want to hire senior people and get greater tax incentives to relocate.

After meeting with corporate executives, Minister Moon Sung-woo also held a tea party with the students of Ulsan National Institute of Science and Technology to encourage them to carry out scientific research. He said that the demand for professionals in the secondary battery industry is increasing in quantity and quality, and the value of battery professionals with theoretical and practical capabilities will further increase.