Moon Seung-wook, Minister of Industry, "Will Strengthen the Production Base of Materials, Parts, and Equipment for the Secondary Battery Ecosystem"

Moon Seung-wook, Minister of Trade, Industry and Energy. (File photo) [Image source=Yonhap News]

[Asia Economy Reporter Joo Sang-don] Moon Seung-wook, Minister of Trade, Industry and Energy, stated on the 9th, "We will strengthen the production base of materials, parts, and equipment to become a powerhouse in the secondary battery ecosystem."

On this day, Minister Moon made these remarks at a meeting with major secondary battery companies held at COEX.

The meeting, held following the opening ceremony of the InterBattery exhibition, was attended by Jeon Young-hyun, President of Samsung SDI; Ji Dong-seop, Business Representative of SK Innovation; Kim Dong-myung, Vice President of LG Energy Solution; and Min Kyung-jun, CEO of POSCO Chemical. They explained that although they are investing in domestic and overseas facilities, building supply chains, and developing technologies to secure competitiveness, there are limits to individual company efforts, and thus they requested bold government support.

In response, Minister Moon said, "We will actively support differentiated technology development so that the secondary battery industry can continuously lead the global market," and added, "It is important for the entire industry to unite and cooperate to strengthen the overall health of the domestic secondary battery industry ecosystem."

Regarding the recent Korea-US summit last month, where both countries agreed to strengthen cooperation in strategic industries including batteries, Minister Moon said, "It is expected to greatly contribute to enhancing the competitiveness of our battery industry through the establishment of a mutually beneficial battery supply chain," and urged, "Companies also need to make good use of the outcomes of the Korea-US summit."

The Ministry of Trade, Industry and Energy plans to promptly establish and announce the "Secondary Battery Industry Development Plan," including the results of this meeting, to strengthen the competitiveness of the domestic secondary battery industry and advance the ecosystem.

Meanwhile, the InterBattery exhibition, now in its 9th year, has prepared a record scale of 229 companies and 500 booths, reflecting the recent growth of the secondary battery industry and public interest. Companies from various fields such as secondary battery manufacturing, materials-parts-equipment, and recycling are participating, allowing a comprehensive view of the industry's latest products and technological information. Additionally, through an online and offline international conference, domestic and international experts share their views on the present and future of the secondary battery industry.

This content was produced with the assistance of AI translation services.