The 7th Chairman of the Battery Industry Association Appointed as Kwon Young-soo, Vice Chairman of LG Energy Solution

Jeonji Industry Association → Battery Industry Association Name Change

[Asia Economy Reporter Jeong Dong-hoon] The Korea Battery Industry Association held the '2023 Battery Industry Association Board of Directors Meeting and General Assembly' at 10 a.m. on the 23rd at JW Marriott Hotel Seoul, where Kwon Young-soo, Vice Chairman of LG Energy Solution, was appointed.

Chairman Kwon will lead the association for three years. At this general assembly, the association changed its name from 'Korea Battery Industry Association' to 'Korea Battery Industry Association' to lay the foundation for a new leap forward.

Kwon Young-soo, the new chairman of the Korea Battery Industry Association (Vice Chairman and CEO of LG Energy Solution). Photo by LG Energy Solution

The Korea Battery Industry Association is an organization officially launched on November 1, 2011, with the goal of "securing national competitiveness in the battery industry." It is the largest battery-related association in Korea, with major domestic battery and battery material/component companies such as LG Energy Solution, the three domestic battery companies, POSCO Chemical, L&F, and EcoPro BM as members.

Vice Chairman Kwon Young-soo was selected as the 7th chairman, following the 6th chairman Jeon Young-hyun (Vice Chairman of Samsung SDI). He is the third from LG after Lee Woong-beom and Kim Jong-hyun.

In his inaugural speech sent to association members, newly appointed Chairman Kwon said, "Batteries, which are leading innovation in the mobility industry, are the 'core driving force for sustainable growth' that will lead an eco-friendly future," adding, "The US, EU, and China are fiercely competing to secure the competitiveness of their domestic companies."

Chairman Kwon emphasized that the role of the association is more important than ever amid global economic uncertainties such as supply chain disruptions and the spread of protectionism. He expressed his ambition, saying, "By newly launching as the 'Korea Battery Industry Association,' we will unite the will of member companies to overcome crises and become a strong partner that can strengthen competitiveness."

He continued, "To grow the battery industry into a national core strategic industry following semiconductors and displays, we will work closely with the government to improve regulations, support technology development, and create new markets by strengthening supply chain competitiveness and establishing a sustainable battery circulation system, sparing no effort to secure leadership in the future battery market."

The new chairman is expected to soon establish specific operational directions and key tasks for the association and begin full-scale official work.

Industry insiders expect Vice Chairman Kwon, who has grown LG Energy Solution into the world's top battery company, to also play a role in the development of Korea's battery industry.

A battery industry official said, "Vice Chairman Kwon has upgraded LG Energy Solution through successful IPOs and joint ventures with leading automakers," adding, "As chairman of the Korea Battery Industry Association, we expect him to demonstrate leadership in strengthening the status of the secondary battery industry, a national strategic industry, and expanding its scope as a global association."

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