Pohang Corporate Research Institute United for the 'Pohang Attraction' of Secondary Battery Specialized Complex

Citizens, Companies, Research Institutes, and Universities of Pohang United in Support of Attracting Pohang

'Pohang Corporate Research Institute Council' Regular General Meeting, Resolution to Attract Specialized Complex

On the 4th, Pohang City solidified its determination to attract a secondary battery specialized complex at the ‘Pohang Corporate Research Institute Council 2023 1st Regular General Meeting’ held at the EcoPro BM auditorium.

Pohang Corporate Research Institute Council solidifying their determination to attract the Pohang Secondary Battery Specialized Complex.

The meeting was held with the attendance of Gu Ja-sul, Senior Vice Chairman of the Pohang Corporate Research Institute Council, Kim Yoon-tae, CEO of EcoPro Innovation, Bae Young-ho, Director of Pohang Technopark, Jung Myung-sook, Head of the Battery Advanced Industry Division of Pohang City, and over 100 members of the Pohang Corporate Research Institute Council.

The Pohang Corporate Research Institute Council was established in 2020 with the purpose of promoting exchange among corporate-affiliated research institutes and strengthening R&D capabilities, with 125 heads of corporate research institutes in the Pohang area participating as members.

At the event, the city presented on the ‘Current Status of Pohang’s Secondary Battery Industry and Plans to Attract a Secondary Battery Specialized Complex,’ explaining Pohang’s future vision through the attraction of the specialized complex and building consensus among attendees.

Following the presentation, members held a banner inscribed with the phrase “World’s No.1 City in Cathode Material Production, Pohang ? the Optimal Site for Secondary Battery Specialized Complex!” in the auditorium, shouting slogans and performing a ceremony to wish for the attraction of the secondary battery specialized complex, embodying the hopes of 500,000 Pohang citizens.

Pohang City is focusing all efforts on designating the ‘Secondary Battery Specialized Complex’ by leveraging its locational advantage as the ‘Global No.1 Producer of Cathode Materials,’ the most critical core material in secondary batteries, the establishment of a full-cycle industrial ecosystem, and large-scale corporate investments.

Earlier in May, university students from Daegu and Gyeongbuk performed a ceremony supporting the attraction of the secondary battery specialized complex to Pohang, and in June, during the Citizen’s Day commemorative ceremony, a resolution rally was held to wish for the designation of the Pohang secondary battery specialized complex, showing the heated enthusiasm of the local community.

Pohang is the world’s No.1 city in cathode material production, which determines battery performance and output. It has established the only full-cycle industrial ecosystem for cathode materials in Korea through vertical integration of raw materials, precursors, cathode materials, and recycling. Moreover, Pohang produces both cathode and anode materials, making it a city recognized for its world-class competitiveness in the secondary battery industry’s material sector.

Furthermore, investments continue from global leading companies such as EcoPro, POSCO Future M, Energy Materials, and China’s CNGR, as well as from medium-sized enterprises, with confirmed investment amounts reaching 14 trillion KRW by 2027. Additionally, due to the explosive growth and large-scale investments of secondary battery companies, it is expected that by 2030, annual cathode material production will reach 1 million tons, with sales hitting 70 trillion KRW.

Jung Myung-sook, Head of the Battery Advanced Industry Division, said, “Pohang City is making united efforts with citizens, companies, research institutes, and universities to secure the designation of the secondary battery specialized complex. We will do our utmost to create a new chapter in Pohang’s development through this designation.”

The national advanced strategic industry specialized complex will be finally selected in July after evaluations by private expert committees and deliberations and resolutions by the National Advanced Strategic Industry Committee.

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