Gradient becomes second largest shareholder of core battery material company Jeongseok Chemical

Acquisition of 17.94% Stake in Jeongseok Chemical

Gradient (CEO Ki-Hyung Lee) announced on the 21st that it has acquired a 17.94% stake (380,098 shares) in Jungseok Chemical, a key solid-state battery material company, becoming the second largest shareholder.

Jungseok Chemical, the leading company in lane marking paint, succeeded last year in developing mass production technology for high-purity lithium sulfide (Li₂S), a core material for solid-state batteries. Its major clients include global solid-state battery developers such as EcoPro BM and the US-based Solid Power. Additionally, to respond to the rapidly increasing demand, the company has started establishing its second factory in the Wanju Technovalley 2nd General Industrial Complex, accelerating its business expansion to secure a leading position in the lithium sulfide market.

Through this investment, Gradient plans to establish a friendly partnership with Jungseok Chemical and support its business by leveraging the distribution, logistics, and sales capabilities as well as the global purchasing infrastructure of its subsidiary, iMarket Korea. Gradient also intends to collaborate on Jungseok Chemical’s global market expansion.

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