Choo Kyung-ho "Plan to Strengthen Competitiveness of Secondary Battery Industry to be Announced Within the Year"

Deputy Prime Minister Choo Kyung-ho Visits Secondary Battery Research Equipment Manufacturer Goryeo Giyun

Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho announced plans to establish measures to strengthen the competitiveness of the secondary battery industry.

On the 3rd, Deputy Prime Minister Choo visited Korea Kiyun, a manufacturer of secondary battery research equipment, and made this statement. He said that R&D investment in secondary batteries, including all-solid-state batteries, will be significantly expanded next year, and that a tentative "Secondary Battery Industry Competitiveness Enhancement Plan" will be prepared within the year to foster the ecosystem of the secondary battery industry. According to the government, R&D investment in secondary batteries increased by 80%, from 13.7 billion KRW this year to 24.6 billion KRW.

In addition, he announced plans to review 150 urgent "killer regulations" with significant impact and to prepare a tentative "SME Killer Regulation Innovation Plan" within the year. A region-specific customized plan to resolve underemployment will also be announced by November. He also mentioned plans to support small and medium-sized enterprises wishing to expand overseas by utilizing the overseas Korean network.

Furthermore, Deputy Prime Minister Choo noted that the recent economic trend has begun to enter a recovery phase, with exports expected to turn positive in the fourth quarter, and urged the industry to actively invest in facilities and explore overseas markets. He also pledged to make every effort to support SME exports by increasing next year’s export voucher budget by 17% and the overseas exhibition budget by 23%, respectively.

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