Approval of New Business Restructuring for 46 Companies Including Battery Sector, Investment Effect of 414.5 Billion Won
The government has approved the business restructuring of new industry ecosystems such as batteries and healthcare, with a total of 46 companies set to newly employ 1,172 people and implement investments worth 4,414.5 billion KRW.
The Ministry of Trade, Industry and Energy announced on the 21st that it approved the business restructuring plans based on these details through a written meeting of the Business Restructuring Plan Review Committee held on the 20th. The approved companies will proactively undertake business restructuring to strengthen the industrial ecosystem.
In the battery sector, seven companies were approved, including those involved in cathode and anode materials (CIS Chemical, Fine Clean), battery heat dissipation pads (C&B Tech), robot process inspection equipment for battery assembly (Hanmac Controls), and used battery management systems (Seongdo Hightech).
In the healthcare sector, companies are also undertaking business restructuring across all stages of diagnosis, treatment, and management to improve their structure. Additionally, approved companies emerged in the future car sector (18 cases including battery packs for electric vehicles), IT sector (6 cases including intelligent fire detectors), and others (11 cases including semiconductor wafer chucks).
Hot Picks Today
As Samsung Falters, Chinese DRAM Surges: CXMT Returns to Profit in Just One Year
- "Most Americans Didn't Want This"... Americans Lose 60 Trillion Won to Soaring Fuel Costs
- Man in His 30s Dies After Assaulting Father and Falling from Yongin Apartment
- Samsung Union Member Sparks Controversy With Telegram Post: "Let's Push KOSPI Down to 5,000"
- "Why Make Things Like This?" Foreign Media Highlights Bizarre Phenomenon Spreading in Korea
The government emphasizes the importance of business restructuring to respond to changes in the economic environment such as carbon neutrality and digital transformation. Jang Young-jin, the 1st Vice Minister of the Ministry of Trade, Industry and Energy, stated, "Since the Corporate Vitality Act, which was scheduled to expire in August next year, has been made permanent, we will strengthen the cooperation system with leading companies by industry, economic organizations, and related ministries to expand support for sectors that require business restructuring."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
