Korea & Company Enters Secondary Battery Component Business

Electrode Foundry Company JR Energy Solution

Korea & Company announced on the 25th that it made a Series A investment worth 9 billion KRW in JR Energy Solution, a secondary battery electrode foundry company.

JR Energy Solution is a startup that produces lithium-ion battery material electrodes based on smart factory technology. This year, it built a 500 MWh scale electrode factory in Eumseong, Chungbuk. With this investment, Korea & Company acquired a 15.2% stake, becoming the third largest shareholder and a strategic investor.

Hankook Tire & Technology Headquarters
[Photo by Hankook & Company]

Korea & Company’s ES Business Division has been exploring entry into the lithium-ion battery business as a future growth engine. After verifying the company's potential, business feasibility, and technology, it decided to invest this time. It anticipated synergy by leveraging its accumulated technology in lead-acid battery business and experience dealing with finished car manufacturers.

Korea & Company stated, "The global lithium-ion battery market is expected to grow sharply until 2030," adding, "The demand for electrode outsourcing from global battery manufacturers, startups, and equipment manufacturers is expected to increase significantly."

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