Korea and Poland Strengthen Cooperation in Supply Chains and Batteries... Expanding Collaboration in Advanced Industries

Yonhap News Agency

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South Korea and Poland have agreed to strengthen cooperation in supply chains and advanced industries. Following recent high-level exchanges after the summit between the two nations, both sides are accelerating efforts to expand economic cooperation.

According to the Ministry of Trade, Industry and Energy on April 24, Jeongseong Park, Deputy Minister for Trade, met with Michal Jaros, Undersecretary of State at Poland's Ministry of Economic Development and Technology, in Seoul to discuss ways to enhance economic cooperation between the two countries, as well as collaboration in supply chain and advanced industries.

Both sides noted that Poland is one of South Korea's key trading partners in the European Union (EU) and the largest destination for Korean investment among the Visegrad Group countries. They agreed that trade and investment between the two countries continue to show stable growth. In particular, building on the foundation of large-scale investments by Korean companies in the battery sector, the two countries agreed to work together to further expand trade and promote a more balanced trade structure.

South Korea emphasized that energy storage systems (ESS) are a core sector directly linked to energy security, and requested that batteries produced by Korean companies in Poland be utilized more extensively in Polish ESS projects. In addition, South Korea asked for cooperation so that the battery industry can be included in the scope of Poland's "Law on Support for Energy-Intensive Industries." Regarding the EU's subordinate regulations on the Battery Regulation, South Korea called for a predictable and rational regulatory framework.

Concerning the EU's Industrial Acceleration Act (IAA), the South Korean government positively evaluated the principle of equal treatment for products from countries with free trade agreements (FTA) with the EU, and requested Poland's cooperation to ensure that this principle is implemented consistently across the EU.

The two countries also shared the view that, amid the restructuring of global supply chains, strategic competition among major countries, and the acceleration of energy transitions, it is increasingly important to cooperate in strategic sectors such as key minerals, batteries, and defense industries, where economic and security interests intersect.

The Ministry of Trade, Industry and Energy announced its plan to further strengthen cooperation with the Polish government going forward, aiming to achieve tangible results in core areas such as supply chains, energy transition, and advanced industries.

Deputy Minister Park stated, "South Korea and Poland have built a stable foundation for cooperation based on mutual trust. We look forward to seeing substantial results in not only strategic industries such as batteries, but also in the stabilization of supply chains and advanced technology sectors."

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