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Korea’s Policy Framework for Batteries 2030 K-Battery Development Strategy
Key Initiatives
(Announced in July 2021)
Vision: Make Korea the world’s No. 1 nation in next-generation batteries by 2030. Strategic Directions 1. 2. 3.
Secure unique, top-tier technological capabilities - promote large-scale R&D through public-private cooperation. Build global bases - form an ecosystem through industry-academia collaboration. Expand the battery market - create public- and private-sector demands.
(Secondary) Battery Industry Innovation Strategy (Announced in November 2022)
Vision: Make Korea the world’s strongest battery by 2030. Strategic Directions 1. 2. 3.
Secure a stable supply chain. Establish hubs for advanced technological innovation. Build a robust domestic industrial ecosystem.
Form a private-public and cross-industry "Battery Alliance"
Funded by Korea Trade Insurance Corporation and The Export-Import Bank of Korea (KRW 3T [USD 2.07B]/5 years)
Critical mineral projects (Chile, Canada, Australia etc.)
Building battery closed-loop system
Human resource development Investment in cutting-edge technologies
The government invests KRW 1T [USD 690M], and the private sector invests KRW 19.5T [USD 13.5B] by 2030
Build R&D center and production base (LGES, Samsung SDI, SK On) Promote investment in domestic facilities
The government invests KRW 5T [USD 3.45B] in loans and guarantees Build a domestic industry ecosystem
Professional development of 16,000 people by 2030
University courses specializing on batteries
Source: 2030 K-Battery Development Strategy, Battery Industry Innovation Strategy (in Korean), Exchange rate: 1 KRW=0.00069 USD
Extracted from the PDF; charts and images may read imperfectly.
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