South Korea: Leading in Lithium Battery Production and Innovation

South Korea is home to some of the world’s largest battery manufacturers, including LG Energy Solution and Samsung SDI. South Korea’s opportunities in the lithium battery market are particularly driven by its leadership in the production of batteries for electric vehicles and energy storage. Challenges facing South Korea include competition from other battery manufacturers, environmental issues related to mining and disposal, and the need to innovate in the face of technological advances by global competitors. In addition, the South Korean government’s role in supporting the lithium battery industry through policies, research funding, and international partnerships.