The Korea Times close
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
Business
  • Tech
  • Bio
  • Companies
Finance
  • Companies
  • Economy
  • Markets
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
Entertainment
& Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
Sports
World
  • SCMP
  • Asia
Video
  • Culture
  • People
  • News
Photos
  • Photo News
  • Darkroom
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
Business
  • Tech
  • Bio
  • Companies
Thu, May 19, 2022 | 20:29
Manufacturing
Korea to unveil support plan for battery sector this week
Posted : 2021-07-05 10:29
Updated : 2021-07-05 10:29
Print Preview
Font Size Up
Font Size Down
gettyimagesbank
gettyimagesbank

South Korea's industry ministry said Monday it plans to soon unveil a detailed blueprint to nurture the rechargeable battery sector, with the goal of the country taking the lead in the segment.

"We plan to spare no efforts to develop technologies for rechargeable batteries and foster businesses in the field of materials, parts and equipment," Industry Minister Moon Sung-wook said during his visit to a production line of Samsung SDI Co. in the southeastern city of Ulsan.

Over the first half of 2021, South Korea's exports of rechargeable batteries advanced 24.1 percent to $4.3 billion.

In June alone, the volume shot up a whopping 47.6 percent to $755 million, in line with rising global demand for electric vehicles and Washington's environment-friendly policies.

South Korea has been rolling out a set of blueprints to foster key growth engines and brace for the post-pandemic economic recovery.

In May, the country said it would provide massive tax incentives and state subsidies to chipmakers to encourage them to spend a combined 510 trillion won (US$448.9 billion) by 2030, as part of its vision to become a global powerhouse in both memory and non-memory chips. (Yonhap)


 
  • People in North Korea trapped in famine and pandemic [PHOTOS]
  • Kim says Chinese permanent residents should be stripped of right to vote in Korea
  • Anti-LGBTQ sentiment widespread in Korea: survey
  • South Korea to join US-led Indo-Pacific economic initiative
  • CJ, Ottogi uneasy about Harim's tactics to sell new cooked rice
  • Protecting Korea's semiconductor leadership
  • [INTERVIEW] Yoon's efforts to bolster Korea-US alliance will inevitably disturb China
  • North Korea asks China, Russia for help amid COVID crisis: reports
  • Luna debacle casts ripple effect over Korean stocks
  • Fear of deadliest famine in 1990s haunts North Korea amid national lockdown
  • Le Sserafim member Kim Ga-ram's bullying allegations resurface Le Sserafim member Kim Ga-ram's bullying allegations resurface
  • PSY's first boy group TNX makes much-anticipated debut with EP 'Way Up' PSY's first boy group TNX makes much-anticipated debut with EP 'Way Up'
  • Girls' Generation to make comeback in August after five years Girls' Generation to make comeback in August after five years
  • Musical 'Beethoven' to hit stage next year Musical 'Beethoven' to hit stage next year
  • 'Doctor Strange 2' tops 5 million admissions 'Doctor Strange 2' tops 5 million admissions
DARKROOM
  • People in North Korea trapped in famine and pandemic [PHOTOS]

    People in North Korea trapped in famine and pandemic [PHOTOS]

  • 2022 Pulitzer Prize: Bearing witness to history

    2022 Pulitzer Prize: Bearing witness to history

  • Worsening drought puts millions at risk

    Worsening drought puts millions at risk

  • Our children deserve the best

    Our children deserve the best

  • End of mask mandates

    End of mask mandates

The Korea Times
CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Location
  • Media Kit
  • Contact Us
  • Products & Service
  • Subscribe
  • E-paper
  • Mobile Service
  • RSS Service
  • Content Sales
  • Policy
  • Privacy Statement
  • Terms of Service
  • 고충처리인
  • Youth Protection Policy
  • Code of Ethics
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group