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Battery
Domestic and Global Market Size and Status
of Different Types of Robots
Korea is the world's second-largest battery producer accounting for 21% of the world's electric vehicle battery (including ESS) capacity (as of 2021)
Globally competitive manufacturers of finished battery productsThe country has globally competitive manufacturers of finished battery products, and is also performing well in the materials segment such as anode and cathode materials.
Battery Cells,
All Focused in Korea
electrification trend and the subsequent surge in battery demand. The battery sector recorded the largest export volume ever,
with a 15.2% increase from USD 8.7 billion in 2021 to USD 9.99 billion in 2022.
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Domestic Battery Industry
Recognized for Global
CompetitivenessLG ES (LG Energy Solution), SK Innovation, and Samsung SDI, the so-called "Big Three" champions of the Korean battery industry, have been recognized for their competitiveness in the global market. According to the market share of lithium-ion batteries (LIBs) as of 2021, the three companies are the top players in the lithium-ion battery market in different size segments.
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Government and Corporate
Strategies to Champion the
Global Battery IndustryOn November 1, 2022, the Ministry of Trade, Industry and Energy (MOTIE) announced the Secondary Battery Industry Innovation Strategy with the vision of becoming the world leader of secondary batteries by 2030. The strategy set out objectives to increase Korea's global market share to 40% by 2030 and attract more than KRW 50 trillion in domestic investment by achieving three goals: 1) securing a stable battery supply chain, 2) building a high-tech innovation hub, and 3) creating a healthy industrial ecosystem.
Sanghun Lee
Key Industries Promotion Team
+82-2-3460-7514
sanghun@kotra.or.kr