*To remind and to add,
These are the results of more than three years of efforts by the WTIA Group with Democratic Republic of The Congo Government and State Operated Industries.
The WTIA's delegation visit coincided with the visit of Mr. Ham Sang-wook, Deputy Foreign Minister for multilateral affairs who paid a courtesy call on President Félix Antoine Tshisekedi Tshilombo, hoping to further strengthen bilateral relations.
President Felix Tshisekedi said he hopes to expand cooperation in areas such as energy, health, agriculture, education, and hydroelectric power.
Chairman Keun-Young Kim expressed finally "Hope the projects carried out by the WTIA Group will be astounding success, helping the economic development of the Democratic Republic of The Congo and laying the foundation for securing Korea's future growth engine too".
The TIME is NOW for close cooperation between Democratic Republic of The Congo and South Korea in the fierce competition to secure a Global Supply Chain across various industries for the benefit of both the Great Nations.
South Korea to invest in battery industry
South Korea’s government wants to support domestic battery manufacturers with billions of dollars in investment.
Not only the well-known industry giants such as LG Energy Solution, Samsung SDI or SK Innovation are to benefit from this, but also smaller companies.
Concrete targets for individual battery technologies have also been set.
By 2030, manufacturers like LG Energy Solution, Samsung SDI and SK Innovation want to invest around 40 trillion won (30 billion euros) – in research and development, but also in production.
The government is to help with this via tax incentives and other support, as shown in the “K-battery strategy” now published as a public-private partnership.
“The K-battery industry is an essential industry that will open the door to the future,” South Korean President Moon Jae-in said at an event at LG Energy Solution’s battery plant in Ochang.
“It’s an industry where we have been taking the global initiative, and it’s a field where we have to secure a greater initiative.”
Representatives from rivals SKI and Samsung SDI also attended the event.
The South Korean battery makers are among the industry leaders, but companies such as CATL from China had recently broken the supremacy.
“The global competition is just getting started, as the US, Europe and China are making moves to establish their own manufacturing infrastructure, battery technologies and supply chains,” an industry ministry official added.
“The next five years will decide the standing of each country in the global battery market.”
He went on to speak martially of an “all-out war” for which they have devised a comprehensive strategy.
The billions of dollars of investment mentioned are intended to achieve the three main goals of the plan: securing unrivaled battery technologies, building a robust ecosystem and creating new markets.
As announced at the event, according to the “K-Battery Strategy”, lithium-sulphur batteries are to be commercialised by 2025, solid-state batteries by 2027 and lithium-metal batteries by 2028.
A ‘Battery Park’ is to be built by 2026, where researchers can develop and test next-generation batteries.
South Korea announced a similar strategy for the semiconductor industry in April.
www.electrive.com/2021/07/09/south-korea-to-invest-in-battery-industry/
View attachment 3366518
View attachment 3365336
