
The Ministry of Trade, Industry and Energy and the Battery Industry Association reward those who have contributed to the development of the domestic battery industry.
The Ministry of Trade, Industry and Energy and the Korea Battery Industry Association held a ceremony commemorating the '6th Battery Industry Day' at the Chosun Palace Hotel in Gangnam-gu, Seoul and awarded government awards to 20 people who contributed to the development of the domestic battery industry.
AI-generated summary
The Ministry of Trade, Industry and Energy and the Korea Battery Industry Association hold a ceremony to commemorate Battery Industry Day every year to encourage contributors to the development of the domestic battery industry.
20 people, including Ecopro BM CEO Moon-ho Choi and SK On Vice President Shin Young-ki, were awarded
(Seoul = Yonhap News) Reporter Jang Bo-in and Kang Tae-woo = The Ministry of Trade, Industry and Energy and the Korea Battery Industry Association held a ceremony commemorating the '6th Battery Industry Day' at the Chosun Palace Hotel in Gangnam-gu, Seoul on the 29th.
At the ceremony, government awards were awarded to a total of 20 people who contributed to the development of the domestic battery industry.
Lee Kang-myeong, CEO of Seongil Hitech, who received the Silver Tower Order of Industrial Service Merit, was recognized for pioneering Korea's first post-consumer lithium-ion battery recycling business and leading the local production and commercialization of key mineral recovery technologies such as cobalt, nickel, and lithium.
Choi Moon-ho, CEO of Ecopro BM, who received the industrial award, contributed to the local production and export industrialization of high-nickel cathode materials.
Shin Young-ki, vice president of SK On, who received a presidential commendation, was recognized for his contribution to expanding the adoption of domestic equipment and diversifying the supply chain of key materials in the process of building an overseas battery production base.
In addition, Samsung SDI professional Kim Young-ki received a Prime Minister's commendation for his contribution to internalizing anode materials for prismatic batteries and developing lithium iron phosphate (LFP) materials for energy storage systems (ESS), and Group Director Yoo Hee-eun received a commendation from the Minister of Trade, Industry and Energy for his contribution to the development of high-safety batteries.
A total of 4 people were awarded the Prime Minister's Citation, and 13 people were awarded the Minister of Trade, Industry and Energy's Citation.
In his opening remarks, Eom Ki-cheon, Chairman of the Korea Battery Industry Association, emphasized the need for strategic support at the national level to strengthen industrial competitiveness, saying that the field of battery use is expanding to artificial intelligence (AI) data centers, ESS, robots, and ships.
Lee Min-woo, head of the Industrial Growth Office of the Ministry of Trade, Industry and Energy, said in his congratulatory address, "We will discuss with the public and private sectors to prepare 'measures to strengthen the competitiveness of the battery industry' within the year to enhance the effectiveness of the domestic production promotion tax system that is currently under consideration for introduction."
AI outlook — possibilities, not facts
Measures to strengthen battery industry competitiveness to be prepared within the year
Very likely · Within months

The financial authorities held the National Growth Fund Fund Management Council and approved financial support for four projects worth 1 trillion won, including the construction of a solar power plant in Haenam, Jeollanam-do and the expansion of semiconductor front-end process facilities.

Global investment bank UBS lowered its KOSPI 12-month target from 8,000 to 7,500, reflecting concerns about worsening corporate performance due to the strong won. However, it is expected that there will be a gradual recovery next year.

SK Corporation signed a stock sale agreement to sell 100% of its shares in SK Signet, an electric vehicle fast charger manufacturer, to SK Electronic Link, an electric vehicle charging platform company.

In the Seoul foreign exchange market on the 29th, the won/dollar exchange rate closed at 1,336.8 won, down 0.9 won from the previous trading day due to the U.S. Federal Reserve's (Fed) interest rate freeze and dovish message.

Lotte Shopping has agreed to sell its Centum City department store outlet in Busan to rival Shinsegae Group as part of a strategic business restructuring and asset sale amid retail sector competition.

Korea Hydro & Nuclear Power terminated construction contract negotiations with a Daewoo E&C-led consortium for the landmark $18.6 billion Czech nuclear project following a dispute over construction costs and fixed-price terms.