The Role of the Government in the Development of the Rechargeable Battery Industry in Korea

Eunsun Jeong, Jai S. Mah

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1 Scopus citations


This article discusses the role of the government in the development of the rechargeable battery, particularly the lithium-ion battery, industry in Korea. The Korean government aimed to promote the small-sized rechargeable batteries in the late 1990s and early 2000s. It began to emphasize support of the middle- to large-sized lithium-ion batteries in the early 2010s. The policy measures have comprised enhancing infrastructure such as human capital and establishment of a rechargeable battery testing center, increasing R&D expenditure, and promoting the electric vehicle (EV) industry through tax and financial incentives, public procurement, and increasing the number of EV charging facilities. Korea has become one of the leading lithium-ion battery producers in the world. The three large Korean companies, i.e. LG Chem, Samsung SDI, and SK Innovation, have come to share more than one-third of the global production of lithium-ion batteries in 2020. Korea’s experience provides policy implications to other countries intending to develop technology-intensive industries. It would be needed for the WTO system to modify the provisions in the sense of providing policy space for development of technology-intensive industries of developing countries.

Original languageEnglish
Pages (from-to)202-220
Number of pages19
JournalPerspectives on Global Development and Technology
StatePublished - 2022

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  • government policy
  • infrastructure
  • Korea
  • lithium-ion battery industry
  • R&D


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