Korea Institute for Industrial Economics & Trade

Kyoung-in Hwang, Director of Strategic Industry Analysis

This session will examine the impact of the global EV market slowdown on Korea’s battery industry and explore new growth opportunities arising from shifts in demand. It will highlight the industrial potential of the rapidly expanding ESS market, driven by renewable energy deployment and the growing need for grid stability. The presentation will also discuss strategies for Korean companies to diversify their product and market portfolios, strengthen supply chain competitiveness, and pursue sustainable growth beyond the EV-centered business model, along with the necessary policy support.