LS Group will invest over 1.8 trillion won ($1.3 billion) in the Saemangeum National Industrial Complex to build a large secondary battery precursor factory capable of producing 120,000 tons of the material starting in 2028, according to a ministry-supervised organization, Wednesday.
President Yoon Suk Yeol on Tuesday commended his administration for attracting $16.5 billion of foreign investment to South Korea in the first half of the year, calling it "the largest ever." Stressing that a total of $940 million in investments from six European high-tech companies was clinched during his recent trip to France and Vietnam, Yoon urged Cabinet members to continue efforts in facilitating deal.
Local Firm to Build Lithium Salt Plant in Saemangeum koreabizwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreabizwire.com Daily Mail and Mail on Sunday newspapers.
■ LG Chem to sign MOU with stakeholders including China s Huayou Cobalt for investment in battery precursor plant in Saemangeum, Korea ■ Groundbreaking of the plant. | April 18, 2023
(Page 1) LG Chem (Seoul, South Korea) is reinforcing its battery materials supply chain by joining hands with China’s Huayou Cobalt to build a precursor plant in