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2 clusters · 4 sources · 5 days · First seen · Last updated
Gwangyang Bay Area secondary battery complex development
Overview
The Gwangyang Bay Area has been designated as a national specialized complex for the secondary battery industry, focusing on the refining and smelting of core minerals like lithium and nickel. The project covers six industrial complexes totaling approximately 21.32 million square meters and aims to create a comprehensive ecosystem linking raw material procurement, production, and recycling.
Following this designation, local officials and lawmakers have begun implementation steps. The government projects private investment of approximately 5.37 trillion won through 2036. To manage the development, a permanent task force consisting of local government, the assembly, and relevant corporations will be established to monitor investment and address corporate grievances. Additionally, efforts are underway to expand the involvement of local small and medium-sized enterprises and foster professional talent through partnerships with research institutes and universities.
Entities
Gwangyang Bay Area · Kwon Hyang-yeop · POSCO Future M · South Korean government · Gwangyang City
Timeline
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[BUSINESS] 2 sourcesGwangyang Bay Area moves to implement secondary battery complex
The Gwangyang Bay Area is transitioning to the implementation phase following its designation as a secondary battery specialized complex, with 5.37 trillion won in private investment expected by 2036.
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[BUSINESS] 2 sourcesGwangyang Bay Area designated as national secondary battery raw material hub
The Gwangyang Bay Area has been designated as a national specialized complex for secondary battery raw materials, covering 6.45 million pyeong to strengthen South Korea's lithium and nickel supply chains.
Sources
bjynews.com · gymtoday.net · incheonilbo.com · localsegye.co.kr