Important message for WDS users

The IEA has discontinued providing data in the Beyond 2020 format (IVT files and through WDS). Data is now available through the .Stat Data Explorer, which also allows users to export data in Excel and CSV formats.

Read documentation
Policies

Additional Support Measures to Encourage Exports: Batteries

Last updated: 20 May 2024

In September 2023, the Korean government's Emergency Economic Ministers Committee (led by the Ministry of Economy and Finance) announced Additional Support Measures to Encourage Exports, a portfolio of policy measures aimed at boosting export competitiveness through a combination of deregulatory measures, financing support, and government grants. 

Measures include both general support that apply to a wide range of industries; and specific funding measures aimed at key strategic industries (including energy, semiconductor, and battery manufacturing industries).

Specific funding measures for batteries include:

  • R&D funding for lithium iron phosphate battery and sodium battery technology (KRW 2.6 billion; 2024 -)
  • Establishment of a "battery park" for R&D and demonstration purposes (KRW 34 billion; 2022-2026)

Want to know more about this policy ? Learn more

Topics
Policy types
Sectors
Technologies