South Korea wants to be the world’s leading battery powerhouse within the decade.That was the ambitious vision president Moon Jae-in outlined last month, as he unveiled a new battery strategy that will see the government invest over 40 trillion won ($35 billion) by 2030. It’s part of South Korea’s goal of cementing its stature as a dominant global player in the industry and competing against the likes of China, Japan, and the US as the world transitions to renewable energy.The state-led strategy—which can also be described as industrial policy—includes tax incentives for research and development, government funding, policies to create new markets for batteries, and battery recycling. South K
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