South Korean Battery Industry Alerted by US 'Concerned Entity ...

South Korea's battery industry is concerned about the potential designation of Chinese companies as "Foreign Entities of Concern" by the US, which could hinder firms from receiving subsidies. LG Chem has announced plans for a joint-venture plant in Morocco with China's Huayou Group to produce cathodes for the North American market. LG Chem emphasized that they will adjust equity ratios in line with FEOC regulations. Local firms have sought collaborations with Chinese companies to secure stable raw material supplies, but uncertainties about FEOC criteria remain. Efforts to diversify imports are underway, but a complete transition from China is unrealistic.

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