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Korea invests to protect EV battery makers in trade spat with Japan

Thu, 08/08/2019 - 10:27 -- John Shepherd
Korea invests to protect EV battery makers in trade spat with Japan

South Korea has confirmed plans to invest about 7.8 trillion won (US$6.5 billion) in supporting the country’s battery sector and other key domestic industries in a trade row with Japan.

South Korea said it would boost “self-sufficiency” for 100 key components, materials and equipment items such as semiconductors used in battery packs for electric vehicles— aiming to ease the country’s dependency on other nations.

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