S. Korea Considers Cash Subsidy for Battery Facility, Daily Says

South Korean government and the parliament are considering providing cash subsidy instead of tax credits to companies building battery production facilities in the nation, Korea Economic Daily says, citing unidentified industry sources.

• 15 lawmakers from ruling and opposition parties agreed on the need for direct refund and will propose related legislation soon
• The review is because more companies are building plants outside Korea
  • An analysis by the newspaper showed 96.3% of investment plans in 2025-2027 by companies including LG Energy Solution, Samsung SDI, SK On were assigned for overseas

To contact the reporter on this story: ...