South Korea's battery industry is accelerating its layout, but its market share is under pressure

In recent years, Korean companies have accelerated their layout in the battery industry. Although Samsung, SK, LG and other Korean groups have successively announced large-scale investment plans, their financial reports and market share continue to be under pressure. In 2023, SK Innovation's operating profit was 1.9 trillion won; LG Energy Solution's operating profit was 2.16 trillion won; Samsung SDI's operating profit was 1.63 trillion won.