South Korea's battery industry faces major challenges, and the government is considering launching a "Korean version of IRA" plan

The Korean battery industry is experiencing unprecedented challenges. In response, the Korean government and Congress are planning a plan called "Korean IRA". The plan aims to return investment funds to local battery factories through direct cash subsidies to prevent the emergence of an industry "hollowing out" crisis. If this policy is implemented, it may slow down the trend of the battery industry "de-Korea".