Korea's Trade and Climate Ministries Collaborate on EV Battery Recycling Strategy
A memorandum of understanding was signed between the Ministry of Trade, Industry and Resources and the Ministry of Climate, Energy and Environment in Korea to enhance the recycling of spent electric vehicle batteries. This agreement aims to improve national supply chains for critical battery minerals like lithium, nickel, and cobalt, which are essential for battery production.
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The Ministry of Trade and the Ministry of Climate signed a memorandum to enhance the recycling of spent EV batteries, critical for national resource security. The agreement includes integrating tracking systems for battery distribution and lifecycle management, harmonizing environmental certifications, and updating regulatory frameworks for transport and safety.
The ministries will also maintain regional collection centers and initiate joint research on energy storage and material extraction. A working-level council will oversee the execution of this agreement, aiming to establish a sustainable ecosystem for battery recycling and support a circular economy.
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