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Parts and materials technology development
Industry Ministry holds committee meeting to create local jobs in Gumi 2021-12-29
(21.12.29)제5차 상생형지역일자리 심의위원회01.jpg 1
Trade, Industry and Energy Minister Moon Sungwook attended a committee meeting on December 29 to create local jobs in Gumi, for which LG Chem, Korea’s electric vehicle battery maker, will invest KRW 475.4 billion (USD 460 million) in building a cathode material plant and create 187 jobs over the course of three years.

Minister Moon said that the large-scale investment on cathode materials will not only revitalize the local economy but also contribute to stable supply of key materials for the production of secondary batteries.