Growing need to develop new parts and materials to enhance the competitiveness of Korean industries and lessen their dependency on imports: - Greater investment from government and the private sector is needed to support the development of parts and materials for Korean rechargeable battery that is more competitive than rivals worldwide. - Although Korean businesses have been expanding their market shares, they still remain dependent on imported anode and cathode materials imported from Japan. - Diplomatic, research and other efforts are needed to ensure supply of raw materials necessary for rechargeable batteries. Greater effort to strengthen collaboration: - Given the importance of policy support for the growth of next-generation battery technologies and the rising competitiveness of Korean rechargeable batteries today, it is important to enhance the commitment of both the government and the private sector to collaboration, while also increasing the latter’s share of investment so as to enhance its accountability. - The government R&D projects on rechargeable batteries should have clear goals and effective strategies for fostering collaboration among suppliers, manufacturers, and client companies, with such strategies regularly reviewed and upgraded. Urgent need to develop research workforces and establish patent strategies: - Policy measures are needed to develop the core R&D workforce in proportion to the pace at which the rechargeable battery market is growing, and also to prevent losing talented researchers to foreign/global companies. - Strategic measures are also needed, including those for securing core patents on newly developed technologies and sharing patented technologies with competent organizations in and outside Korea. Continuing investment in energy storage systems (ESS) and other power-related businesses: - In order to foster new and renewable energy (decentralized power systems) and the development of efficient smart grids, systematic investment should be made in large-capacity ESSs. Pioneering early markets and establishing testing infrastructure: - The government should commit itself to providing policy incentives, including subsidies and tax benefits, to prompt rechargeable battery manufacturers to pioneer new markets, such as those for electric vehicles and smart grids. - More active investment is needed to develop testing infrastructure, necessary to enable Korean manufacturers to lead the international market by launching their new products in a timely manner.
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