Mr. Bang said on the 28th that he visited Jaewon Industries, a rechargeable battery material production company in Yeosu, Jeollanam-do on the afternoon of the 26th.
Finance Industry is a mid-sized company that produces conductive materials for secondary batteries used in electric vehicles and energy storage devices, electrolytes, electronic solvents used in displays, and semiconductor manufacturing processes. It has production facilities in Korea, China, and Malaysia. Last year, it won the $100 Million Export Tower and achieved 205 billion won in sales.
In particular, Finance Industries established a joint venture with local companies in Binzhou City, Shandong Province in 2019 to expand exports to display and secondary battery manufacturers in eastern China such as Tianjin.
Mercury provided $6.7 million in funding for the establishment of a factory in China last year to help the financial industry enter the global market.
Seong-won Shim, CEO of Finance Industry, said, “We plan to expand our business by focusing on the electric vehicle battery field and the electronic solvent business for semiconductor materials, parts, and equipment that require advanced technology.” It was suggested that mercury’s active financial support is necessary for continuous investment following the expansion of overseas markets.”
Mr. Bang said, “We will try to provide timely support for the operating funds required to enhance the export competitiveness of the Korean version of the New Deal industry and the overseas investment funds necessary to develop overseas markets.”
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