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Indiana group in South Korea to push electric vehicle investment

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(The Center Square) – Indiana Secretary of Commerce David Rosenberg headed to South Korea on Sunday to push potential partnerships in the electric vehicle, energy and technology.

It’s the fourth state trip to South Korea in the last five years and includes representatives from the Indiana Economic Development Corp., who will be joined by the IEDC’s Seoul office, which opened in July 2023.

“Indiana’s battery and electric vehicle supply chain has historic momentum, attracting more than $14 billion in investments since 2022 thanks in large part to our industry partners in South Korea,” Rosenberg said. “The state’s showcase at InterBattery 2024 is a competitive opportunity to highlight Indiana, our business advantages and our skilled talent pipeline to global industry leaders and the broader supply chain.”

The group is expected to push the state’s electric vehicle industry at an international battery conference organizers say will draw 75,000 participants and 500 businesses focused on batteries, automotive, electronics, equipment, new materials, energy and semiconductors. It’s the second consecutive year Indiana was invited by the U.S. Embassy to be part of the conference.

The group will also meet with executives of South Korea-based companies already doing business in Indiana, including Soulbrain MI and Jaewon Industrial. Both companies are building new operations in Kokomo to serve lithium-ion battery makers.

According to the development corporation, Indiana is home to more than 1,050 foreign-owned business establishments representing more than 40 countries and territories, including 14 from South Korea.

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