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Korea Zinc's Nickel Sulfate Manufacturing Technology Is Recognized as National Strategic Technology
Korea Zinc (KRX:010130) announced today that its nickel sulfate manufacturing technology has been designated as "national strategic technology" by the South Korean government. The government recently expanded the scope of national strategic technologies through amending the Enforcement Decree of the Restriction of Special Taxation Act. This has resulted in including the "manufacturing and processing technologies for metal compounds for cathodes" in the category. Since 2023, Korea Zinc has been p
About this update from Korea Zinc Co., Ltd.
[{"type":"text","content":"SEOUL, South Korea, Jan. 17, 2025 /PRNewswire/ -- Korea Zinc (KRX:010130) announced today that its nickel sulfate manufacturing technology has been designated as "national strategic technology" by the South Korean government. The government recently expanded the scope of national strategic technologies through amending the Enforcement Decree of the Restriction of Special Taxation Act. This has resulted in including the "manufacturing and processing technologies for metal compounds for cathodes" in the category. Since 2023, Korea Zinc has been pursuing to have its nickel sulfate manufacturing technology for secondary batteries recognized as national strategic technology. With its inclusion in this category, the company is now eligible for various government benefits.National strategic technologies refer to technologies deemed strategically important from a diplomatic and security standpoint, with significant impacts on the national economy and related industries. These technologies form the basis for future innovations, such as creating new industries and groundbreaking technologies. The designation is given following a comprehensive evaluation by related government agencies, including the Ministry of Trade, Industry and Energy, and the Ministry of Economy and Finance. The National Strategic Technology Promotion Act mandates that the government and local authorities provide administrative and financial support to secure and enhance competitiveness of national strategic technologies.","length":1548,"tagName":"p"},{"type":"image","alt":"Korea Zinc Logo (PRNewsfoto/Korea Zinc)","displaySize":"","headline":null,"caption":"Korea Zinc Logo (PRNewsfoto/Korea Zinc)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":145,"url":"https://media.zenfs.com/en/prnewswire.com/36dca5108ebe3c1b47778885d4ee85b5"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/D1Oi7E1aCIdPLk4GXAK1mg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI1NjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/36dca5108ebe3c1b47778885d4ee85b5","width":400,"height":145}},"href":"https://mma.prnewswire.com/media/2479692/01_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"This nickel sulfate manufacturing technology, which is one method to manufacture and process metal compounds for cathode...