South Korea Automotive Battery Market Size, Share, Trends and Forecast by Battery Type, Vehicle Type, and Region, 2026-2034

Report Format: PDF+Excel | Report ID: SR112025A43747

South Korea Automotive Battery Market Overview:

The South Korea automotive battery market size reached USD 1,053.34 Million in 2025. Looking forward, IMARC Group expects the market to reach USD 1,536.16 Million by 2034, exhibiting a growth rate (CAGR) of 4.28% during 2026-2034. The market is driven by strengthened government safety regulations and battery certification systems, strategic industry collaborations between automakers and battery manufacturers to enhance competitive positioning against Chinese rivals, and the advancement of battery recycling infrastructure supporting the transition toward a circular economy. These combined factors are expanding the South Korea automotive battery market share.

Report Attribute	Key Statistics
Base Year	2025
Forecast Years	2026-2034
Historical Years	2020-2025
Market Size in 2025	USD 1,053.34 Million
Market Forecast in 2034	USD 1,536.16 Million
Market Growth Rate 2026-2034	4.28%

South Korea Automotive Battery Market Trends:

Strengthened Government Safety Regulations and Battery Certification

The South Korean government has introduced comprehensive regulatory reforms to enhance electric vehicle battery safety standards, driven by growing public concerns following high-profile battery fire incidents. South Korea recently implemented a new Battery Safety Certification System under the revised Automobile Management Act, fundamentally transforming how EV batteries are approved for use in vehicles. This regulation replaced the previous self-certification model with government-led certification administered by the Ministry of Land, Infrastructure, and Transport, requiring comprehensive safety performance tests including thermal shock, combustion, overheat prevention, short circuit, overcharging, over-discharging, overcurrent, vibration, impact, compression, drop, and water immersion tests before batteries can be approved for installation. Additionally, the government introduced a Battery Tracking System that assigns each battery a unique identification number registered in official vehicle records, enabling authorities to track battery production, usage, maintenance, and disposal throughout its entire lifecycle. This enhanced oversight makes it easier to analyze causes of battery failures or fires and ensures accurate tracking when batteries are replaced. Furthermore, EV purchase subsidies have been restructured to incentivize safety compliance, with only vehicles that transmit real-time battery state-of-charge data to charging stations now eligible for subsidies, addressing risks related to overcharging.

Strategic Industry Collaboration for Competitive Positioning

The South Korea automotive battery market growth is being significantly influenced by unprecedented strategic collaborations between domestic automakers and battery manufacturers aimed at strengthening national competitiveness against intensifying Chinese competition. In August 2025, Hyundai Motor, Kia, LG Energy Solution, Samsung SDI, and SK On signed a memorandum of understanding at Hyundai Motor Group's Namyang R&D Center to strengthen collaboration on electric vehicle battery safety technologies, marking the first time domestic automakers and battery manufacturers have joined forces to secure world-class safety technology. This partnership, which originated from a Battery Safety Task Force established a year earlier following major battery fire incidents, focuses on five critical areas: developing new safety patents, implementing digital battery passports to comply with emerging EU regulations, enhancing design quality standards, improving manufacturing quality controls, and advancing firefighting technology specifically tailored for electric vehicle batteries. The collaboration involves sharing patent rights and conducting intensified joint research across all participating companies, pooling expertise from R&D, production, quality control, and patent departments. Industry leaders emphasized that the global electric vehicle battery market has become a "national competition" where cooperation beyond traditional competitive boundaries is essential for survival. This strategic alliance also extends to technology development, with Hyundai and Kia launching a separate four-year project in collaboration with Hyundai Steel and EcoPro BM to develop lithium iron phosphate (LFP) battery cathode material manufacturing technology domestically, supported by South Korea's Ministry of Trade, Industry, and Energy as part of the country's LFP Battery Technology Development plan.

South Korea Automotive Battery Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2026-2034. Our report has categorized the market based on battery type and vehicle type.

Battery Type Insights:

Lead Acid
Lithium Ion
Others

The report has provided a detailed breakup and analysis of the market based on the battery type. This includes lead acid, lithium ion, and others.

Vehicle Type Insights:

Passenger Vehicles
Commercial Vehicles
Electric Vehicles
- BEV (Battery Electric Vehicles)
- PHEV (Plug-in Hybrid Electric Vehicles)
Others

A detailed breakup and analysis of the market based on the vehicle type have also been provided in the report. This includes passenger vehicles, commercial vehicles, electric vehicles (BEV and PHEV), and others.

Regional Insights:

Seoul Capital Area
Yeongnam (Southeastern Region)
Honam (Southwestern Region)
Hoseo (Central Region)
Others

The report has also provided a comprehensive analysis of all the major regional markets, which include Seoul Capital Area, Yeongnam (Southeastern Region), Honam (Southwestern Region), Hoseo (Central Region), and others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

South Korea Automotive Battery Market News:

August 2025: Hyundai Motor and Kia formalized their partnership with South Korea's three leading battery manufacturers—LG Energy Solution, Samsung SDI, and SK On—to advance electric vehicle battery safety technology. At the ceremony held at Hyundai's Namyang R&D Center, the companies presented the results of a yearlong Battery Safety Task Force collaboration and signed a memorandum of understanding to expand cooperation.
June 2025: LG Energy Solution and Samsung SDI announced plans to install lithium iron phosphate (LFP) battery production lines at their respective U.S. plants co-owned with General Motors, marking a strategic shift from their traditional focus on high-nickel NCM chemistries. Samsung SDI will retrofit part of its USD 3.5 Billion Indiana joint venture with GM to accommodate LFP production, with commercial operations expected to begin in 2027.

South Korea Automotive Battery Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2025
Historical Period	2020-2025
Forecast Period	2026-2034
Units	Million USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Battery Type Vehicle Type Region
Battery Types Covered	Lead Acid, Lithium Ion, Others
Vehicle Types Covered	Passenger Vehicles Commercial Vehicles Electric Vehicles: BEV (Battery Electric Vehicles), PHEV (Plug-in Hybrid Electric Vehicles) Others
Regions Covered	Seoul Capital Area, Yeongnam (Southeastern Region), Honam (Southwestern Region), Hoseo (Central Region), Others
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the South Korea automotive battery market performed so far and how will it perform in the coming years?
What is the breakup of the South Korea automotive battery market on the basis of battery type?
What is the breakup of the South Korea automotive battery market on the basis of vehicle type?
What is the breakup of the South Korea automotive battery market on the basis of region?
What are the various stages in the value chain of the South Korea automotive battery market?
What are the key driving factors and challenges in the South Korea automotive battery market?
What is the structure of the South Korea automotive battery market and who are the key players?
What is the degree of competition in the South Korea automotive battery market?

Key Benefits for Stakeholders:

IMARC's industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the South Korea automotive battery market from 2020-2034.
The research report provides the latest information on the market drivers, challenges, and opportunities in the South Korea automotive battery market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the South Korea automotive battery industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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