Korea LFP Attracts Investment from Korinvest Group
Establishes U.S. Subsidiary in Orange County and North American Production Base
A local company in Busan has accelerated its entry into the global market, backed by the Busan Research and Development Special Zone of the Research and Development Special Zone Promotion Foundation (Chairman Jung Hee-Kwon).
The Busan Research and Development Special Zone announced on the 21st that it had signed an investment attraction agreement on the 17th at the Busan Global Tech Biz Center with Korea LFP (CEO Hwang Donggeun) and Korinvest Group (legal representative Chris Gwak) for the establishment of a local corporation in the United States and entry into the North American market. This agreement serves as a strategic milestone, marking the full-scale entry of Korea LFP into the North American market and the establishment of a local production system.
Through this agreement, Korea LFP will establish a branch in Orange County, California, and secure a local production base. The company plans to build a global supply chain system that connects technology development, production, and distribution, thereby expanding its presence in the North American market. Based on this, it aims to strengthen local partnerships and increase new order opportunities to boost the market share of "K-battery."
The Busan Research and Development Special Zone held an investment attraction agreement ceremony on the 17th at the Busan Global Tech Biz Center for the establishment of a local corporation in the United States and North American market entry between Korea LFP and Korinvest Group. (From left) Lim Juhyun, researcher at Busan Research and Development Special Zone; Jung Heeju, team leader; Chris Gwak, CEO of Korinvest Group; Hwang Donggeun, CEO of Korea LFP Co., Ltd.; Han Sangmoon, head of Busan Research and Development Special Zone Headquarters; Lee Sangmin, senior researcher; Song Hyunju, senior researcher.
With support from the Busan Special Zone, Korea LFP is currently carrying out a project to commercialize a 10kW-class ESS battery pack that applies LFP cell reverse engineering and degradation diagnosis and remanufacturing technology, as part of the "Strategic Technology Research Results Commercialization" program. This project runs from April 2024 to December 2025, with 525 million KRW in government funding.
Korea LFP's proprietary SBMS (Smart Battery Management System) technology is the world's first system to integrate early fire detection and self-extinguishing functions into an existing BMS. With its technology that secures the "golden time" in preventing battery explosions, it drew global attention by winning the Innovation Award in the "Sustainability, Energy & Power" category at CES 2025.
Based on support from the Busan Special Zone, Korea LFP has established its position in public procurement, medical, and mobility markets, and is accelerating its expansion into the Asian market with its Tokyo branch established last year. The company is also pursuing technology cooperation with countries such as Finland and Australia. This investment attraction in the United States is an extension of these overseas expansion efforts and demonstrates that a local Busan company can lead the global market with its own technological capabilities.
Korea LFP is currently developing an eco-friendly ESS battery pack for vehicles with zero idling based on its SBMS technology, and is preparing to exhibit at CES 2026 and announce its technology globally. The company aims to establish a "K-LFP standard" focused on safety and lifespan, thereby securing a competitive edge in the global market.
In September, CEO Hwang Donggeun was invited as one of the "12 Hidden Heroes" to the "K-Manufacturing Small Giants Roundtable" presided over by President Lee Jaemyung. Korea LFP was selected in recognition of its technological prowess and scalability in the battery sector. This investment attraction is seen as evidence of the company's growth potential and credibility as a technology enterprise.
Han Sangmoon, head of the Busan Special Zone Headquarters, stated, "The Special Zone Foundation will expand R&D support, commercialization funding, and exhibition opportunities so that technology-innovative companies can secure competitiveness in the global market," adding, "We will continue to discover representative success models within the Research and Development Special Zone."
CEO Hwang Donggeun said, "We will focus on the essential values of safety and long lifespan, rather than price and density competition, to establish a new global standard for 'K-LFP batteries,'" adding, "By building a production base in North America, we will simultaneously strengthen localization and supply chain competitiveness."
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