In a significant regulatory development, the European Union (EU) has approved the European Batteries and Waste Batteries Regulation at its plenary session. The legislation, designed to bolster the requirements around the circular economy and environmental impact of batteries, aims to promote the collection of waste batteries and the reclamation of raw materials, as well as regulating the distribution of raw materials for battery production.
Industry insiders, including KOTRA, advise that this development necessitates diligent preparation, given it implies increased scrutiny of the social and environmental risks associated with Korean battery companies operating within Europe.
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