Largest Energy Storage Public Companies in South Korea

Company	HQ	Description	Sectors	Stock Price	1Y Perf.	Market Cap	EV	EV/Revenue	EV/EBITDA
LG Energy Solution		LG Energy Solution is the third-largest battery maker for electric veh…LG Energy Solution is the third-largest battery maker for electric vehicles with about 11% global share in 2024, according to SNE Research. The EV battery segment is the largest revenue contributor, which accounted for more than 60% of total revenue in 2024. LGES also manufactures batteries for mobility, mobile phones, laptops, electrical devices, and energy storage systems. The company was spun off from LG Chem’s battery division in December 2020 and listed on the Korea Exchange in January 2022. It has global manufacturing facilities in Korea, China, Poland, and the United States. Key customers include General Motors, Tesla, Volkswagen, Hyundai, and Stellantis.	Electric Vehicles+4	$279	+45%	$65B	$78B	4.7x	23.6x
LG Chem		LG Chem Ltd manufactures and sells a variety of chemicals, electronics…LG Chem Ltd manufactures and sells a variety of chemicals, electronics, and energy storage products. The company operates through five segments, including Petrochemical, LG Energy Solution, Advanced Materials, Life Science, and Others. The Petrochemical segment produces ABS, PC, PE, PP, acrylics, alcohols, synthetic rubber, special resins, and olefins. LG Energy Solution supplies small batteries, automotive batteries, and energy-storage batteries. The Advanced Materials segment provides engineering and display materials, cathode materials, separators, and RO filters. The Life Science segment offers growth hormones, vaccines, diabetes treatments, and pesticides, while Common & Others covers corporate management, sales, and R&D activities.	Chemicals+1	$237	+88%	$19B	$34B	1.1x	7.9x
Ecopro		Ecopro Co Ltd is engaged in the battery materials business, mainly ser…Ecopro Co Ltd is engaged in the battery materials business, mainly serving the lithium-ion battery industry. The company operates through two reportable segments: Battery Materials business and Other business. The Battery Materials business segment focuses on cathode materials, the core components used in lithium-ion batteries, and also covers precursors, lithium, and recycling activities related to the cathode materials business.	Chemicals+2	$86	+196%	$12B	$13B	5.7x	155.1x
PIE		Pie Co Ltd provides integrated inspection solutions from the developin…Pie Co Ltd provides integrated inspection solutions from the developing inspection SW algorithms to the manufacturing technological capabilities specializing in machine vision (2D, 3D) and NDT (Ultrasonic, etc.). It include various industrial areas such as display, secondary battery, and semiconductor. The company solution includes Industrial Inspection and Manufacturing Intelligence.	Electronic Components+1	$4	-31%	$143M	$149M	3.4x	(12.2x)
Median				$162	+66%	$15B	$23B	4.1x	15.7x

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