Seoul, June 21 -- South Korea's leading industrial players are ramping up their efforts in the electric vehicle (EV) battery recycling sector, reflecting growing expectations that the currently sluggish market will develop into a vital part of the battery value chain, the Korea Herald reported on June 20.

The LG Energy Solution, the South Korea's top battery manufacturer, has recently established joint ventures in both Europe and the United States -- partnering with France's Derichebourg and Toyota Tsusho Co., respectively.

These initiatives mark LG's first direct entry into recycling operations in these key global markets.

Meanwhile, SK Ecoplant, the construction and engineering arm of SK Group, is expanding its European operations in...