Core Viewpoint - The three major South Korean battery companies are shifting their focus from electric vehicles to energy storage systems (ESS) due to a slowdown in demand for power batteries, aiming to diversify their business portfolios and respond to both domestic and overseas demand [1] Group 1: Business Strategy - SK On plans to convert its production line at the Ruisan factory in South Chungcheong Province to produce lithium iron phosphate batteries for ESS [1] - LG Energy Solution has initiated the construction of a domestic lithium iron phosphate battery production line, with plans to commence production in 2027 [1] - Samsung SDI is also exploring the possibility of transitioning its domestic factory to produce lithium iron phosphate batteries [1] Group 2: Market Context - The shift towards ESS is driven by the South Korean government's push for renewable energy expansion and the construction of data centers, which accelerates the adoption of ESS [1] - ESS batteries are increasingly viewed by South Korean battery companies as a new growth engine in the current market environment [1]