Nam Juny spent three decades exporting used Korean vehicles and car parts all around the world before spotting an opportunity in the nascent global battery market.
In 2018, the 57-year-old scrapyard owner, a veteran of defunct conglomerate Daewoo’s trading division, founded Bastro, a Seoul-based start-up that repurposes EV batteries for other uses. His logic is simple: an electric vehicle battery dies twice — once when it can no longer power a vehicle, and again when it can no longer power anything else.
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