A binder composition for a rechargeable lithium battery includes a semi-interpenetrating polymer network (semi-IPN) including a copolymer including a repeating unit represented by the following Chemical Formula 1 and a repeating unit represented by the following Chemical Formula 2 and polyacrylamide, and polyalkylene glycol. In Chemical Formula 1, R1 and R2 are the same or different and are independently selected from hydrogen, or a substituted or unsubstituted C1 to C10 alkyl group, and R3 and R4 are an alkali metal. In Chemical Formula 2, R5 to R8 are the same or different, and are independently hydrogen, a substituted or unsubstituted C1 to C30 alkyl group, a substituted or unsubstituted C6 to C30 aryl group, or a substituted or unsubstituted C1 to C30 alkoxy group.