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LG Energy Solution Sets Sail to Target Growing EV Market, but Challenges Lie Ahead

LG Energy Solution Sets Sail to Target Growing EV Market, but Challenges Lie Ahead

SEOUL, Dec. 1 (Korea Bizwire) — LG Chem Ltd.’s battery business officially launched its standalone company Tuesday to take a bigger chunk of the growing battery market, but a bumpy road lies ahead to stay on top of the highly competitive industry. Kim Jong-hyun, who served as president of LG Chem’s battery unit, takes the [...]

LG Chem, Neste Sign Strategic Partnership on Renewable Sources

LG Chem, Neste Sign Strategic Partnership on Renewable Sources

SEOUL, Nov. 5 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical firm, said Thursday it will collaborate with Finland-based bio diesel producer Neste to develop renewable materials for its chemical products. LG Chem and Neste signed a strategic long-term partnership to develop biopolymers and biochemicals to reduce use of fossil feedstock in the [...]

LG Chem’s Q3 Profit Soars on Petrochemicals, Battery Sales

LG Chem’s Q3 Profit Soars on Petrochemicals, Battery Sales

SEOUL, Oct. 21 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical firm, said Wednesday its third-quarter net profit more than quadrupled from a year earlier, helped by robust sales of petrochemical and battery products. For the three months ending in September, its net profit soared to 570.39 billion won (US$503 million) from 137.19 [...]

LG Chem Develops World’s First Single-source Biodegradable Material

LG Chem Develops World’s First Single-source Biodegradable Material

SEOUL, Oct. 20 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical company, has succeeded in developing a new single-source biodegradable material for the first time in the world. The company announced on Monday that it succeeded in in-house development of the new material by using corn-based glucose and waste glycerol that features a [...]

No Deal Looms Between LG Chem and SK Innovation over Trade Secret Case

No Deal Looms Between LG Chem and SK Innovation over Trade Secret Case

SEOUL, Oct. 19 (Korea Bizwire) — LG Chem Ltd. and SK Innovation Co. — South Korea’s top two electric vehicle battery makers — appear unlikely to produce a breakthrough in their high-stakes trade secret case over EV batteries ahead of next week’s final ruling in the United States, industry officials said Monday. A key issue [...]