SEOUL, April 14 (Korea Bizwire) — LG Chem has suffered a legal blow in China, where its key battery patent has been invalidated amid a widening intellectual property battle with Chinese rival Longbai, escalating tensions in the global electric vehicle (EV) supply chain. According to industry sources, China’s National Intellectual Property Administration (CNIPA) recently ruled to [...]
SEOUL, March 17 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical company, said Monday the accumulated sales of its own diabetes drug have exceeded 1 trillion won (US$688 million) in the domestic market. LG Chem sold a cumulative 1.066 trillion won worth of the Zemiglo diabetes lineup, composed of Zemiglo, Zemimet, Zemidapa and [...]
SEOUL, Dec. 12 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical firm, said Thursday it has entered Canada’s dermal filler market as part of its business diversification strategy. LG Chem has launched its hyaluronic acid fillers under the YVOIRE brand in the Canadian market to meet a growing demand for Korean medical aesthetic [...]
SEOUL, Nov. 21 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical company, said Thursday it has signed an initial agreement with U.S. energy giant Exxon Mobil Corp. to get a supply of up to 100,000 tons of lithium carbonate, a key material for creating cathodes for batteries. Under the memorandum of understanding, Exxon [...]
SEOUL, Oct. 27 (Korea Bizwire) – LG Chem Ltd., South Korea’s leading chemical firm, said Sunday it has opened its third overseas research and development center in Germany to develop environment-friendly, next-generation technologies. The Europe Innovation Center, located in Frankfurt, will focus on developing technologies involving next-generation rechargeable batteries, bio chemicals and recycling in partnership [...]
SEOUL, Aug. 30 (Korea Bizwire) – LG Chem has unveiled its new Customer Solution Center in Ravenna, Ohio, marking a significant expansion of its North American operations. The company announced on August 29 that the facility is now fully operational and ready to provide comprehensive technical support to its clients and partners in the region. The [...]
SEOUL, Aug. 28 (Korea Bizwire) – LG Chem, a leading South Korean chemical company, has reported encouraging progress in its seagrass restoration project off the coast of Yeosu, where the company has a major facility. The interim monitoring results, released on August 27, reveal a steady increase in both the area covered by seagrass beds and [...]
SEOUL, May 1 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical company, said Wednesday it will build its first overseas water-desalination device plant in Saudi Arabia by 2026 under a joint project with a local company. LG Chem has partnered with Alkhorayef Group, a leading Saudi Arabian conglomerate specializing in water, energy and [...]
SEOUL, Mar. 21 (Korea Bizwire) – In a pioneering move towards sustainable cosmetics packaging, LG Chem, a leading South Korean chemical company, is set to unveil an innovative eco-friendly plastic material derived from captured carbon dioxide at the world’s largest beauty trade fair, Cosmoprof Bologna 2024, which kicks off on March 21 in Bologna, Italy. The [...]
SEOUL, Mar. 15 (Korea Bizwire) — Korea Zinc Co., South Korea’s leading nonferrous metal processing firm, said Friday it has partnered with LG Chem Ltd. for business opportunities in the U.S. used plastics recycling market. Korea Zinc signed a memorandum of understanding with LG Chem to win used plastics recycling projects in the United States [...]