SEOUL, Nov. 7 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical firm, on Thursday said it has set up a new petrochemical tech center to boost its competitiveness in the sector. LG Chem said its petrochemical tech center in Osan, some 50 kilometers south of Seoul, has been completed after investing 110 billion [...]
SEOUL, Oct. 13 (Korea Bizwire) — South Korean battery makers such as No. 1 player LG Chem Ltd. are likely to deliver weaker-than-expected earnings for the third quarter due to weak performance in their chemicals and battery business sectors, industry sources said Sunday. LG Chem, the country’s top chemical firm, is expected to have logged [...]
SEOUL, Oct. 7 (Korea Bizwire) — Shares of South Korea’s largest chemical firm, LG Chem, hit a 52-week low during Monday trading on the Seoul bourse following a grim third-quarter earnings outlook and concerns over its energy storage system (ESS), analysts here said Monday. LG Chem plunged 3.21 percent to touch a new 52-week low [...]
SEOUL, Sept. 27 (Korea Bizwire) – LG Chem Ltd. said Friday it has filed additional lawsuits against local rival SK Innovation Co. in the United States over electric vehicle (EV) battery patents, upping the stakes of their month-long legal row. LG Chem said it filed a pair of lawsuits with the U.S. International Trade Commission [...]
SEOUL, Sept. 16 (Korea Bizwire) — The chief executives of LG Chem Ltd. and SK Innovation Co. — two South Korean electric vehicle (EV) battery makers — met Monday to make a breakthrough in their legal battles over EV battery patents but apparently failed to find common ground. LG Chem CEO Shin Hak-cheol met with [...]
SEOUL, Sept. 8 (Korea Bizwire) — Chief executives of LG Chem Ltd. and SK Innovation Co. — two South Korean electric vehicle battery makers — are expected to meet later this month to make a breakthrough in their legal standoff over EV battery patents, industry sources said Saturday. LG Chem CEO Shin Hak-cheol and SK [...]
SEOUL, Sept. 4 (Korea Bizwire) — LG Chem Ltd., South Korea’s largest chemical company, said Wednesday it will cooperate with Universal Display Corp. (UDC), a U.S.-based display materials maker, to develop an advanced organic light-emitting diode (OLED) component. LG Chem said it signed a strategic partnership with UDC to co-develop an upgraded emissive layer, a [...]
SEOUL, Aug. 30 (Korea Bizwire) — SK Innovation Co., a major electric vehicle (EV) battery maker in South Korea, said Friday it will file lawsuits against its local rival LG Chem Ltd. and LG Electronics Inc. in the United States for patent infringement over EV battery technology. SK Innovation said it plans to file lawsuits [...]
SEOUL, Jul. 25 (Korea Bizwire) — In yet another positive result for the government’s win-win job-creation drive, LG Chem Ltd., South Korea’s largest chemical company by sales, announced a plan Thursday to invest 500 billion won (US$423 million) to build a new cathode material production plant in Gumi, North Gyeongsang Province. The firm signed a [...]
SEOUL, Jul. 9 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical company, will try to quintuple its electric vehicle (EV) battery business by 2024, the company’s CEO said Tuesday, as it aims to become a top five player in the industry. LG Chem CEO Shin Hak-cheol said the company is targeting 59 trillion [...]