LG Chem Archives | Page 2 of 12 | Be Korea-savvy
LG Chem’s Q2 Net Hits Record High on Strong EV Battery Sales

LG Chem’s Q2 Net Hits Record High on Strong EV Battery Sales

SEOUL, July 29 (Korea Bizwire) – LG Chem Ltd., South Korea’s leading chemical firm, said Thursday its second-quarter net profit rose to the highest level ever on strong electric vehicle (EV) battery and petrochemical sales. LG Chem’s net profit came to 1.6 trillion won (US$1.4 billion) in the April-June period, skyrocketing 289.5 percent from a [...]

LG Chem to Invest 10 tln Won by 2025 in Battery Materials, Renewables

LG Chem to Invest 10 tln Won by 2025 in Battery Materials, Renewables

SEOUL, July 14 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical firm, said Wednesday it will invest 10 trillion won (US$8.7 billion) by 2025 to expand its battery material, renewable and bio businesses. The chemical unit under LG Group said it will speed up its transition to an eco-friendly business portfolio by expanding [...]

LG Chem Vows to Expand Investment After Reporting Record High Q1 Earnings on EV Battery Sales

LG Chem Vows to Expand Investment After Reporting Record High Q1 Earnings on EV Battery Sales

SEOUL, April 28 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical firm, said Wednesday its first-quarter net profit rose to the highest level ever on strong electric vehicle (EV) battery sales, vowing to step up investment in the battery and related materials to further propel growth. LG Chem’s net profit came to 1.4 [...]

LG Demands ‘Reasonable’ Compensation from SK in Battery Row Settlement

LG Demands ‘Reasonable’ Compensation from SK in Battery Row Settlement

SEOUL, March 25 (Korea Bizwire) — LG Chem Ltd. will sternly handle the legal dispute with SK Innovation Co. to receive “reasonable” and “proportionate” compensation for the damage caused by the local rival’s trade secret misappropriation of its battery technology, its CEO said Thursday. Shin Hak-cheol, CEO of LG Chem, which wholly owns the battery [...]