LG Chem Shareholders OK Battery Spin-off Plan

SEOUL, Oct. 30 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical company, said Friday its shareholders approved the company’s proposal for the spin-off of its battery business. Shares in LG Chem fell 6.14 percent to 611,000 won, underperforming the broader KOSPI’s 2.56 percent decline. The move will pave the way for LG Chem [...]