">
Galux, an AI drug development startup, signed an agreement to conduct joint research for cancer drug development with LG Chem, the company said Monday.
LG Chem Vice Chairman Shin Hak-cheol will serve as the first ever Korean co-chair at the Annual Meeting of the New Champions of the World Economic Forum (WEF) in Dalian, China, from Tuesday to Thursday.
LG Chem will jointly build a plant to produce its reverse osmosis membrane with Alkhorayef Group.
The Korean company said Wednesday the deal aims to supply 500,000 tons of cathodes between 2026 and 2035.
LG Chem, Korea's leading chemical company, said Wednesday it shifted to a net profit in the fourth quarter from a year earlier on equity gains from its wholly-owned battery maker.
LG Chem has inked a technology transfer deal worth up to $305 million with Boston’s Rhythm Pharmaceuticals for its oral obesity treatment candidate.
Ground was broken on LG Chem's 2 trillion won ($1.5 billion) battery materials plant in Tennessee, the largest of its kind in the United States.
LG Chem has made sustainability a top management agenda and its key to competitiveness, while working to improve its business structure.
LG Chem reports Q3 earnings of $640 million, beating expectations despite revenue and net profit declines. Petrochemicals and EV batteries contributed to improved sales.
LG Chem's North America Innovation Center in Georgia will focus on developing technologies involving next-generation battery materials, recycling and bioplastics while recruiting qualified local engineers, the company said in a statement.
Korea JoongAng Daily Sitemap