Korea Joongang Daily
Korea JoongAng Daily

LG Chem plans to sell LG Energy Solution stake for shareholder returns

Korea's LG Chem said on Friday that it plans to lower its stake in its subsidiary LG Energy Solution from around 80 to 70 percent in a bid to improve long-term finance and boost shareholder returns, according to a company filing.

2025-11-28

LG Chem taps AI for efficiency, optimization at plants, offices

LG Chem is pursuing an AI transformation (AX) across its entire business, from manufacturing areas such as quality prediction and process optimization to nonmanufacturing areas including contract review and currency forecasting.

2025-10-29

LG Chem cathode material plant becomes IRA compliant after Toyota Tsusho acquires 25% stake

LG Chem announced Tuesday that Toyota Tsusho, part of Japan’s Toyota Group, has acquired a 25 percent stake in its Gumi cathode material plant, becoming the second-largest shareholder.

2025-09-09

LG Chem, GS Caltex to consolidate naphtha cracking centers amid petrochemical industry woes

LG Chem, Korea’s largest petrochemical company, is pursuing a “naphtha alliance” with local refiner GS Caltex in what could become the first major restructuring move in the domestic petrochemical industry.

2025-09-03

LG Chem broadens solutions portfolio for greener, sustainable future

LG Chem is building a diverse portfolio based on environmentally friendly future technologies, ranging from sustainable plastic to automotive components and metal-replacement exterior plastics.

2025-08-25

LG Chem, Japanese firm co-develop electronic component material

LG Chem, Korea's leading chemical firm, said Monday it has jointly developed a high-performance adhesive for automotive power semiconductors with Japan's Noritake.

2025-06-16

LG Chem sells water solutions unit for $1.02 billion to local equity firm

LG Chem, South Korea's leading chemical company, said Friday it has decided to sell its water solutions business unit to Glenwood Private Equity for 1.4 trillion won ($1.02 billion) as part of its business reorganization efforts.

2025-06-13

LG, Posco launch carbon capture project: 'An important turning point'

LG Chem and Posco Holdings will develop carbon capture and utilization technologies to reduce emissions in chemicals and steelmaking, with a demonstration project set to begin next year.

2025-05-07

LG Chem mulls selling water solutions unit amid prolonged petrochemical slump

LG Chem is moving to sell its water solutions division, which produces reverse osmosis (RO) membrane filters used for industrial desalination, industry sources said Monday.

2025-04-28

LG Chem patent challenged in China as fight for battery dominance comes to a head

A battery patent held by LG Chem is being challenged in China, with industry insiders suspecting either a Chinese competitor facing a legal challenge in Korea or a "patent piggybacker" attempting pre-emptive action against future litigation.

2025-04-03