Entity

LG Chem, Ltd. (Korean: LG화학) is the largest chemical company in South Korea and one of the leading chemical manufacturers globally. Headquartered in Seoul, LG Chem was established in 1947 as the Lucky Chemical Industrial Corporation and has since evolved into a multinational corporation with a broad portfolio across three main business sectors: petrochemicals, advanced materials, and life sciences.

Business Sectors

• Petrochemicals: LG Chem is a major supplier of basic and specialty petrochemicals, including polyolefins (such as polyethylene and polypropylene), acrylonitrile butadiene styrene (ABS), styrene-acrylonitrile resin (SAN), polyvinyl chloride (PVC), plasticizers, synthetic rubbers, and various performance polymers. These products are widely used in industries such as automotive, packaging, electronics, and construction.
• Advanced Materials: The company is a global leader in battery materials, display and optical films, engineering plastics, and electronic materials. LG Chem supplies materials for rechargeable batteries, especially for electric vehicles, and is expanding its presence in high-tech specialty materials.
• Life Sciences: LG Chem operates a pharmaceutical division focused on innovative drugs, vaccines, and biotechnology. The company has made significant investments and acquisitions, such as the purchase of AVEO Pharmaceuticals in the US, to strengthen its position in global life sciences.

Global Presence

• LG Chem operates eight factories in South Korea and manages a network of 61 business sites across 15 countries, including 14 overseas manufacturing subsidiaries, five marketing subsidiaries, and two R&D centers.
• The company employs approximately 18,750 people worldwide, with 13,920 in Korea and 4,830 overseas as of 2024.

Financials and Sustainability

• LG Chem reported sales of KRW 48.92 trillion in 2024 and aims to surpass KRW 60 trillion by 2030.
• The company is committed to sustainability, targeting net zero emissions by 2050 and carbon-neutral growth by 2030, with substantial investments in green materials, battery materials, and new pharmaceuticals.