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LG Chem Ltd. (Korean: LG화학), often referred to as LG Chemical, is the largest Korean chemical company [1] and is headquartered in Seoul, South Korea. It was the 9th largest chemical company in the world by sales in 2021. [ 2 ]
LG Chem's battery business officially became a separate company and changed its name to LG Energy Solution Ltd. in December 2020. [4] It subsequently undertook an IPO process to secure funds in order to increase its battery production capacity and debuted on the Korea Exchange in January 2022.
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LG Corporation was established as Lak Hui Chemical Industrial Corp. in 1947 by Koo In-hwoi. [4] In 1952, Lak Hui (락희) (pronounced "Lucky"; now LG Chem) became the first South Korean company to enter the plastics industry. As the company expanded its plastics business, it established GoldStar Co. Ltd. (now LG Electronics Inc.) in 1958. Both ...
SEOUL (Reuters) -South Korea's LG Chem Ltd has entered a partnership with China's Huayou Group's subsidiary Youshan, it said on Sunday, to build a joint electric vehicle (EV) battery material ...
LG said Vietnam provides an "abundant labor force" and that 750 workers at its South Korean handset factory would be relocated to its home appliance plant. On 5 April 2021, LG announced its withdrawal from the phone manufacturing industry after continuous loss in the market. In 2020, LG faced a loss of 5 trillion won (US$4.4 billion). [20] [21 ...
LS Group is a South Korean chaebol (conglomerate) mostly in electrics, electricity, materials and energy sectors. [2] It is composed of LS Corp. (see below), E1 (LPG), and YESCO (LNG).
GS Holdings was incorporated in July 2004 [1] and officially split from LG Group in January 2005, with the Koo family gaining full control over LG Group and the Huh family creating GS Holdings. [ 2 ] Convenience stores and other retail companies which formerly operated under the LG logo were rebranded as "GS", which like "LG", comes from the ...