|Oct 17, 2017|
|Oct 17, 2017|
Currency in KRW
|Full time employees:||14,974|
LG Chem Ltd. manufactures petrochemicals, IT & electronic materials and energy solution materials. It operates through through the following business segments: Petrochemicals, IT & Electronic Materials, Batteries. The Petrochemical division offers naphtha cracking centers and polyolefins, synthetic rubbers and specialty polymers, polyvinyl chloride, acrylonitrile-butadiene-styrene and engineering plastics, acrylates and plasticizers. The IT & Electronic Material division provides optical and display materials namely polarizers, phosphors, organic light emitting diode, photosensitive materials for liquid crystal display; printed circuit materials such as flexible materials, halogen free materials, integrated circuit packaging materials, epoxy resin system materials, high speed materials and build-up materials; toners such as color toners, black laser printer toners and black copier toners. The Battery division provides lithium-ion cylindrical batteries, lithium-ion polymer batteries, lithium-ion prismatic batteries, medium and large batteries. The company was founded on April 1, 2001 and is headquartered in Seoul, South Korea.
LG Chem is a leading chemical company in South Korea. Its origins can be traced back to Lucky Chemical Industrial, founded in 1947, of the LG group. LG Chem started as a producer of materials for cosmetics and has grown to become the pillar of the LG group, surpassing LG Electronics in terms of both market capitalization and earnings.
The LG group has shifted to a holding company system and LG Chem's biggest shareholder is LG Corp. While LG Chem is managed by a top executive who has risen within the company, key decisions such as changes in the top management and large acquisition deals are considered by LG Corp. Chairman Koo Bon-moo, owner and manager of the group.
LG Chem chalks up the majority of its sales from the petrochemical division, which has ethylene plants and produces products such as superabsorbent polymers used to make paper diapers and sanitary goods.
The lithium-ion battery business is also drawing attention as a locomotive of LG Chem's growth. The company supplies batteries for electric cars and hybrids to many automakers in the U.S., Europe and China, including Daimler of Germany and Great Wall Motor. It also engages in joint battery development. In addition, LG Chem handles electronic components such as polarizers for liquid crystal display panels.
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- Local currency
- US Dollar
|Income before tax||1,659.82B|
|Dividends per share||5,000|
|Operating cash flow||2,518.10B|
Currency in KRW
|Income before tax||1,430.65M|
|Dividends per share||4.30|
|Operating cash flow||2,170.42M|
Currency in USD
- Vice Chairman & Chief Executive Officer: Jin-Soo Park
- President, Chief Financial Officer & Director: Ho-Young Chung
- Head-Technical Research: Jin-Nyeong Yoo
- Managing Director, Head-Legal & Compliance Support: Gun Jang
- President-Executive Board: Young-Ki Park
- LG Corp.(33.3%)
- National Pension Service of Korea(9.7%)
- The Vanguard Group, Inc.(1.4%)
- BlackRock Fund Advisors(1.3%)
- Fidelity Management & Research Co.(1.0%)
- Norges Bank Investment Management(1.0%)
- Schroder Investment Management Ltd.(0.7%)
- Hermes Investment Management Ltd.(0.5%)
- APG Asset Management NV(0.5%)
- Capital Research & Management Co. (World Investors)(0.5%)
- Website: http://www.lgchem.com
- Address: 128 Yeoui-daero, Yeongdeungpo-gu, Seoul, 07336, South Korea
- Phone: +82.2.3777.1114
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