Batteries add spark to LG Chem's 3-pronged pivot from petrochemicals

CEO also leads charge into sustainable materials and new drugs with investment, M&A

20230117N lg chem ceo

LG Chem CEO Shin Hak-cheol is working to build new growth drivers after the spin-off of the battery business. (Photo courtesy of LG Chem)

KOTARO HOSOKAWA, Nikkei staff writer

SEOUL -- In a recent speech to LG Chem employees, CEO Shin Hak-cheol invoked a Chinese proverb that summed up the South Korean company's strategy while also referencing the Year of the Rabbit.

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