LG Chem
LG Chem is a leading global chemical company with a diversified business portfolio in the key areas of petrochemicals, advanced materials, and life sciences. The company manufactures a wide range of products from high-value added petrochemicals to renewable plastics, specializing in cutting-edge electronic and battery materials such as cathodes, as well as drugs and vaccines to deliver …
Profile
LG Chem is a South Korea–based science-oriented chemical company active across petrochemicals, advanced/high-performance materials, and life sciences (including oncology drugs). It produces petrochemical base materials and resins (PE/PP, PVC, ABS, acrylates/SAP, synthetic rubber) and battery materials (cathodes, separators and related materials) plus electronics/semiconductor materials (e.g., CCL, NCF, adhesives, SGF films). Founded in January 1947, headquartered at LG Twin Towers, 128 Yeoui-daero, Yeongdeungpo-gu, Seoul. In 2025 it reported KRW 45.9 trillion sales, KRW 1.18 trillion operating income, and 17,389 employees. Public listing/investors/funding and specific partners/customers are not provided in the results, but it lists a 2024 cathode-material supply contract with GM and ongoing mass production/ramp plans starting 2026 for EV applications. 2025–2026 developments include starting construction of Korea’s first eco-friendly HVO fuel plant (Daesan), expanding eco-friendly materials (LETZero), and battery cathode construction in Tennessee, with 2025 plans for precursor-free cathode materials mass production in Korea’s first such effort; the company is clearly still active via 2026 earnings releases.
Sources#
- Industry
- Cosmetics, Packaging & plastics, Textiles & leather
- Topics
- PLA (polylactic acid)
- Role
- Producer — “…see, USA — Cathode Material Plant ( ) - Republic of Korea — PC ( ) **Applications / markets** - Home Appliance…”
Bio-solutions it supplies 0
Not yet cited as a supplier in a graded solution.
What they offer
Products: COMPOSTFUL™; PCR Materials; Bio-Circular Balanced Products; ABS Plastics; Pharmaceuticals; Battery Materials; OLED Materials; PC (Polycarbonate); Polypropylene (PP)
Certifications: ISO; FSSC; GMP; halal; kosher; TÜV/OK compost; BPI; ISCC; ISO 14001; OHSAS 18001
- Applications
- Home Appliances · Automotive · Electronics · Pharmaceuticals · Cosmetics · Battery Technology · Automobiles · Mechanical components · Water containers · Glasses · Home appliances · Sealed containers
- Certifications (website)
- ISO · FSSC · GMP · halal · kosher · TÜV/OK compost · BPI · ISCC · ISO 14001 · OHSAS 18001 · KOSHA 18001
- Customers & partners
- LG Electronics · GM · Toyota · Tesla
- Production sites
- Magok — N/A; R&D Campus · Daejeon — N/A; R&D Campus · Yeosu — N/A; NCC, PVC, ABS, SAP, PE, AA · Tennessee, USA — N/A; Cathode Material Plant · Republic of Korea — Not specified; PC
- Products (website)
- COMPOSTFUL™ — Compostable brand of LG Chem · PCR Materials — Post Consumer Recycled materials produced through mechanical recycling · Bio-Circular Balanced Products — Products made from bio-based materials and post-consumer recycled materials · ABS Plastics — Global No.1 in ABS plastics · Pharmaceuticals — Pharmaceuticals including drugs for diabetes and various diseases · Battery Materials — Comprehensive materials for batteries including cathode materials and separators · OLED Materials — Light-emitting materials for OLEDs · PC (Polycarbonate) — High-functional engineering plastic used for industrial purposes, known for its strength, lightness, transparency, and resistance to impact and heat. · Polypropylene (PP) — A synthetic resin made by polymerizing propylene, known for its excellent tensile and impact strength, widely used in films, textiles, automotive parts, and more.
- R&D facilities
- R&D Campus in Magok · R&D Campus in Daejeon · Global R&D Centers
Read from the company's own website: about · products · production · quality · rnd · leadership · sustainability · topic
Subsidiaries: LG Energy Solution, Ltd. · FarmHannong Co., Ltd. · LG Chem America, Inc. · LG Chemical India Pvt. Ltd. · LG Polymers India Pvt. Ltd. · LG Chem (Taiwan), Ltd. · LG Chem Japan Co., Ltd. · LG NanoH2O, LLC · Aveo Pharmaceuticals, Inc. · PT LG CHEM INDONESIA · TW Biomassenergy Co., Ltd · LG-Eni Biorefining Co., Ltd
News & status 6
- 2026 Latest status: The company is currently undergoing a business restructuring process with a refining partner, which it aims to finalize by the end of 2026. ↗ ↗ ↗
- 2026-09-28 LG Chem, Volkswagen Group team up on advanced automotive materials - The Korea HeraldLG Chem is partnering with Volkswagen Group to jointly develop next-generation, environmentally friendly mobility materials, leveraging LG Chem’s ABS and engineering plastics (including recycled PCR-based options) to support weight reduction, performance …
- 2026-10-02 S. Korean prosecutors indict 6 petrochemical firms in record cartel case - UPI.comLG Chem is one of six petrochemical firms indicted in South Korea’s largest cartel case, facing charges for participating in a 16.4 trillion won price-fixing scheme and for colluding on eight products, with a company official detained and charged.
- 2026-10-01 Prosecutors charge seven petrochemical firms in South Korea for record cartel - CHOSUNBIZLG Chem is implicated as one of seven petrochemical firms involved in a record, 16.4 trillion won price-fixing cartel over 2021–2026, with indictments of its current and former executives and raids/arrests linked to the case.
- 2026-10-01 [Exclusive] LG Energy Solution and LGCHEM,LTD to End "Two Companies, One Union" Arrangement… Union to Split Six Years After Spin-Off - EDAILYLG Energy Solution (born from LG Chem’s battery unit) and LG Chem/LGCHEM LTD are dissolving their joint production workers’ union to allow separate bargaining; LG Energy Solution’s side favored the split due to higher wage growth and different business …
- 2026-09-22 Korea Eximbank to Provide KRW 250 Billion for Korea’s First Dedicated Sustainable Aviation Fuel Facility by LG Chem - The Asia Business DailyLG Chem will build Korea’s first dedicated SAF facility (340,000 tons) in Daesan, with about KRW 250 billion in financing from Korea Eximbank, positioning LG Chem to bolster domestic SAF production using waste oils and hydrogen, and supporting Korea’s upcoming …
- 2026-03-30 South Korea's LG Chem to import Russian naphtha, source says | ReutersLG Chem is set to import 27,000 tons of Russian naphtha, marking its first purchase of Russian naphtha since the U.S. eased sanctions, and it is seeking additional Russian supplies amid broader energy-market disruptions from the Iran conflict.
Network: owners, partners, peers
Ownership & investors 13
| parent | LG Corp |
| subsidiary | LG Energy Solution, Ltd |
| subsidiary | Farm Hannong (LG Group) |
| subsidiary | LG Chem America, Inc |
| subsidiary | LG Chemical India Pvt. Ltd |
| subsidiary | LG Polymers India Pvt. Ltd |
| subsidiary | LG Chem |
| subsidiary | LG Chem Japan Co., Ltd |
| subsidiary | LG NanoH2O, LLC |
| subsidiary | Aveo Pharmaceuticals, Inc |
| subsidiary | PT LG CHEM INDONESIA |
| subsidiary | TW Biomassenergy Co., Ltd |
| subsidiary | LG-Eni Biorefining Co., Ltd |
Partners & deals 3
| counterparty | Refining partner (unnamed in provided text) for business restructuring …The company is currently undergoing a business restructuring process with a refining partner, which it aims to finalize by the end of 2026.… |
| joint venture | Construction of a cathode material plant …de plant.
- 2023: Construction of a cathode material plant in Tennessee.
- History of joint ventures and acquisitions to support materials capabilities in China, Hungary, and elsewhere.
- M… |
| off-taker / supply agreement | D and execution …&D and execution.
- Strategic initiatives and milestones:
- 2024–2025: Cathode material supply agreements with global customers, including GM; 2025 equity participation with Toyota Tsusho at Gum… |
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