SEOUL, Oct. 25 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical company, said Wednesday it has opened a research and development center in the United States to develop new growth engines under a partnership with a local university. LG Chem’s North America Innovation Center, located in Georgia, will focus on developing technologies involving [...]
SEOUL, Oct. 18 (Korea Bizwire) – South Korea’s major chemical companies are collaborating with cosmetics companies to accelerate the development and supply of eco-friendly cosmetics packaging. This transition is crucial for the cosmetics industry due to its short product replacement cycle, extensive use of plastics, and considerable waste production. LG Chem announced on Tuesday that it [...]
SEOUL, Oct. 13 (Korea Bizwire) — LG Chem Ltd. and GS Caltex Corp. plan to produce a prototype of a material for biodegradable plastics next year, as they step up cooperation for the development of the eco-friendly raw material, the companies said Friday. LG Chem and GS Caltex signed an agreement in 2021 to develop [...]
POSCO is connecting with younger audiences by creating unique content, “Fantasteel – The Beginning of the New Iron Age,” in partnership with Nexon’s online game “Wars of Pracia”. SEOUL, Oct. 9 (Korea Bizwire) – Businesses in the so-called ‘junghujangdae’ industries, unfamiliar to the general public, are striving to craft a friendly image by creating compelling [...]
SEOUL, Sept. 24 (Korea Bizwire) –LG Chem Ltd., South Korea’s leading chemical company, said Sunday it has partnered with China’s Huayou Group to build four electric vehicle (EV) battery material plants in Morocco and Indonesia amid an acceleration in electrification. On Friday, LG Chem signed four separate initial pacts with Huayou Group to build [...]
SEOUL, Sept. 21 (Korea Bizwire) —SK Chemicals is contemplating the potential sale of its pharmaceutical business to Glenwood Private Equity (PE), a private equity fund manager. In response to a disclosure request from the Korea Exchange regarding Glenwood PE’s proposed acquisition of SK Chemicals’ pharmaceutical business unit, SK Chemicals stated, “We are in the process [...]
SEOUL, Sept. 21 (Korea Bizwire) — The European Chamber of Commerce in Korea (ECCK) on Thursday called for South Korea to consider allowing greater flexibility in adopting regulations for electric vehicle (EV) batteries, plastic recycling and other major industries, to help further promote the trade between Seoul and the economic bloc. The ECCK made the [...]
SEOUL, Sept. 19 (Korea Bizwire) – Lotte Chemical has introduced a new eco-friendly material brand called ECOSEED. They unveiled it during a “Green Recycling Day” event on Monday at Lotte World Tower in Jamsil as part of their 2030 vision for recycling. Under the ECOSEED brand, the company combines recycled materials (PCR) and biodegradable plastics [...]
SEOUL, Aug. 28 (Korea Bizwire) — LG Chem Ltd. said Monday it is spending 124.6 billion won (US$94.1 million) over the next two years to expand its manufacturing facility for its key filter membrane product used in water desalination. The facility, located in the central provincial city of Cheongju, will have an annual production capacity [...]
SEOUL, July 27 (Korea Bizwire) — LG Chem Ltd. said Thursday its second-quarter profit sank 30 percent from a year earlier as global demand for petrochemicals remained sluggish. Operating income reached 615.6 billion won (US$484 million) in the April-June period, compared with 878.4 billion won the previous year, the company said in a regulatory filing. [...]