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LG Chem

LG Chem Ltd.
Formerly
  • Lak Hui Chemical (2009–1966)
  • Lak Hui Chemical Industries (1966–1973)
  • Lucky Ltd. (1974–1995)
Company typePublic
KRX: 051910
KRX: 051915
IndustryChemicals
Founded2009 (2009)
HeadquartersSeoul, South Korea
Products
  • Raw materials
  • Chemicals
  • IT and electronics materials
  • Energy solutions
RevenueIncrease KRW 51.865 trillion (2022)[1]
1,798,159,000 won (2020) Edit this on Wikidata
Increase KRW 2.195 trillion (2022)[1]
Total assets41,388,894,000 won (2020) Edit this on Wikidata
OwnerLG Corporation (33%)
Number of employees
20,000+ (2022)
SubsidiariesLG Energy Solution (81%)
WebsiteLG Chem

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] It was first established as the Lucky Chemical Industrial Corporation, which manufactured cosmetics. It is now solely a business-to-business company (consumer products division was spun off into LG Household & Health Care).

The company has eight factories in South Korea and a network of 29 business locations in 15 countries. This network includes a holding company in China, 14 overseas manufacturing subsidiaries, five marketing subsidiaries, seven representative offices, and two R&D centers.[citation needed] The Financial Times reported on April 2, 2017, that LG Chem would be expanding battery production in China. At the time, China accounted for one-third of the company's total sales.[3] In April 2019, LG Chem sued rival SK Innovation for allegedly stealing trade secrets for manufacturing electric vehicle batteries.[4]


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  1. ^ a b c "LG Chem Ltd". InsideView. Archived from the original on 11 September 2013. Retrieved 10 January 2015.
  2. ^ Tullo, Alexander H. (24 July 2022). "C&EN's Global Top 50 chemical firms for 2022". Chemical & Engineering News. American Chemical Society. Retrieved 28 September 2023.
  3. ^ Jung-a, Song (2 April 2017). "LG Chem holds faith in China despite battery of obstacles". Financial Times. Retrieved 3 April 2017.
  4. ^ Lambert, Fred (30 April 2019). "LG Chem sues SK Innovation over allegedly stealing electric car battery trade secrets". Electrek.

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