LG Chem

Categories

Industrial Manufacturing  
Energy and Utilities  

#476

Rank

$37.81B

MarketCap

South Korea

Country

Summary

LG Chem is a chemical company that provides innovative materials and solutions for its customers. Known as the largest chemical company in South Korea, LG Chem extends its chemical expertise into Petrochemicals, IT & Electronic Materials and Energy Solutions. It aims to be a world-class chemical company, providing differentiated customer values through market-leading products and services.

LG Chem is providing materials and solutions that are essential for daily living to the whole world. We will continue to pursue sustainable growth by incorporating achievements in environmental management and social responsibility.


History

1958: LG Electronic was founded as GoldStar. Ever since LG Electronics was established, they have led the way into the advanced digital era thanks to the technological expertise acquired by manufacturing many home appliances such as radios and TVs.

1959: Goldstar immediately began developing a radio, Korea’s first homemade radio started rolling off the production line.

1982: Establishes first overseas production base in the US.

1983: Both companies Lucky and GoldStar merged and formed Lucky-Goldstar.

1995: GoldStar merged with Lucky Chemical and LS Cable on 28 February, changing the corporate name to Lucky-Goldstar, and then finally to LG Electronics. The company was renamed LG.

1998: LG Electronics developed a customized TV Sampoorna for the rural market.

2007: LG Solar Energy is a subsidiary formed to allow LG Chem to supply polysilicon to LG Electronics for the production of solar cells.

2008: Develops world's first LTE mobile modem chip.

2009: Becomes the second-largest LCD TV brand worldwide.

2010: Credit goes to Michael Ahn, who guided the branding effort for LG Electronics North America before stepping down as the Group’s president and CEO.

2012: First in the world to market 84-inch ULTRA HD TV.

2013: Introduces HomeChat™ service for smart appliances, Launches Vehicle Components Company.

2014: Introduces world’s first 4K OLED TV and webOS smart TV, Introduces the G3 smartphone with Quad HD display.


Mission

“We passionately strive to build a convenient and happy society through the creation of innovative products that meet the need of our customers and transform their daily lives.”


Vision

“To be a global leader Growing with customers by providing innovative materials and solutions. We strive to be a company that is trusted and admired by our customers, the most attractive investment to our investors, the workplace of choice for the best and the brightest and feared and emulated by our competitors.”

“We grow with our valuable customers by delivering innovative values that help them thrive and prosper.”

“We deliver the best materials with unrivalled prices and performance, designed to improve the performance of customers’ products and lead customer businesses to success.”

“We identify problems in customers’ businesses, solve them, and improve performance by incorporating our services and knowledge into products and offering value aligned with customers’ individual needs.”


Key Team

Dae-Hyung Kim (Board Member)

Bong Seok Kwon (Board Member)

Doo Yong Bae (Board Member)

Byongyul Choi (Chief Engineer)

Jong-Sang Lee (Vice President)

Chang-Sil Lee (Board Member)

Joon-Geun Choi (Board Member)

Chulkee Hong (Chief Research Engineer)

Koo Joon (Board Member)

Dae-Hyung Kim (Board Member)

Min Seok Kang (Head of Technology Planning Team and Vice President)

Doo Yong Bae (Board Member)

Myung-Woo Jeon (Board Member)

Ho-Kun Hwang (Vice President)

Brian Kwon (Chief Executive Officer)

Bong Seok Kwon (Board Member)

Chang-Sil Lee (Board Member)


Recognition and Awards
Fortune Global 500

References
LG Chem
Leadership team

Alex Diebald (Senior Advisor, CTO Office)

Anja Keuris (PA (A.I.) To CEO & COO)

Industries

Industrial Manufacturing

Energy and Utilities

Products/ Services
Raw materials, chemicals, IT and electronics materials, energy solutions
Number of Employees
Above 50,000
Headquarters
Seoul, Seoul-t'ukpyolsi, South Korea
Established
1958
Company Type
Public Limited Company
Company Registration
SEC CIK number: 0001001477
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
051910.KS
Social Media

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Mon Apr 15 2024
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