LG Chem
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| Public (traded on the ) | |
| Traded as | KRX: , KRX: |
| Industry | Chemicals |
| Founded |
1947, 1966 as Lakhui Chemical Industries 1974 as Lucky Corp 1995 as LG Chem (Reincorporated in 2001) |
| Headquarters | Seoul, South Korea |
| Products | Raw materials, chemicals, IT and electronics materials, energy solutions |
| Revenue |
 US$ 20.4 billion (2012) |
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US$ 1.9 billion (2010) |
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Number of employees
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20,000+ (2015) |
| Parent | LG Corporation |
| Website | lgchem.com |
1947, 1966 as Lakhui Chemical Industries 1974 as Lucky Corp 1995 as LG Chem
LG Chem Ltd. (Korean: LG화학), often referred to as LG Chemical, is the largest Korean chemical company and is headquartered in Seoul, South Korea. According to Chemical and Engineering News, it was the 13th largest chemical company in the world by sales in 2014. It was first established as the Lucky Chemical Industrial Corporation, which manufactured cosmetics. It is now solely a business-to-business company.
In order to create a holding company, the "old" LG Chem (the legal predecessor of LG Corp) was split off, creating the "new" LG Chem and LG Care. The "old" LG Chem changed its name to LG CI l. After its merger with LG EI (the legal successor of Goldstar) in 2003, it changed its name to LG Corp.
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. LG Chem has three main business areas:
LG Chem is a supplier of petrochemicals ranging from basic distillates to specialty polymers. For example, it is a large producer of common plastics such as acrylonitrile butadiene styrene (ABS),styrene-acrylonitrile resin (SAN), and polyvinyl chloride (PVC). It also produces raw materials and liquids, including plasticizers, specialty additives, alcohols, polyolefins, acrylic acid, synthetic rubber, styrenics, performance polymers, engineering plastics, elastomers, conductive resins, and other chemicals.
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