LG Solar Energy

LG Chem

Type	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)
Net income	US$ 1.9 billion (2010)
Number of employees	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. 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.

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.