OverviewSuggest Edit

LG Chem (LG화학) is a chemical company that manufactures a range of products, from petrochemical goods to plastics. It provides basic materials and chemicals as well as energy solutions, including automotive and ESS batteries. In addition, the company offers advanced materials, specialty drugs, and vaccines.

TypePublic
Founded1947
HQSeoul, KR
Websitelgchem.com
Employee Ratings3.1
Overall CultureB-

Latest Updates

Employees (est.) (Dec 2019)40,234(+20%)
Job Openings89
Revenue (FY, 2019)₩28.6 T(+2%)
Share Price (Oct 2021)₩818 K(+2%)
Cybersecurity ratingCMore
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Key People/Management at LG Chem

Hak-Cheol Shin

Hak-Cheol Shin

Chief Executive Officer
Young Soo

Young Soo

Chairman, Non-Standing Director
Sangmin Kim

Sangmin Kim

Vice President, Leader of Acrylate and SAP Division
Dong Seok

Dong Seok

Director
Young-Duk Kim

Young-Duk Kim

Vice President, Head of remote operation for global battery factories
Connie Changsook Kim

Connie Changsook Kim

Vice President, Head of Business Development, Life Sciences
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LG Chem Office Locations

LG Chem has offices in Seoul, Cheongju, Cheongwon-gun, Daejeon and in 38 other locations
Seoul, KR (HQ)
128 Yeoui-daero, Yeoeuido-dong, Yeongdeungpo-gu
Cheongju, KR
39 Baekbong-ro, Bong-myeong 2(i).songjeong-don, Heungdeok-gu
Cheongwon-gun, KR
151 Osongsaengmyeong 1-ro, Osong-eup
Cheongwon-gun, KR
29 Gwahaksaneop 3-ro, Oksan-myeon
Daejeon, KR
188 Munji-ro, Jeonmin-dong, Yuseong-gu
Gimcheon, KR
152-26 Gongdan-ro, Daegwang-dong
Show all (52)

LG Chem Financials and Metrics

LG Chem Revenue

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LG Chem's revenue was reported to be ₩28.63 t in FY, 2019 which is a 1.6% increase from the previous period.
KRW

Revenue (Q1, 2020)

7.1t

Gross profit (Q1, 2020)

1.2t

Gross profit margin (Q1, 2020), %

16.2%

Net income (Q1, 2020)

36.3b

EBIT (Q1, 2020)

236.5b

Market capitalization (22-Oct-2021)

66.6t

Closing stock price (22-Oct-2021)

818.0k

Cash (31-Mar-2020)

2.8t

EV

75.3t
LG Chem's current market capitalization is ₩66.6 t.
Annual
KRWFY, 2017FY, 2018FY, 2019

Revenue

25.7t28.2t28.6t

Revenue growth, %

10%2%

Cost of goods sold

20.1t22.8t23.8t

Gross profit

5.6t5.3t4.8t
Quarterly
KRWQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

6.6t7.1t7.2t6.6t7.2t7.3t7.1t

Cost of goods sold

5.2t5.6t5.9t5.5t6.0t6.1t6.0t

Gross profit

1.3t1.5t1.4t1.2t1.1t1.3t1.2t

Gross profit Margin, %

20%21%19%18%16%17%16%
Annual
KRWFY, 2017FY, 2018FY, 2019

Cash

2.2t2.5t1.9t

Accounts Receivable

4.4t4.4t3.7t

Prepaid Expenses

932.0m1.8b118.3b

Inventories

3.4t4.3t5.0t
Quarterly
KRWQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

2.9t2.4t3.1t3.1t2.6t2.1t2.8t

Accounts Receivable

4.7t5.1t4.9t4.6t4.7t4.6t4.7t

Prepaid Expenses

259.0m270.0m1.1b670.0m568.0m6.5b41.1b

Inventories

3.8t3.9t4.4t4.5t4.8t5.0t5.3t
Annual
KRWFY, 2017FY, 2018FY, 2019

Cash From Operating Activities

3.2t2.1t3.1t

Purchases of PP&E

(2.3t)(4.2t)(6.2t)

Cash From Investing Activities

(1.6t)(3.6t)(6.1t)

Long-term Borrowings

(1.7t)(748.1b)(1.3t)
Quarterly
KRWQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash From Operating Activities

36.5b118.3b1.3t644.2b890.4b1.3t(97.3b)

Purchases of PP&E

(877.9b)(1.8t)(2.8t)(1.5t)(3.1t)(4.6t)(1.8t)

Cash From Investing Activities

(552.9b)(1.6t)(2.3t)(1.5t)(3.3t)(4.6t)(1.3t)

Long-term Borrowings

(135.7b)(207.2b)(251.9b)(173.9b)(394.0b)(523.1b)(1.5t)
KRWFY, 2017

Revenue/Employee

873.0m

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

1.5 x
Show all financial metrics

LG Chem Operating Metrics

FY, 2019Aug, 2020

Business Areas

44

Products

100

Products (Petrochemicals)

33

Products (Advanced Materials)

30
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LG Chem Acquisitions / Subsidiaries

Company NameDateDeal Size
LG NanoH2OMarch 17, 2014
Farmhannong America
FarmHannong Co.
Farm Hannong (Heilongjiang) Chemical Co.
FARMHANNONG(MALAYSIA) SDN. BHD.
FarmHannong(Thailand) Ltd.5
HAENGBOKNURI CO.
LEYOU NEW ENERGY MATERIALS(WUXI) Co.
LG Chem America
LG Chem Australia Pty Ltd.
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LG Chem Revenue Breakdown

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LG Chem revenue breakdown by business segment: 14.4% from Advanced Materials, 29.2% from Energy Solutions, 52.4% from Petrochemicals and 4.1% from Other

LG Chem revenue breakdown by geographic segment: 16.0% from Europe, 6.5% from America, 13.4% from Asia, 33.8% from China, 28.8% from Korea and 1.4% from Other

Human Capital Metrics

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LG Chem Cybersecurity Score

Cybersecurity ratingPremium dataset

C

73/100

SecurityScorecard logo

LG Chem Online and Social Media Presence

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LG Chem Company Culture

  • Overall Culture

    B-

    69/100

  • CEO Rating

    C+

    68/100

  • Compensation

    D-

    47/100

Learn more on Comparably

LG Chem News and Updates

South America Hydraulic Acid (HA) Based Dermal Filler Market Report 2021-2028 Featuring Merz Pharma, HUGEL, TEOXANE, Allergan, Galderma, LG Chem, Sinclair Pharma, Medytox

Dublin, Sept. 14, 2021 (GLOBE NEWSWIRE) -- The "South America Hydraulic Acid (HA) Based Dermal Filler Market Outlook 2028" report has been added to ResearchAndMarkets.com's offering.

Global Battery Market (2021 to 2026) - Featuring Clarios, LG Chem and Panasonic Among Others

Dublin, Sept. 06, 2021 (GLOBE NEWSWIRE) -- The "Global Battery Market Outlook, 2026" report has been added to ResearchAndMarkets.com's offering. The report title 'Global Battery Market Outlook, 2026' gives a complete insight on the battery classified on basis of type (primary & secondary), tec…

GM says it will seek reimbursement from LG Chem for $1B Chevy Bolt recall losses

American automaker General Motors expanded its recall of Chevrolet Bolt electric vehicles on Friday due to fire risks from battery manufacturing defects. The automaker said it would seek reimbursement from LG Chem, its battery cell manufacturing partner, for what it expects to be $1 billion worth of…

Global Solid-State Car Battery Markets 2021-2030 with Toyota, Solid Power, QuantumScape, Samsung SDI & LG Chem Dominating

Dublin, Aug. 20, 2021 (GLOBE NEWSWIRE) -- The "Global Solid-State Car Battery Market by Vehicle (Passenger Car and Commercial Vehicle), Battery Energy Density (>450 Wh/Kg, >450 Wh/Kg), Propulsion (Bev, Phev), Component(Cathode, Anode, and Electrolyte), and Region - Forecast to 2030" report h…

Opportunities in the Global Lithium-ion Battery Packs Market to 2031, Featuring LG Chem, Telsa, Excell Battery Co, Corvus Energy and BAK Power

Dublin, Aug. 19, 2021 (GLOBE NEWSWIRE) -- The "Lithium-ion Battery Packs Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering. The study analyzes the historical and present-day scenario of the global lit…

LG Chem will invest $5.2B in battery materials through 2025

South Korea’s LG Chem has earmarked ₩6 trillion ($5.2 billion) over the next four years to build out its battery materials business. The investment comes as automakers and state regulators set targets to transition away from internal combustion engine vehicles, in a shift that will likely be the mos…
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LG Chem Blogs

A journey from old electronics to recycled plastic! How to make PCR ABS? Watch without thinking!

The post A journey from old electronics to recycled plastic! How to make PCR ABS? Watch without thinking! appeared first on LG케미토피아.

Why is LG Chem developing recycled plastics(PCR ABS)?

The post Why is LG Chem developing recycled plastics(PCR ABS)? appeared first on LG케미토피아.

LG Chem. This is what we do for sustainable future.

The post LG Chem. This is what we do for sustainable future. appeared first on LG케미토피아.

LG Chem Frequently Asked Questions

  • When was LG Chem founded?

    LG Chem was founded in 1947.

  • Who are LG Chem key executives?

    LG Chem's key executives are Hak-Cheol Shin, Young Soo and Sangmin Kim.

  • How many employees does LG Chem have?

    LG Chem has 40,234 employees.

  • What is LG Chem revenue?

    Latest LG Chem annual revenue is ₩28.6 t.

  • What is LG Chem revenue per employee?

    Latest LG Chem revenue per employee is ₩711.5 m.

  • Who are LG Chem competitors?

    Competitors of LG Chem include Showa Denko Materials, Mitsubishi Chemical Holdings and AGC.

  • Where is LG Chem headquarters?

    LG Chem headquarters is located at 128 Yeoui-daero, Yeoeuido-dong, Yeongdeungpo-gu, Seoul.

  • Where are LG Chem offices?

    LG Chem has offices in Seoul, Cheongju, Cheongwon-gun, Daejeon and in 38 other locations.

  • How many offices does LG Chem have?

    LG Chem has 52 offices.