SK global chemical acquires 13% stake in LTC

[THE INVESTOR] SK global chemical announced on Dec. 2 that it has acquired 12.98 percent stake in chemical company LTC.

LTC has the largest market share in chemical solutions for semiconductor flat panel display worldwide, and in 2015 posted 76.4 billion won (US$65.52 million) revenue with 8 billion won operating profit.

The petrochemical arm of SK Group will incorporate its network in China with LTC’s technology and review entering the market where investment in display and semiconductors is growing.

By Hwang You-mee (glamazon@heraldcorp.com)