LG Chem Ltd., South Korea’s leading chemical company, said Monday it aims to double sales in its high-end electronic materials business to 2 trillion won (US$1.3 billion) by 2030, positioning the segment as a key growth driver.
The plan targets rising demand for value-added materials used in artificial intelligence (AI) semiconductors, autonomous driving systems and next-generation displays, the company said in a press release.
As part of the strategy, LG Chem recently integrated research and development (R&D) teams working on advanced electronic materials into its Advanced Materials R&D Center.
“LG Chem will transform itself into a technology-focused company with expertise in high-value materials by leveraging its capabilities and technologies,” a company official said.
In 2025, LG Chem swung to a net loss of 977.1 billion won from a net profit of 515 billion won a year earlier, amid a slowdown in the petrochemical and battery materials sectors.
Its full-year operating profit rose 35 percent to 1.18 trillion won, while sales fell 5.7 percent to 45.93 trillion won.
This undated file photo provided by LG Chem Ltd. shows researchers working at the company’s electronic materials research and development center. (PHOTO NOT FOR SALE) (Yonhap)
kyongae.choi@yna.co.kr
(YONHAP NEWS)