LG Energy Solution, the battery manufacturing affiliate of LG Group, said it will invest 600 billion won ($448 million) to fortify production capabilities at its Ochang Energy Plant 2, as part of its medium-term growth strategy.
Posted : 2020-12-28 15:50
Updated : 2020-12-28 17:58
LG Group Chairman Koo Kwang-mo, right, looks at an EV battery model under development in this file photo. / Courtesy of LG
By Kim Bo-eun
LG Group has identified key areas of focus as it enters a tougher business environment next year.
In a recent meeting with CEOs of major affiliates, LG Group Chairman Koo Kwang-mo presented quality, safety and environment as the group s next year core initiatives, according to LG, Monday. Let each of the members of the group work with a sense of responsibility that LG products are those used by my family members and LG is where my family members work, Koo was quoted as saying at the meeting in a press release by the group.
LG Energy Solution contemplates IPO destination
Posted : 2020-12-16 09:10
Updated : 2020-12-16 20:18
People walk past LG Group s headquarters on Yeouido, Seoul, in this file photo. / Korea Times file
By Kim Bo-eun
Following the spinoff of LG Chem s battery business earlier this month, attention is now focusing on where the new corporate body LG Energy Solution will conduct its planned IPO.
While the company states key decisions have yet to be made, earlier remarks by key executives have indicated the unit is considering overseas. We will review an IPO based on the amount of funds needed after setting up the new corporate body, LG Chem s CFO Cha Dong-seok told major shareholders in a conference call in September. Other markets will not be ruled out considering their size and adequacy.