LG Chem, Korea s leading chemical firm, said Wednesday it has started the construction of a 1.8 trillion-won ($1.4 billion) cathode plant in the United States to meet the rising demand for electric vehicles (EVs).
LG Group, the country’s fourth-largest conglomerate, announced its year-end executive reshuffle on Friday, seeking to infuse the top brass with younger blood. From Wednesday to Friday, affiliates of LG Group held board meetings to appoint three new chief executive officers and promote 136 executives. Among the 99 to become executives, 97 of them were born after 1970 and five were born in the 1980s, the conglome.
South Korean conglomerates are set to carry out regular reshuffle of executives to gear up for the coming year, starting with LG Group this week. Samsung Electronics, SK Group and Hyundai Motor Group, the top three conglomerates in order, are expected to conduct their regular executive reshuffles as late as early December. On Thursday, LG Display appointed Jeong Cheol-dong, currently LG Innotek president as its new c.
LG Chem has adopted standard subcontracting agreements and four growth-sharing practices, recommended by the Fair Trade Commission, for its small partner firms to create fairer and more transparent business environments, company officials said Sunday.
LG Chem, Korea’s top chemical company, announced that it had signed an agreement with ADM from the U to cooperate in churning out plant-based bioplastics.