LG Chem Ltd (LG Chem) manufactures and markets chemicals.

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LG Chem aims to strengthen the competitiveness of its core technologies, increase investment in next-generation materials and technologies, and develop new growth engines for the future to maintain its leading position. Each division has a research center that carries out fundamental research and develops products for its business. This mechanism enhances competitiveness in critical technologies while achieving breakthroughs with next-generation technological innovations. Its major research areas in platform technologies are coating/dispersion, adhesion, simulation, process technology, and analysis/rheological properties. LG Chem's R&D is divided into four divisions such as CTO, Petrochemicals, Advanced Materials, and Life Sciences. Furthermore, the company's CTO division focuses on the cultivation of core base technologies and the technology development for new industries. The major focus areas under this division are carbon reduction technology and eco-friendly and low-carbon materials. Under the petrochemicals division, the company's key research areas are on high-value-added materials, catalysts, process technology, future technology, sustainability materials, catalyst development, development of materials through catalysis technology, catalytic process development, processing technology development, and technology support for petrochemical applications. In the advanced material division, the company's research focuses on rechargeable batteries, electronic materials, and automotive. Lastly, under the life science division, the company focuses on synthetic drugs and biopharmaceutical products. As of December 2023, the company had 18,268 domestic and 31,828 overseas patents and trademarks. The company had six R&D centers in South Korea and Globally. In FY2023, the company spent KRW2,033,290 million on R&D, which as a percentage of revenue, stood at 3.7%% and grew 13.2% YoY.