Home > Business > Industry

LG Chem aims to double electronic materials sales to 2 trillion won by 2030

Published: 30 Mar. 2026, 17:06

LG Chem logo [SCREEN CAPTURE]

LG Chem, Korea's leading chemical company, announced Monday it aims to double sales in its high-end electronic materials business to 2 trillion won ($1.3 billion) by 2030, positioning the segment as a key growth driver.

The plan targets rising demand for value-added materials used in 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.

Yonhap