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LG Chem reshapes portfolio amid petrochemical downturn

my timesThe Korea Timesopen noticesearchBusinessCompaniesLG Chem reshapes portfolio amid petrochemical downturnListenListenText SizePrintPublished Jul 27, 2026 4:24 pm KSTLG Chem researcher tests materials. Courtesy of LG Chem LG Chem is reshaping its business portfolio around four growth engines as it responds to a prolonged downturn in the petrochemical industry and rising demand driven by artificial intelligence (AI) and electrification. The company has expanded its long-term growth strategy by adding high-value specialty materials to its existing growth pillars — battery materials for e-mobility, innovative pharmaceuticals and sustainability — aiming to more than triple its revenue from the four growth businesses by 2030….

Source: Korea Times Business

LG Chem reshapes portfolio amid petrochemical downturn