# LG Chem

> South Korean chemical company

**Wikidata**: [Q486976](https://www.wikidata.org/wiki/Q486976)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/LG_Chem)  
**Source**: https://4ort.xyz/entity/lg-chem

## Summary
LG Chem is a South Korean chemical company headquartered in Seoul, established in 1947 as part of the LG Group. It operates as a subsidiary of LG Group and is listed on the Korean Stock Exchange, specializing in the production of industrial chemicals, materials, and related products. The company is a key player in the global chemical industry, contributing to various sectors through its innovative solutions and sustainable practices.

## Key Facts
- **Inception**: Founded in 1947 as part of the LG Group.
- **Headquarters**: Located in Seoul, South Korea.
- **Ownership**: Operated by LG Group, a South Korean multinational conglomerate.
- **Industry**: Specializes in chemical manufacturing, including industrial chemicals and materials.
- **Stock Exchange**: Listed on the Korean Stock Exchange (KRX).
- **Employees**: Approximately 20,000 as of recent reports.
- **Revenue**: Reported revenue figures include 30.076 billion KRW (2023) and 27.353 billion KRW (2022).
- **Net Profit**: Net profit figures include 682.4 million KRW (2023) and 376.1 million KRW (2022).
- **Total Assets**: Total assets include 41.389 billion KRW (2023) and 34.024 billion KRW (2022).
- **Website**: Official website is [www.lgchem.com](http://www.lgchem.com/).
- **Blog**: Maintains a corporate blog at [blog.lgchem.com](https://blog.lgchem.com/).
- **Social Media**: Active on platforms like Twitter (lgchemglobal) and YouTube (UC_hW-IYYr9lhlHKZAjQsT8w).
- **Aliases**: Also known as LG Chemical, LG CHEM, LTD. (Seoul).
- **Stock Ticker**: KR7051910008 on the Korean Stock Exchange.
- **Industry Classification**: Classified under Q99529212 (chemical industry) in Wikidata.
- **Wikipedia Presence**: Has 27 sitelinks, indicating significant global recognition.

## FAQs
**What is LG Chem's primary industry focus?**
LG Chem specializes in the production of industrial chemicals and materials, serving sectors such as electronics, automotive, and construction. The company is known for its innovative chemical solutions and sustainable practices.

**Where is LG Chem headquartered?**
LG Chem is headquartered in Seoul, South Korea, as part of the LG Group. The company operates globally with a strong presence in Asia and other key markets.

**What is LG Chem's financial performance like?**
As of recent reports, LG Chem has shown steady financial growth with revenue figures of 30.076 billion KRW (2023) and 27.353 billion KRW (2022). Net profit figures include 682.4 million KRW (2023) and 376.1 million KRW (2022), reflecting its strong market position.

**How many employees does LG Chem have?**
LG Chem employs approximately 20,000 people, contributing to its operational efficiency and industry leadership.

**What are LG Chem's notable achievements?**
LG Chem is notable for its innovative chemical solutions, sustainable practices, and significant contributions to the global chemical industry. The company has maintained a strong presence on the Korean Stock Exchange and has expanded its influence through strategic partnerships and technological advancements.

## Why It Matters
LG Chem plays a crucial role in the global chemical industry by providing innovative solutions and sustainable practices. As a subsidiary of LG Group, it contributes to the broader economic and technological landscape of South Korea. The company's financial performance and employee base reflect its stability and growth, making it a key player in the chemical manufacturing sector. LG Chem's presence on the Korean Stock Exchange and its global recognition highlight its significance in the industry. The company's commitment to innovation and sustainability ensures its continued relevance and impact in the chemical manufacturing sector.

## Notable For
- **Global Recognition**: Maintains a strong presence on the Korean Stock Exchange and has significant global recognition.
- **Innovative Solutions**: Known for its innovative chemical solutions and sustainable practices.
- **Financial Stability**: Demonstrates steady financial growth with consistent revenue and profit figures.
- **Employee Base**: Employs approximately 20,000 people, contributing to its operational efficiency.
- **Industry Leadership**: A key player in the chemical manufacturing sector, contributing to various industries through its products and services.

## Body

### Overview
LG Chem is a South Korean chemical company established in 1947 as part of the LG Group. Headquartered in Seoul, the company specializes in the production of industrial chemicals and materials, serving sectors such as electronics, automotive, and construction. LG Chem is listed on the Korean Stock Exchange and operates globally, contributing to the chemical industry through its innovative solutions and sustainable practices.

### History and Establishment
LG Chem was founded in 1947 as part of the LG Group, a South Korean multinational conglomerate. The company has since established itself as a key player in the chemical industry, with a strong presence in Asia and other key markets. Over the years, LG Chem has expanded its operations and influence, contributing to the global chemical manufacturing sector.

### Financial Performance
LG Chem has shown steady financial growth, with revenue figures of 30.076 billion KRW (2023) and 27.353 billion KRW (2022). Net profit figures include 682.4 million KRW (2023) and 376.1 million KRW (2022), reflecting its strong market position. Total assets include 41.389 billion KRW (2023) and 34.024 billion KRW (2022), indicating the company's financial stability and growth.

### Operations and Products
LG Chem specializes in the production of industrial chemicals and materials, serving sectors such as electronics, automotive, and construction. The company is known for its innovative chemical solutions and sustainable practices, contributing to various industries through its products and services. LG Chem's operations are supported by a team of approximately 20,000 employees, ensuring its operational efficiency and industry leadership.

### Global Presence
LG Chem maintains a strong presence on the Korean Stock Exchange and has significant global recognition. The company operates globally, contributing to the chemical industry through its innovative solutions and sustainable practices. LG Chem's presence on the Korean Stock Exchange and its global recognition highlight its significance in the industry.

### Digital Presence and Media
LG Chem maintains an active digital presence through its official website, blog, and social media platforms. The company's website, [www.lgchem.com](http://www.lgchem.com/), provides comprehensive information about its products, services, and corporate updates. LG Chem also maintains a corporate blog at [blog.lgchem.com](https://blog.lgchem.com/), offering insights into its operations and innovations. The company is active on social media platforms like Twitter (lgchemglobal) and YouTube (UC_hW-IYYr9lhlHKZAjQsT8w), engaging with its audience and sharing updates on its activities.

### Industry Classification and Recognition
LG Chem is classified under Q99529212 (chemical industry) in Wikidata, reflecting its specialization in chemical manufacturing. The company has maintained a strong presence on the Korean Stock Exchange and has significant global recognition, with 27 sitelinks on Wikipedia, indicating its widespread influence and relevance in the industry.

### Ownership and Partnerships
LG Chem is operated by LG Group, a South Korean multinational conglomerate. The company is a subsidiary of LG Group and operates as part of its broader business portfolio. LG Chem's ownership and partnerships with other entities contribute to its operational efficiency and industry leadership.

### Technical Identifiers
LG Chem utilizes various technical identifiers, including its stock ticker (KR7051910008) on the Korean Stock Exchange. The company's technical identifiers include its website, blog, and social media profiles, reflecting its commitment to digital engagement and corporate transparency.

### Conclusion
LG Chem is a significant player in the global chemical industry, known for its innovative solutions, sustainable practices, and financial stability. As a subsidiary of LG Group, the company contributes to the broader economic and technological landscape of South Korea. LG Chem's presence on the Korean Stock Exchange and its global recognition highlight its significance in the industry, making it a key entity in the chemical manufacturing sector.

## References

1. [Source](https://www.lgchem.com/upload/file/audit-report/LG_Chem_2020_Consolidated_Financial_Statements_ENG.pdf)
2. Freebase Data Dumps. 2013
3. Global LEI Index
4. [Source](http://km.aifb.kit.edu/services/crunchbase/)
5. [annual report](https://www.lgchem.com/upload/file/audit-report/LG_Chem_2020_Consolidated_Financial_Statements_ENG.pdf)
6. Quora
7. Aligned ISNI and Ringgold identifiers for institutions
8. ROR release v1.29
9. YouTube API