LG Chem vows to up investment in R&D to $897mn this year

LG Chem, Ltd. is a globally diversified chemical company which manufactures a wide range of products, from petrochemical goods to high-value added plastics, and extends its chemical expertise into high-tech areas such as electronic materials and rechargeable batteries. Since its establishment in 1947, LG Chem has strengthened global presence in the petrochemical industry by expanding key businesses including ABS and PVC, namely ranging from premium products to daily commodities.

Crop protection products can be divided into two forms, which are active ingredients and formulated products, and include herbicides, insecticides, and fungicides. LG Chem has developed a total of 20 active ingredients, including new substances and generics, and exported them to overseas markets, enhancing competitiveness in the global market. For the first time in Korea, they developed new three protection products, that is, Pyribenzoxim, Flucetosulfuron and Ethaboxam, which are now exported to about 20 countries. More details please see http://www.lgchem.com/global/bio/fine-chemistry/product-detail-PDGB0000

Based on the technology and capability accumulated so far, LG Chem aims to reinforce talent development while increasing investment in R&D to maintain its leadership in becoming a "world-class materials company strong in R&D."​