MIRA
INFORM REPORT
|
Report Date : |
22.09.2008 |
IDENTIFICATION
DETAILS
|
Name : |
LG CHEM LTD. |
|
|
|
|
Registered Office : |
24th Fl., LG Twin Tower East Annex ,20,
Yeouido-dong, Yeongdeungpo-gu, Seoul, 150-721 |
|
|
|
|
Country : |
Korea |
|
|
|
|
Financials (as on) : |
31.12.2007 |
|
|
|
|
Date of Incorporation : |
04.01.2001 |
|
|
|
|
Com. Reg. No.: |
107-81-98139 |
|
|
|
|
Legal Form : |
Listed Company |
|
|
|
|
Line of Business : |
Manufacture of Basic Organic Petrochemicals |
RATING &
COMMENTS
|
MIRA’s Rating : |
Aa |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
Basic
|
Company
Name |
LG CHEM LTD. |
|
Registered Address |
20,
Yeouido-dong, Yeongdeungpo-gu, Seoul, Korea |
|
Building |
24th Fl., LG Twin Tower East Annex |
|
Zip Code |
150-721 |
|
Tel |
+82-2-3773-5114 |
|
Fax |
+82-2-3773-7933 |
|
E-mail |
ir@lgchem.com |
|
Website |
www.lgchem.com |
|
Trading Address |
24th
Fl., LG Twin Tower East Annex, 20, Yeouido-dong, Yeongdeungpo-gu, Seoul,
Korea |
|
Tel |
+82-2-3773-5114 |
|
Fax |
+82-2-3773-7933 |
|
Yeosu VCM Factory |
763, Wolnae-dong, Yeosu-si, Jeonnam-do 555-260
Korea |
|
Tel |
+82-61-680-6400 |
|
Yeosu SM Factory |
1214-1, Jeokryang-dong, Yeosu-si,
Jeonnam-do 555-270 Korea |
|
Tel |
+82-61-680-6201 |
|
Okso Alcohol Factory |
760 Jungheung-dong, Yeosu-si, Jeonnam-do
555-200 Korea |
|
Tel |
+82-61-680-6810 |
|
Yeosu Acylate Factory |
70-1, Hwachi-dong, Yeosu-si, Jeonnam-do
555-280 Korea |
|
Tel |
+82-61-680-1114 |
|
Fax |
+82-61-680-6006 |
|
Ulsan Factory |
388, Mangyang-ri, Onyang-eup, Ulju-gun,
Ulsan 689-901 Korea |
|
Tel |
+82-52-231-4114 |
|
Fax |
+82-51-231-4003 |
|
Naju Factory |
1, Songwol-dong, Naju-si, Jeonnam-do 520-130
Korea |
|
Tel |
+82-61-330-1114 |
|
Fax |
+82-61-330-1350 |
|
Daesan Factory |
679-13, Daejuk-ri, Daesan-eup, Seosan-si,
Chungnam-do 356-874 Korea |
|
Tel |
+82-41-660-7821 |
|
Fax |
+82-41-660-7891 |
|
Iksan Factory |
599, Yongje-dong, Iksan-si, Jeonbuk-do
570-350 Korea |
|
Tel |
+82-63-830-1114 |
|
Fax |
+82-63-830-4118 |
|
Cheongju Factory |
Songjeong-dong, Heungdeok-gu, Cheongju-si,
Chungbuk-do 361-721 Korea |
|
Tel |
+82-43-261-7114 |
|
Fax |
+82-43-261-7135 |
|
Onsan Factory |
580, Hwasan-ri, Onsan-eup, Jlju-gun, Ulsan
689-896 Korea |
|
Tel |
+82-52-238-4111 |
|
Fax |
+82-52-231-5007 |
|
Ochang Techno Park |
8B Ochang Scientific Local Industrial Complex
1114-1 Namchon-ri, Oksan-myeon, Cheongwon-gun, Chungbuk-do 363-911 Korea |
|
Tel |
+82-41-660-7826 |
|
Fax |
+82-41-660-7891 |
|
Type |
Export/Import |
|
Industry |
Manufacture of Basic Organic Petrochemicals |
|
Main Business |
Petrochemicals, Performance Polymers, Industrial Materials,
Information & Electronic Materials |
|
Sub Business |
Manufacture of Synthetic Resin and Other Plastic Materials |
|
Established (mm/dd/yyyy) |
04/01/2001 |
The Subject owns the premises of registered factories in Yeosu, Ulsan, Daesan, Naju, Iksan, Chungju, Onsan and Ochang.
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Photographic processing chemicals(45141500) |
|
Sell |
Resins(13111000) |
|
Sell |
Surface decorative materials |
|
Sell |
Circuit assemblies and radio frequency RF components(32101500) |
|
Sell |
Films(13111200) |
|
Sell |
Electrical boxes(39121303) |
|
Sell |
Rugs and mats(52101500) |
|
Sell |
Synthetic or imitation leather(11162307) |
|
Sell |
Wall finishing materials(30161500) |
|
Sell |
Heating equipment and parts and accessories(40101800) |
|
Sell |
Additives(12160000) |
|
Sell |
Flooring(30161700) |
|
Sell |
Restroom partitions(30181508) |
|
Sell |
Pipe(40142100) |
|
Sell |
Tiles and flagstones(30131700) |
|
Sell |
Doors(30171500) |
|
Sell |
Door frames(30171507) |
|
Sell |
Films(13111200) |
|
Sell |
Wallpapers(30161502) |
|
Sell |
Nickel hydrogen batteries(26111712) |
|
Sell |
Lithium batteries(26111711) |
|
Sell |
Transportation components and systems(25170000) |
|
Sell |
Polarizers(31242202) |
|
Sell |
Billboard advertising(82101501) |
|
Sell |
Molding(30161906) |
|
Sell |
Polystyrene PS(13102026) |
|
Sell |
Gaseous fuels(15111500) |
|
Sell |
Inorganic hydroxides(12352305) |
|
Sell |
Elastomers(13101700) |
|
Sell |
Toner(44103103) |
|
Sell |
Plasticizers(12162000) |
|
Sell |
Low Density Polyethylene LDPE(13102018) |
|
Sell |
Polybutylene Terepthalate PBT(13102012) |
|
Sell |
Chemicals including Bio Chemicals and Gas Materials(12000000) |
|
Sell |
Aromatic or heterocyclic compounds(12352005) |
|
Sell |
Acrylonitrile butadiene styrene ABS(13102001) |
|
Sell |
Thermoplastic plastics(13102000) |
|
Sell |
Polypropylene PP(13102022) |
|
Sell |
Styrene Acrylonitrile SAN(13102031) |
|
Sell |
Polyethylene (PE) Compound |
|
Sell |
Acrylate or methacrylate intermediates(12352130) |
|
Sell |
High Density Polyethylene HDPE(13102017) |
|
Sell |
Polyvinyl Chloride PVC(13102030) |
CEO’s
|
Name |
Kim Bahn-Suk |
|
Address |
- |
|
Date of Birth |
01/06/1949 |
|
Title |
President & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital |
419,500,105,000 KRW |
|||||||||||||||
|
Employees |
10,780 |
|||||||||||||||
|
Formation |
Listed Company (Korea Stock Exchnage :
051910 ) as of 04/25/2001 A company of LG Business Group |
|||||||||||||||
|
Bank Details |
Woori Bank-Twin Tower Branch Hana Bank |
|||||||||||||||
|
Corporate Registered No. |
110111-2207995 |
|||||||||||||||
|
Business Registered No. |
107-81-98139 |
|||||||||||||||
|
Permit & Licenses |
KOSHA 2000 Int’l Trade No.: 11893323 |
|||||||||||||||
|
Shareholder Position |
|
Company
History
1947.01 Established as Lucky Chemical
Industrial Corporation
1951.11 Moved headquarters to Bujin-dong,
Busan Produced Korea's first injection-molded products
1954.07 Commissioned first mass-production
injection-molding plant (Busan Yeonji Plant)
1959.03 Founded Lucky Fats and Oils
Industries Co.
1961.07 Established as Lucky Chemical
Industrial Corporation
1962.08 Moved headquarters to Bujin-dong,
Busan Produced Korea's first injection-molded products
1966.01 Commissioned first mass-production
injection-molding plant (Busan Yeonji Plant)
1969.10 Founded Lucky Fats and Oils
Industries Co.
1974.02 Renamed as Lucky Ltd.
1976.11 Commissioned Yeocheon PVC paste resin
production plant
1978.08 Commissioned Ulsan plastics
processing plant
1979.12 Opened Lucky Central R&D Center
in Daejeon
1984.03 Established as Lucky Chemical
Industrial Corporation
1985.01 Moved headquarters to Bujin-dong,
Busan Produced Korea's first injection-molded products
1987.05 Commissioned first mass-production injection-molding
plant (Busan Yeonji Plant)
1989.02 Founded Lucky Fats and Oils
Industries Co.
1990.12 Founded joint venture firm Lucky MMA
1991.03 Founded overseas joint venture firm
in PVC processing and DOP
1991.11 Merged Lucky Materials
1992.10 Commissioned Yeocheon PA plant
1993.04 World's first development and
commercialization of HCFC resistant resin
1994.10 Completed Lucky Research Park in
Daejeon
1995.02 Renamed LG Chemical Ltd.
1996.11 Acquired India's Hindustan Polymer
Ltd. In India (LG Polymer India)
1997.12 Selected as one of the Asia's Best
Companies by Euromoney
1998.05 Completed Tianjin LG-Dagu Chemical
PVC plant in China
1998.05 Completed Tianjin LG New Building
Materials flooring plant in China
1998.07 Commissioned Ningbo LG-Yogxing
Chemical ABS plant in China
1999.02 Issued 2 million global depository
receipts
1999.10 Completed production sites for
information and electronic materials in Cheongju (lithium ion batteries,
phosphor, and ccl) Commercialized color filter photoresists for LCD panels
2000.07 Developed phosphor for PDP for the
first time in Korea
2000.10 Completed 90,000 mtpa Ningbo
LG-Yongxing Chemical ABS plant expansion in China
2000.11 Acquired Hyundai Petrochemical's PVC
business
2001.03 Established U.S. based battery
research center, Compact Power Inc.
2001.04 Demerged into three separate
companies: LG Chem Investment, LG Chem and LG Household & Healthcare
2001.05 Spun off powder coatings business
2001.06 Developed Korea's first thermal
conductive plastic
2001.08 Spun off dyestuff business
2001.10 Completed 90,000 mtpa Tiangjin
LG-Dagu Chemical PVC plant expansion in China
2002.02 Completed Cheongju polarizer plant
expansion
2002.04 Sold off epoxy business (to Bakelite
of Germany)
2002.07 Started the operation of ERP system
2002.08 Commissioned Guangzhou EP compound
plant
2002.08 Established LG Chemical Trading Co.,
Ltd. In Shangha
2002.12 Started construction of Ochang Techno
Park, a complex for Information & Electronic Materials Completed 150,000
mtpa expansion of Ningbo LG-Yongxing Chemical ABS plant in China
2003.03 Completed Tianjin window profile and
door plant in China Artificia marble business (HI MACS) launched in US market
2003.06 Consortium with Honam Petrochemical,
partial absorption of Hyundai Petrochemical
2003.07 Completed construction of EP compound
facility in Guangzhou, China
2003.08 Established LG Chem (Nanjing)
Information & Electronic Materials Co., Ltd. in China
2003.11 Established LG Chem Industrial
Materials, Inc. in the USA
2004.03 Completed Ochang Techno Park
production complex for Information & Electronic Materials
2004.06 Established LG Yongxing Latex in
Ningbo, China
2004.11 Commissioned Guangzhou ABS plant in
China
2005.01 Established LG Chem (China)
Investment Co., Ltd. In Beijing, China
2005.01 Completed business split of Hyundai
Petrochemicals and established LG Daesan Petrochemicals
2005.06 Established joint R&D lab with
Moscow State University
2005.07 Established sales subsidiary LG Chem
Europe GmbH in Frankfurt, Germany
2005.10 Commissioned Hi-Macs solid acrylic
surface plant in the USA
2006.01 Merged with LG Daesan Petrochemicals
2007.11 Signed the agreement on the merger of
LG PETROCHEMICAL CO., LTD (110111-0226905)
Corporate Spin Off
LG Chem has been
detached from LG Chemical Ltd. in April 1, 2001 to unlock long-term shareholder
value and provide investors with investment opportunities in highly focused
entities. LG Chemical spun-off into LG Chem Investment (LGCI), LG Chem and LG
Household & Healthcare.
The Subject Company
is a manufacturer engaged in the provision of petrochemical goods, plastics,
flooring and automobile parts. The Company operates three main divisions:
Information and Electronic Materials, which produces batteries, display and
optical materials, printed circuit materials and toners; Chemical and Polymers,
which produces polyvinyl chloride products, plasticizers, octanol, butanol,
polyethylene compounds, acrylic acids, performance polymers, engineering
plastics, elastomers, conductive resins and other chemicals, and Industrial
Materials, which produces residential flooring, commercial flooring, wall
covering, surface and decorative materials, advertising banner sheets and
automotive components. The Company's headquarters are located in Seoul, Korea.
It has eight domestic factories. As of November 2, 2007, the Company merged
with LG Petrochemical Co., Ltd.
Management
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education |
|
President & CEO |
Mr. |
Kim Bahn-Suk |
Korean |
1949.01.06 |
Seoul National University |
|
Chairman |
Mr. |
Kang Yu-Sik |
Korean |
1948.11.03 |
Seoul National University |
|
Director & CFO |
Mr. |
Cho Suck-Jae |
Korean |
1955.09.27 |
Busan National University |
|
Director |
Mr. |
Oh Ho-Soo |
Korean |
1944.03.04 |
Yonsei University |
|
Director |
Mr. |
Lee Young-Moo |
Korean |
19'54.10.23 |
North Carolina University |
|
Director |
Mr. |
Kim Kun-Sik |
Korean |
1955.01.10 |
University of Washington |
|
Director |
Mr. |
Ahn Sang-Hyung |
Korean |
1950.12.12 |
Seoul National University |
|
Director |
Mr. |
Park Il-Jin |
Korean |
1947.02.10 |
Korea University |
Financials
Unit: KRW
|
Year |
Sales |
Assets |
Net income |
|
10,795,320,000,000 |
7,049,952,000,000 |
686,205,000,000 |
|
|
2006 |
9,284,570,000,000 |
5,806,516,000,000 |
316,000,000,000 |
|
2005 |
7,425,104,000,000 |
5,593,399,000,000 |
400,258,000,000 |
|
2004 |
7,127,411,000,000 |
5,679,529,000,000 |
536,420,000,000 |
|
2003 |
5,672,465,760,496 |
4,761,747,857,666 |
362,108,459,312 |
|
2002 |
5,114,623,706,562 |
3,846,141,873,976 |
345,277,200,055 |
Financial Description
Unit: KRW
|
Authorized
Capital |
1,460,000,000,000 |
|
Paid-Up
Capital |
419,500,105,000 |
|
Total Issues Shares |
83,900,021 |
Balance
Sheet
|
Unit : Million Korean Won |
As of 12/31/2007 |
As of 12/31/2006 |
As of 12/31/2005 |
|
Total Assets |
7,049,952 |
5,806,516 |
5,593,399 |
|
Current Assets |
2,861,887 |
1,949,221 |
1,436,296 |
|
-Quick Assets |
1,694,050 |
1,080,083 |
827,446 |
|
-Inventories |
1,167,837 |
869,138 |
608,850 |
|
Fixed Assets |
4,188,065 |
3,857,295 |
4,157,103 |
|
-Investment |
637,755 |
878,676 |
1,478,843 |
|
-Tangibles |
3,621,800 |
3,099,022 |
2,456,822 |
|
-Intangibles |
-182,776 |
-212,990 |
100,855 |
|
-Others |
111,286 |
92,587 |
120,583 |
|
Total Liabilities |
3,171,756 |
3,183,156 |
3,148,658 |
|
Current Liabilities |
2,030,207 |
1,872,655 |
1,946,910 |
|
Fixed Liabilities |
1,141,549 |
1,310,501 |
1,201,748 |
|
Capital Stock |
419,500 |
365,432 |
365,432 |
|
Capital Surplus |
1,299,357 |
739,612 |
739,612 |
|
Profit Surplus |
2,199,136 |
1,585,839 |
1,360,866 |
|
Capital Adjustment |
-39,797 |
-67,523 |
-21,169 |
|
Total Equity |
3,878,196 |
2,623,360 |
2,444,741 |
|
Liab. & Shareholder’s Equity |
7,049,952 |
5,806,516 |
5,593,399 |
|
Current Liabilities |
2,030,207 |
1,872,655 |
1,946,910 |
|
Short-Term Borrowings |
- |
25,076 |
100,224 |
|
Trade Payables |
749,401 |
750,762 |
596,580 |
|
Account Payables |
559,180 |
516,955 |
372,834 |
|
Advance Receipts |
9,596 |
2,885 |
3,148 |
|
Unearned Income |
1,785 |
1 |
2 |
|
Withholdings |
58,948 |
50,488 |
39,400 |
|
Accrued Expenses |
37,333 |
42,276 |
30,452 |
|
Accrued Income Tax |
247,641 |
44,241 |
63,609 |
|
Accrued Dividends |
40 |
39 |
57 |
|
Current Portion of Long-Term Debts |
366,283 |
439,932 |
740,604 |
|
Fixed Liabilities |
1,141,549 |
1,310,501 |
1,201,748 |
|
Debentures |
684,007 |
913,798 |
872,470 |
|
Long-Term Borrowings |
307,304 |
196,885 |
116,335 |
|
Guarantee Deposit Received |
6,260 |
6,659 |
2,873 |
|
Long-Term Accrued Expenses |
26,518 |
2,459 |
1,042 |
|
Provision for Severance & Retirement |
94,908 |
98,415 |
80,410 |
|
Deferred Income Tax Credit |
20,771 |
89,196 |
104,804 |
|
Derivatives |
1,781 |
3,089 |
23,814 |
Income
Statement
|
Unit : Million Korean Won |
As of 12/31/2007 |
As of 12/31/2006 |
As of 12/31/2005 |
|
Sales |
10,795,320 |
9,280,154 |
7,425,104 |
|
Cost of Sold Goods |
8,981,994 |
7,946,851 |
6,107,725 |
|
Gross Profit |
1,813,326 |
1,333,303 |
1,317,379 |
|
Selling & Admin. Expenses |
1,049,704 |
996,963 |
895,665 |
|
Operating Income |
763,622 |
336,340 |
421,714 |
|
Non-Operating Income |
316,811 |
320,591 |
372,607 |
|
Non-Operating expenses |
257,986 |
259,138 |
326,643 |
|
Ordinary Income |
822,447 |
397,793 |
467,678 |
|
Special Income |
- |
- |
- |
|
Income Before Taxes |
822,447 |
397,793 |
467,678 |
|
Income Taxes Expenses |
121,250 |
79,725 |
64,067 |
|
Net Income |
686,205 |
316,000 |
403,611 |
Cash
Flows
|
Unit : Million Korean Won |
As of 12/31/2007 |
As of 12/31/2006 |
As of 12/31/2005 |
|
Cash Flows from Operating |
999,228 |
718,072 |
472,207 |
|
-Net Income |
686,205 |
316,000 |
403,611 |
|
-Exp. without Cash Outflow |
678,185 |
709,669 |
638,893 |
|
-Revenue
without Cash Inflows |
(-)235,617 |
(-)207,905 |
(-)300,056 |
|
-Changes in
Asset/ & Liability |
(-)129,545 |
(-)99,692 |
(-)270,241 |
|
Cash Flows
from Investing |
(-)536,377 |
(-)603,740 |
(-)430,472 |
|
-Cash Inflow
from Investing |
36,316 |
51,067 |
221,368 |
|
-Cash
Outflows for Investing |
(-)572,693 |
(-)654,807 |
(-)651,840 |
|
Cash Flows
from Financing |
(-)306,610 |
(-)369,454 |
(-)266,007 |
|
-Cash
Inflows from Financing |
252,215 |
559,252 |
270,259 |
|
-Cash Outflows
from Financing |
(-)558,825 |
(-)928,706 |
(-)536,266 |
|
Increase/Decrease in Cash |
350,608 |
(-)73,615 |
(-)224,272 |
|
Cash at the Beginning of Year |
115,830 |
189,445 |
413,717 |
|
Cash at the End of Year |
466,438 |
115,830 |
189,445 |
Products, Technologies, Services
Description
|
Main
Products & Services |
-Information & Electronic Materials Mobile Energy Optical Materials Electronic Materials -Chemicals & Polymers NCC/Polyolefin Rubbers/Specialty Polymers PVC ABS/EP Acrylates/Plasticizers -Industrial Materials Housing Solutions Living Solutions Automotive Solutions |
|
Detailed
Products Spec. |
Information & Electronic Materials Chemicals & Polymers Industrial Materials |
Organization Structure
|
Competitors |
SAMSUNG GENERAL CHEMICALS CO., LTD. ADDRESS: SAN 222-2, DOKGOT-RI, DAESAN-EUP,
SEOSAN-SI, CHUNGNAM-DO 356-874 KOREA TEL: 82-41-660-6213 FAX: 82-41-681-4812 INDUSTRY: MANUFACTURE OF BASIC ORGANIC
PETROCHEMICALS SAMSUNG TOTAL PETROCHEMICALS CO., LTD. ADDRESS: 411-1, DOKGOT-RI, DAESAN-EUP,
SEOSAN-SI, CHUNGNAM-DO 356-874 KOREA TEL: 82-41-660-6114 FAX: 82-41-681-4812 INDUSTRY: MANUFACTURE OF BASIC ORGANIC
PETROCHEMICALS SK CHEMICALS CO., LTD. ADDRESS: 600, JEONGJA 1-DONG, JANGAN-GU,
SUWON-SI, GYEONGGI-DO 440-745 KOREA TEL: 82-31-245-3131 FAX: 82-31-247-2004 INDUSTRY: MANUFACTURE OF BASIC ORGANIC
PETROCHEMICALS BASF CO., LTD. ADDRESS: 373-15, HWACHI-DONG, YEOSU-SI,
JEONNAM-DO 555-280 KOREA TEL: 82-61-680-7000 FAX: 82-61-684-7260 INDUSTRY: MANUFACTURE OF BASIC ORGANIC
PETROCHEMICALS ACE DIGITECH CO., LTD. ADDRESS: 441-1, GURYONG-RI, OCHANG-MYEON,
CHEONGWON-GUN, CHUNGBUK-DO 363-883 KOREA TEL: 82-43-210-0100 FAX: 82-43-217-6991 INDUSTRY: MANUFACTURE OF OPTICAL FIBERS AND
ELEMENTS |
Suppliers
LG INTERNATIONAL CORP.
LG PETROCHEM. CO., LTD.(110111-0226905)
LG CORP.
OXY/DOW CHEM
PETOCA
ADVANCED NANO PRODUCTS CO., LTD.
ADDRESS: BUYONG LOCAL INDUSTRIAL COMPLEX,
244, GEUMHO-RI, BUYONG-MYEON, CHEONGWON-GUN, CHUNGBUK-DO 363-942 KOREA
TEL: 82-43-275-6966 FAX: 82-43-275-6960
INDUSTRY: MANUFACTURE OF ALL OTHER CHEMICAL
PRODUCTS N.E.C.
KAEL CO., LTD.
ADDRESS: 1690-2, SINIL-DONG, DAEDEOK-GU,
DAEJEON 306-230 KOREA
TEL: 82-42-931-6287 FAX: 82-42-931-9190
INDUSTRY: MANUFACTURE OF SEMICONDUCTOR-
MAKING MACHINERY
ELICO POWER CO., LTD.
ADDRESS: 466-2, SONGJEONG-DONG, GWANGJU-SI,
GYEONGGI-DO 464-903 KOREA
TEL: 82-31-760-3600 FAX: 82-31-760-3601
INDUSTRY: MANUFACTURE OF OTHER ELECTRIC
MOTORS, GENERATORS AND TRANSFORMERS
SEMONG NICE CO., LTD.
ADDRESS: #407 YUCHEON FACTOPIA 196 ANYANG
7-DONG MANAN-GU ANYANG-SI GYEONGGI-DO 430-727 KOREA
TEL: 82-31-467-2713~6 FAX: 82-31-467-2999
INDUSTRY: MANUFACTURE OF SHOES
BUMSAN SYSTEC CO., LTD.
ADDRESS: 2 FL., GEUMSEONG BLDG., 117-2,
YANGJAE-DONG, SEOCHO-GU, SEOUL 137-130 KOREA
TEL: 82-2-577-2574 FAX: 82-2-579-6481
INDUSTRY: PAPER HANGING, DECORATING AND
CARPENTRY WORKS
LS CABLE LTD.
ADDRESS: 19 FL., ASEM TOWER, 159, SAMSEONG
1-DONG, GANGNAM-GU, SEOUL 135-798 KOREA
TEL: 82-2-2189-9114 FAX: 82-2-2189-9509
INDUSTRY: MANUFACTURE OF INSULATED WIRE AND
CABLE, EXCEPT INSULATED CODE SETS
SUN YOUNG CHEMICAL CO., LTD.
ADDRESS: 170-43, ANNYEONG-RI, TAEAN-EUP,
HWASEONG-SI, GYEONGGI-DO 445-976 KOREA
TEL: 82-31-226-3016 FAX: 82-31-226-3010
INDUSTRY: MANUFACTURE OF PLASTIC FILMS,
SHEETS AND PLATES
NEXCON TECHNOLOGY CO., LTD.
ADDRESS: 303-1, YOBANG-RI, SEONGGEO-EUP,
CHEONAN-SI, CHUNGNAM-DO 330-834 KOREA
TEL: 82-41-620-4000 FAX: 82-41-620-4009
INDUSTRY: MANUFACTURE OF OTHER ELECTRIC
MOTORS, GENERATORS AND TRANSFORMERS
POWER LOGICS CO., LTD.
ADDRESS: 5445, SANGDAEWON-DONG, JUNGWON-GU,
SEONGNAM-SI, GYEONGGI-DO 462-120 KOREA
TEL: 82-31-704-1463 FAX: 82-31-704-9487
INDUSTRY: MANUFACTURE OF ELECTRICAL
APPARATUSESES FOR SWITCHING, PROTECTING AND CONNECTING ELECTRICAL CIRCUITS USED
IN POWER DISTRIBUTION SYSTEMS
SPEC CORP.
ADDRESS: 1695-5, SINIL-DONG, DAEDEOK-GU,
DAEJEON 306-230 KOREA
TEL: 82-42-934-9200 FAX: 82-42-934-9300
INDUSTRY: MANUFACTURE OF AIRCRAFT PARTS AND
ACCESSORIES
DONGKOOK IND. CO., LTD.
ADDRESS: GABEUL BLDG., 2-5, GARWOL-DONG,
YONGSAN-GU, SEOUL 140-758 KOREA
TEL: 82-2-754-2961 FAX: 82-2-754-2960
INDUSTRY: MANUFACTURE OF OTHER PARTS AND
ACCESSORIES FOR MOTOR VEHICLES
S DOCERA CO.
ADDRESS: 11-1206 REX APT, DONG BU ICHON DONG, YONGSAN GU, SEOUL 140-030
KOREA
TEL: 82-2-7492720 FAX: 82-2-7492722
INDUSTRY: WHOLESALE TEXTILES
Customers
SILTRON INC.
LG INTERNATIONAL CORP.
LG ELECTRONICS INC.
LG. PHILIPS LCD CO., LTD.
LG PETROCHEM. CO., LTD.
KIA MOTORS CORPORATION
ADDRESS: 231, YANGJAE-DONG, SEOCHO-GU, SEOUL
137-130 KOREA
TEL: 82-2-3464-1114 FAX: 82-2-3464-6800
INDUSTRY: MANUFACTURE OF PASSENGER MOTOR
VEHICLES
DAEWOO ELECTRONICS CO., LTD.
ADDRESS: 686, AHYEON-DONG, MAPO-GU, SEOUL 121-010
KOREA
TEL: 82-2-360-7114 FAX: 82-2-360-5588
INDUSTRY: MANUFACTURE OF OTHER DOMESTIC
ELECTRIC APPLIANCES
GS ENGINEERING & CONSTRUCTION CORP.
ADDRESS: GS YEOKJEON BLDG., 537, NAMDAEMUNNO
5-GA, JUNG-GU, SEOUL 100-722 KOREA
TEL: 82-2-728-1112~3 FAX: 82-2-728-1203,3235
INDUSTRY: APARTMENT BUILDING CONSTRUCTION
NATIONAL PLASTIC CO., LTD.
ADDRESS: 834, WONSI-DONG, DANWON-GU,
ANSAN-SI, GYEONGGI-DO 425-852 KOREA
TEL: 82-31-361-8613 FAX: 82-31-360-7501
INDUSTRY: MANUFACTURE OF PACKAGING PLASTICS AND
SHIPPING CONTAINERS
HYNIX SEMICONDUCTOR INC.
ADDRESS: SAN 136-1, AMI-RI, BUBAL-EUP,
ICHEON-SI, GYEONGGI-DO 467-866 KOREA
TEL: 82-31-630-4114 FAX: 82-31-630-4103
INDUSTRY: MANUFACTURE OF DIODES, TRANSISTORS
AND SIMILAR SEMI-CONDUCTOR DEVICES
GAON CABLE CO., LTD.
ADDRESS: 166, GEUMJEONG-DONG, GUNPO-SI,
GYEONGGI-DO 435-824 KOREA
TEL: 82-31-452-7346 FAX: 82-31-454-1916
INDUSTRY: MANUFACTURE OF INSULATED WIRE AND
CABLE, EXCEPT INSULATED CODE SETS
YOULCHON CHEMICAL CO., LTD.
ADDRESS: 4F NONGSHIM BD, 370-1, SINDAEBANG 2-DONG, DONGJAK-GU, SEOUL,
156-848 KOREA
TEL: 82-2-822-0022 FAX: 82-2-821-0956
INDUSTRY: MANUFACTURE OF PLASTIC SACKS, BAGS
AND SIMILAR PRODUCTS
SL CORPORATION
ADDRESS: 236-3, NOWONDONG 3-GA, BUK-GU, DAEGU
702-815 KOREA
TEL: 82-53-352-8511 FAX: 82-53-352-8520
INDUSTRY: MANUFACTURE OF OTHER PARTS AND
ACCESSORIES FOR MOTOR VEHICLES
DONG AH TIRE ＆ RUBBER CO.,
LTD.
ADDRESS: 90, YUSAN-DONG, YANGSAN-SI,
GYEONGNAM-DO 626-230 KOREA
TEL: 82-55-389-0011 FAX: 82-55-382-7736
INDUSTRY: MANUFACTURE OF TIRES AND TUBES
KOLON CHEMICAL CO., LTD.
ADDRESS: 10F KOLON TOWER 1-23,
BYEORYANG-DONG, GWACHEON-SI, GYEONGGI-DO 427-709 KOREA
TEL: 82-2-3677-6043 FAX: 82-2-3677-6190
INDUSTRY: MANUFACTURE OF SYNTHETIC RESIN AND
OTHER PLASTIC MATERIALS
DC CHEMICAL CO., LTD.
ADDRESS: ORIENTAL CHEMICAL IND. BLDG., 50,
SOGONG-DONG, JUNG-GU, SEOUL 100-718 KOREA
TEL: 82-2-727-9500 FAX: 82-2-757-4111
INDUSTRY: MANUFACTURE OF OTHER BASIC
INORGANIC CHEMICALS
HANIL EWHA CO., LTD.
ADDRESS: 176-3, GOCHEOK 2-DONG, GURO-GU,
SEOUL 152-831 KOREA
TEL: 82-2-2618-5231 FAX: 82-2-2618-1153
INDUSTRY: MANUFACTURE OF PARTS AND
ACCESSORIES FOR MOTOR VEHICLE BODY
HYUNDAI MOTOR COMPANY
ADDRESS: 231, YANGJAE-DONG, SEOCHO-GU, SEOUL
137-130 KOREA
TEL: 82-2-3464-1114 FAX: 82-2-3464-3469
INDUSTRY: MANUFACTURE OF PASSENGER MOTOR
VEHICLES
GM DAEWOO AUTO & TECHNOLOGY COMPANY
ADDRESS: 199-1, CHEONGCHEON-DONG,
BUPYEONG-GU, INCHEON 403-030 KOREA
TEL: 82-32-520-2114 FAX: 82-32-520-4658
INDUSTRY: MANUFACTURE OF PASSENGER MOTOR VEHICLES
CHIL SUNG POLYMER CO., LTD.
ADDRESS: 54-5, SEONGSAN-DONG, MAPO-GU, SEOUL
121-250 KOREA
TEL: 82-2-334-4604 FAX: 82-2-334-8969
INDUSTRY: MANUFACTURE OF ADHESIVES AND
GELATIN
Related Parties (Subsidiaries,
Joint-Venture & Affiliates)
|
Overseas Office |
TOKYO OFFICE ADDRESS:
HIGASHI-KAN 16F, AKASKA TWIN TOWER, 17-22, 2-CHOME, AKASAKA, MINATOKU, TOKYO,
JAPAN TEL:
81-3-3584-6545 FAX: 81-3-3224-1545 ISTANBUL
OFFICE ADDRESS:
BUYUKDERE CADDESI NUROL PLAZA NO:71 A BLOK KAT:8 MASLAK/ ISTANBUL TURKEY TEL:
90-533-667-2995 HOCHIMINH
OFFICE ADDRESS: 8TH
FLOOR, YOCO BUILDING, 41 NGUYEN THI MINH KHAI STREET, DISTRICT 1 HO CHI MINH VIETNAM TEL:
84-8-822-0409 FAX: 84-8-822-0407 NEW DELHI
LIAISON OFFICE ADDRESS: AB-3,
SAFDARJUNG ENCLAVE, NEW DELHI-110029 INDIA TEL:
91-11-2671-4001 FAX: 91-11-2671-3646 FRANKFURT
OFFICE ADDRESS:
LYONER STR 15 ATRICOM CENTER BAUTEIL C 8TH 60528 FRANKFURT GERMANY TEL:
49-69-666-5014 FAX: 49-69-666-4026 JAKARTA OFFICE ADDRESS:
JAKARTA STOCK EXCHANGE 15F, 1502 JALAN JEND. SUDIRMAN, KAV. 52-53, JAKARTA
12190 INDONESIA TEL:
6221-515-1714 FAX: 6221-515-1716 MOSCOW OFFICE ADDRESS: ROOM
#1804, OFFICE BLDG., SOVINCENTER 12, KRASNOPRESNENSKAYA NAB., MOSCOW 123610,
RUSSIA TEL:
7-095-258-2335~9 FAX: 7-095-258-2340 SINGAPORE
OFFICE ADDRESS: NO. 8
TEMASEK BOULEVARD #27-01, SUNTEC TOWER 3, SINGAPORE 038988 TEL:
65-6333-6090 FAX: 65-6333-6109 BANGKOK OFFICE
ADDRESS: 19TH
FLOOR, SERMMIT TOWER, 159 ASOKE, SUKHUMVIT 21 ROAD, BANGKOK 10110, THAILAND TEL:
66-2-665-7417 / 7418 FAX:
66-2-665-7420 |
|
Join Venture |
LG VINA
CHEMICAL JOINT VENTURE CO., LTD. ADDRESS: 8TH
FLOOR, YOCO BUILDING, 41 NGUYEN THI MINH KHAI STREET, DISTRICT 1 HO CHI MINH
VIETNAM TEL:
84-8-822-1686 FAX: 84-8-822-1685 |
|
Major Shareholders |
LG CORP. ADDRESS: LG
TWIN TOWER, 20 YOIDO-DONG, YONGDUNGPO-GU, SEOUL 150-721 KOREA TEL:
82-2-3773-2042 FAX:
82-2-3773-2100 INDUSTRY:
HOLDING COMPANIES |
|
Cooperative
Enterprise |
MERCK-GERMANY TOSHIBA-JAPAN GOODYEAR TIRE SUN ENERGY-GERMANY
(PROJECT: BIPV (BUILDING INTEGRATED PHOTOVOLTAIC)) |
Affiliates
LG ELECTRONICS INC.
ADDRESS: LG TWIN TOWER, 20 YOIDO-DONG,
YONGDUNGPO-GU, SEOUL 150-721 KOREA
TEL: 82-2-3777-1114 FAX: 82-2-3777-5338
INDUSTRY: MANUFACTURE OF OTHER DOMESTIC
ELECTRIC APPLIANCES
LG INTERNATIONAL CORP.
ADDRESS: 12 FL., LG TWIN TOWER - EAST ANNEX,
20 YOIDO-DONG, YONGDUNGPO-GU, SEOUL 150-721 KOREA
TEL: 82-2-3773-5114 FAX: 82-2-3773-5446
INDUSTRY: WHOLESALE OF NON-SPECIALIZED GOODS
DACOM CORPORATION
ADDRESS: DACOM BLDG., 706-1, YEOKSAM 2-DONG,
GANGNAM-GU, SEOUL 135-987 KOREA
TEL: 82-1544-0001 FAX: 82-2-6220-1929
INDUSTRY: LEASED LINE SERVICES
LG HOUSEHOLD ＆ HEALTH CARE
LTD.
ADDRESS: LG TWIN TOWER, 20 YOIDO-DONG,
YONGDUNGPO-GU, SEOUL 150-721 KOREA
TEL: 82-2-3773-1114 FAX: 82-2-3773-7032
INDUSTRY: MANUFACTURE OF TOOTHPASTE, SOAP AND
SYNTHETIC DETERGENTS
LG PETROCHEM. CO., LTD.
ADDRESS: 21 FL., LG TWIN TOWER - EAST ANNEX,
20 YOIDO-DONG, YONGDUNGPO-GU, SEOUL 150-721 KOREA
TEL: 82-2-3773-3829 FAX: 82-2-3773-3929
INDUSTRY: MANUFACTURE OF BASIC ORGANIC
PETROCHEMICALS
LG LIFE SCIENCES LTD.
ADDRESS: LG TWIN TOWER, 20 YOIDO-DONG,
YONGDUNGPO-GU, SEOUL 150-721 KOREA
TEL: 82-2-3773-5114 FAX: 82-2-3773-7012
INDUSTRY: MANUFACTURE OF BIOLOGICAL PRODUCTS
LG. PHILIPS LCD CO., LTD.
ADDRESS: 17 FL., LG TWIN TOWER - WEST ANNEX,
20 YOIDO-DONG, YONGDUNGPO-GU, SEOUL 150-721 KOREA
TEL: 82-2-3777-1010 FAX: 82-2-3777-0795
INDUSTRY: MANUFACTURE OF LIQUID CRYSTAL
DISPLAYS
LG TELECOM CO., LTD.
ADDRESS: 20F LG GANGNAM TOWER 679 YEOKSAM
1-DONG GANGNAM-GU, SEOUL 135-985 KOREA
TEL: 82-2-2005-7114 FAX: 82-2-2005-7337
INDUSTRY: MOBILE TELEPHONE SERVICES
LG MICRON LTD.
ADDRESS: LG MICRON, 624, GUPO-DONG, GUMI-SI,
GYEONGBUK-DO 730-713 KOREA
TEL: 82-54-475-3800 FAX: 82-54-479-0360
INDUSTRY: MANUFACTURE OF OTHER ELECTRONIC
VALVES, TUBES AND ELECTRONIC COMPONENTS N.E.C.
LG ENERGY CO., LTD.
ADDRESS: 564, BUGOK-RI, SONGAK-MYEON, DANGJIN-GUN,
CHUNGNAM-DO 343-827 KOREA
TEL: 82-41-351-2114 FAX: 82-41-351-2140
INDUSTRY: ELECTRIC POWER GENERATION
LG INNOTEK CO., LTD.
ADDRESS: 14 FI., HANSOL BLDG., 736-1, YEOKSAM
1-DONG, GANGNAM-GU, SEOUL 135-983 KOREA
TEL: 82-2-3777-1114 FAX: 82-2-2005-5492
INDUSTRY: MANUFACTURE OF OTHER ELECTRONIC
VALVES, TUBES AND ELECTRONIC COMPONENTS N.E.C.
LG CNS CO., LTD.
ADDRESS: PRIME TOWER, 10-1, HOEHYEONDONG
2-GA, JUNG-GU, SEOUL 100-725 KOREA
TEL: 82-2-6363-5000 FAX: 82-2-6363-5047
INDUSTRY: COMPUTER SYSTEM DESIGN AND
CONSULTANCY
LG SPORTS CO., LTD.
ADDRESS: JAMSIL GENERAL STADIUM, 10, JAMSIL
1-DONG, SONGPA-GU, SEOUL 138-221 KOREA
TEL: 82-2-2005-5708 FAX: 82-2-2005-5800
INDUSTRY: SPORTS TEAMS AND CLUBS
LG MANAGEMENT DEVELOPMENT INSTITUTE CO., LTD.
ADDRESS: 27 FL., LG TWIN TOWER - EAST ANNEX,
20 YOIDO-DONG, YONGDUNGPO-GU, SEOUL 150-721 KOREA
TEL: 82-2-3777-1114 FAX: 82-2-3777-0500
INDUSTRY: MANAGEMENT CONSULTANCY ACTIVITIES
SILTRON INC.
ADDRESS: 274, IMSU-DONG, GUMI-SI,
GYEONGBUK-DO 730-350 KOREA
TEL: 82-54-470-6116 FAX: 82-54-470-6618
INDUSTRY: MANUFACTURE OF DIODES, TRANSISTORS
AND SIMILAR SEMI-CONDUCTOR DEVICES
LG MMA CORP.
ADDRESS: 759, JUNGHEUNG-DONG, YEOSU-SI,
JEONNAM-DO 555-805 KOREA
TEL: 82-61-688-2500 FAX: 82-61-688-2565
INDUSTRY: MANUFACTURE OF OTHER BASIC ORGANIC
CHEMICALS N.E.C.
BUMIN MUTUAL SAVINGS BANK CORP.
ADDRESS: 32-1, DAECHEONGDONG 2-GA, JUNG-GU,
BUSAN 600-092 KOREA
TEL: 82-51-240-1800 FAX: 82-51-246-5658
INDUSTRY: CREDIT UNIONS
DACOM MULTIMEDIA INTERNET CORPORATION
ADDRESS: 22 FL., KUKJE ELECTRONICS CENTER,
1445-3, SEOCHO 1-DONG, SEOCHO-GU, SEOUL 137-728 KOREA
TEL: 82-2-2086-0500 FAX: 82-2-2086-0606
INDUSTRY: OTHER SOFTWARE CONSULTANCY AND
SUPPLY
KOREA INTERNET DATA CENTER INC.
ADDRESS: KIDC BLDG., 261-1, NONHYEON 2-DONG,
GANGNAM-GU, SEOUL 135-832 KOREA
TEL: 82-2-6440-2900 FAX: 82-2-6440-2909
INDUSTRY: COMPUTER FACILITIES MANAGEMENT
SERVICES
DACOM CROSSING CORPORATION
ADDRESS: 4 FL., DAERIM BLDG., 1600-3, SEOCHO
3-DONG, SEOCHO-GU, SEOUL 137-876 KOREA
TEL: 82-505-888-9100 FAX: 82-505-888-9111
INDUSTRY: LEASED LINE SERVICES
KONJIAM LEISURE CO., LTD.
ADDRESS: SAN 41, DOUNG-RI, DOCHEOK-MYEON,
GWANGJU-SI, GYEONGGI-DO 464-881 KOREA
TEL: 82-31-760-3500 FAX: 82-31-763-2268
INDUSTRY: GOLF COURSE OPERATION
SERVEONE CO., LTD.
ADDRESS: 35 FL., LG TWIN TOWER - EAST ANNEX,
20 YOIDO-DONG, YONGDUNGPO-GU, SEOUL 150-721 KOREA
TEL: 82-2-3773-1384 FAX: 82-2-3773-1199
INDUSTRY: ELECTRONIC COMMERCE VIA INTERNET
LG N SYS. CO., LTD.
ADDRESS: 5 FL., LG MAPO BLDG., 275, GONGDEOK
2-DONG, MAPO-GU, SEOUL 121-721 KOREA
TEL: 82-2-705-3001 FAX: 82-2-705-3004
INDUSTRY: OTHER SOFTWARE CONSULTANCY AND
SUPPLY
HI PLAZA CO., LTD.
ADDRESS: 4 FL. LG GANGSEO BD 36, MULLAE-DONG
6-GA, YONGDUNGPO-GU, SEOUL 150-096 KOREA
TEL: 82-2-2164-1000 FAX: 82-2-2164-0719
INDUSTRY: RETAIL SALE OF ELECTRICAL HOUSEHOLD
APPLIANCES
POWERCOMM INC.
ADDRESS: 10FL., SINDEOK BLDG., 1329-7, SEOCHO
2-DONG, SEOCHO-GU, SEOUL 137-858 KOREA
TEL: 82-2-2086-5235 FAX: 82-2-2086-5229
INDUSTRY: LEASED LINE SERVICES
HI BUSINESS LOGISTICS
ADDRESS: 4F GS GANGSEO BD 36, MULLAEDONG
6-GA, YONGDUNGPO-GU, SEOUL 150-096 KOREA
TEL: 82-2-2163-5518 FAX: 82-2-2163-5566
INDUSTRY: FREIGHT TRANSPORT ARRANGEMENT
V-ENS CO., LTD.
ADDRESS: 236-1, HYOSEONG 2-DONG, GYEYANG-GU,
INCHEON 407-830 KOREA
TEL: 82-32-540-5500 FAX: 82-32-540-5050
INDUSTRY: OTHER ENGINEERING SERVICES
LUSEM CO., LTD.
ADDRESS: 23B-5L, GUMI 4-DANJI, GUPO-DONG,
GUMI-SI, GYEONGBUK-DO 730-400 KOREA
TEL: 82-54-470-0900 FAX: 82-54-470-0901
INDUSTRY: MANUFACTURE OF ELECTRONIC
INTEGRATED CIRCUITS
CSLEADER CO., LTD.
ADDRESS: 267-14, NONHYEON 2-DONG, GANGNAM-GU,
SEOUL 135-833 KOREA
TEL: 82-2-3416-7073 FAX: 82-2-3416-7272
INDUSTRY: TELEMARKETING AND TELEPHONE CALL
CENTERS
INTERNATIONAL TELE DREAM CO., LTD.
ADDRESS: 5F, LG TELECOM BLDG., 165-10,
GAMJEON 1-DONG, SASANG-GU, BUSAN 617-804 KOREA
TEL: 82-51-319-7516 FAX: 82-51-319-7272
INDUSTRY: TELEMARKETING AND TELEPHONE CALL
CENTERS
TECAS CO., LTD.
ADDRESS: 6FL., LG TELECOM BLDG., 35-1,
GWANGCHEON-DONG, SEO-GU, GWANGJU 502-800 KOREA
TEL: 82-62-601-7210 FAX: 82-62-601-7272
INDUSTRY: TELEMARKETING AND TELEPHONE CALL
CENTERS
Overseas
LG INNOTEK HUIZHOU
CO.,LTD
SERVEONE(NANJING)
COMPANY LIMITED
ARCELIC-LG KLIMA
SANAYI VE TICARTE A.S(LGEAT)
BEIJING LG
HOUSEHOLD CHEMICAL CO., LTD.
COMPACT POWER INC.
DACOM AMERICA INC.
DE ZWARTE PONK
B.V.(DZP)
EIC PROPERTIES
PTE.LTD.
ELECTROMAGNETICA
GOLDSTAR S.R.L
EPC MUNAI LLP
FOSCO B.V.
GFTZ LG
INTERNATIONAL LTD.
GLOBAL PROFESSIONAL
SOURCING CO., LTD.
GOLDSTAR
ELECTRONICS THAILAND CO.,LTD.
HANGZHOU LG
COSMETICS CO., LTD.
HI LOGISTICS CHINA
HI LOGISTICS EUROPE
B.V.
LANCHAO
LG(YANTAI)DIGITAL MOBILE TECH& DEVELOP.CO.
LANGCHAO LG DIGITAL
MOBILE COMMUNICATION CO.LTD.
LG (TIMOR SEA
06-102) LTD
LG (YANTAI)
INFORMATION & COMMUNICATION TECH.
LG ALINA
ELECTONICS(LGERI)
LG BIOMEDICAL
INSTITUTE
LG CHEM BRASIL
INTERMEDICAO DE NEGOCIOS DO SETOR QUIMICO LTDA.
LG CHEM DISPLAY
MATERIAL CO., LTD
LG CHEM EUROPE GMBH
LG CHEM EUROPE SARL
LG CHEM INDUSTRIAL
MATERIALS INC.
LG CHEM POLAND SP.
Z O. O.
LG CHEM TAIWAN,
LTD.
LG
CHEM(CHINA)INVESTMENT CO.,LTD.
LG CHEM(NANJING)
INFO & ELECTRONIC MATERIALS CO. LTD
LG CHEM(TIANJIN)
ENGINEERING PLASTICS CO., LTD
LG CHEMICAL AMERICA
INC.
LG CHEMICAL HONG
KONG LTD.
LG CHEMICAL INDIA
PRIVATE LTD.
LG CHEMICAL TRADING
CO., LTD
LG
CHEMICAL(GUANGZHOU) ENGINEERING PLASTICS CO.,LTD
LG CNS AMERICA, INC
LG CNS BRASIL
SERVICOS DE T.I.LTDA
LG CNS CHINA, INC
LG CNS EUROPE B.V
LG CNS GLOBAL
PRIVATE LIMITED
LG CNS JAPAN, INC
LG CNS PHILIPINES,
INC
LG ELCTRONICS
NORWAY AS
LG ELECTONICS
HUIZHOU LTD.
LG ELECTRONICS
(KUNSHAN) COMPUTER CO., LTD.
LG ELECTRONICS
(NANJING) PLASMA CO., LTD
LG ELECTRONICS
(SHENYANG) INC.(LGESY)
LG ELECTRONICS
AFRICA LOGISTICS FZE
LG ELECTRONICS
ALAMABA, INC. (LGEAI)
LG ELECTRONICS
ALMATY KAZAK CO., LTD.(LGEAK)
LG ELECTRONICS
ANTWERP LOGISTICS N.V(LGEAL)
LG ELECTRONICS
ARGENTINA S.A.(LGEAR)
LG ELECTRONICS
AUSTRALIA PTY., LTD. (LGEAP)
LG ELECTRONICS
AUSTRIA GMBH
LG ELECTRONICS
BENELUX SALES B.V.
LG ELECTRONICS
CANADA,INC. (LGECI)
LG ELECTRONICS
CHINA CO., LTD. (LGECH)
LG ELECTRONICS
COLOMBIA, LTDA.(LGECB)
LG ELECTRONICS
CZECH S.R.O.
LG ELECTRONICS DA
AMAZONIA LTDA (LGEAZ)
LG ELECTRONICS DE
SAO PAULO LTDA. (LGESP)
LG ELECTRONICS DEUTSCHLAND.GMBH.
(LGEDG)
LG ELECTRONICS
EGYPT CARIO S.A.E (LGEEC)
LG ELECTRONICS
EGYPT S.A.E. (LGEEG)
LG ELECTRONICS
ESPANA S.A. (LGEES)
LG ELECTRONICS
EUROPEAN HOLDINGS B.V.
LG ELECTRONICS
EUROPEAN LOGISTICS & SERVICES B.V.
LG ELECTRONICS
EUROPEAN SHARED SERVICE CENTER B.V.
LG ELECTRONICS
FRANCE S.A.R.L.
LG ELECTRONICS GULF
FZE (LGEGF)
LG ELECTRONICS
HELLAS S.A
LG ELECTRONICS HK
LTD.(LGEHK)
LG ELECTRONICS INC.
CHILE LIMITADA
LG ELECTRONICS
INDIA (PVT.) LTD. (LGEIL)
LG ELECTRONICS
ITALY S.P.A. (LGEIS)
LG ELECTRONICS
JAPAN INC. (LGEJP)
LG ELECTRONICS JIT
EUROPE B.V
LG ELECTRONICS
LATVIA LLC
LG ELECTRONICS
MAGYAR KFT. (LGEMK)
LG ELECTRONICS
MALAYSIA SDN. BHD.(LGEML)
LG ELECTRONICS
MEXICALI, S. A. DE C. V. (LGEMX)
LG ELECTRONICS
MEXICO S.A. DE C.V (LGEMS)
LG ELECTRONICS
MIDDLE EAST CO., LTD.
LG ELECTRONICS
MLAWA SP.ZO.O (LGEMA)
LG ELECTRONICS
MOBILE RESEARCH U.S.A. LLC (LGEMR)
LG ELECTRONICS
MOBILECOMM FRANCE S.A.S
LG ELECTRONICS
MOBLECOMM U.S.A., INC.(LGEMU)
LG ELECTRONICS
MONTERREY MEXICO S.A. DE C.V.
LG ELECTRONICS
MOROCCO SARL(LGEMC)
LG ELECTRONICS
NANJING DISPLAY CO.,LTD
LG ELECTRONICS
NATURE(HANGZHOU) RECORDING MEDIA CO., LTD
LG ELECTRONICS
NIGERIA LIMITED(LGENI)
LG ELECTRONICS
NORDIC AB
LG ELECTRONICS
OVERSEAS TRADING FZE
LG ELECTRONICS
PANAMA S.A. (LGEPS)
LG ELECTRONICS PERU
S.A. (LGEPR)
LG ELECTRONICS
PHILIPPINES, INC. (LGEPH)
LG ELECTRONICS
POLSKA SP.ZO.O (LGEPL)
LG ELECTRONICS
PORTUGAL S.A.
LG ELECTRONICS
QINHUANGDAO CO.,LTD(LGEQH)
LG ELECTRONICS
RAYNOSA, S.A.DE C.V(LGERS)
LG ELECTRONICS
ROMANIA S.R.L
LG ELECTRONICS
RUS.LLC
LG ELECTRONICS
RUS-MARKETING, LLC
LG ELECTRONICS
S.A.(PTY) LTD. (LGESA)
LG ELECTRONICS
SINGAPORE PTE LTD
LG ELECTRONICS
TAIWAN TAIPEI CO., LTD.
LG ELECTRONICS
THAILAND CO.,LTD.(LGETH)
LG ELECTRONICS
TIANJIN APPLIANCES CO., LTD.
LG ELECTRONICS
UKLAINE
LG ELECTRONICS
UNITED KINGDOM LTD. (LGEUK)
LG ELECTRONICS USA
INC. (LGEUS)
LG ELECTRONICS
VIETNAM LTD. (LGESV)
LG ELECTRONICS
WALES LTD. (LGEWA)
LG ELECTRONICS
WROCLAW SP. ZO.O
LG ELECTRONICS(CHINA)
RESEARCH AND DEVELOPMENT CENTER CO., LTD
LG H&H
TRADING(SHANGHAI) CO.LTD.
LG HOLDINGS LTD.
(LGHK)
LG HOUSEHOLD &
HEALTH CARE AMERICA, INC
LG INNOTEK MEXICALI
S.A. DE C.V
LG INNOTEK POLAND
SP. ZO.O.
LG INNOTEK USA INC.
LG INNOTEK YANTAI CO.,
LTD
LG INTERNATIONAL
AMERICA INC.
LG INTERNATIONAL
CORP.(SINGAPORE) PTE. LTD.
LG INTERNATIONAL
JAPAN LTD.
LG
INTERNATIONAL(AUSTRALIA) PT'S, LTD.
LG
INTERNATIONAL(DEUTCHLAND) GMBH
LG
INTERNATIONAL(HK) LIMITED
LG
INTERNATIONAL(U.K.) LTD.
LG LIFE SCIENCES
INDIA PVT,LTD
LG LIFE SCIENCES
POLAND, LTD
LG MICRON(FUJIAN)
ELECTRONICS CO.,LTD
LG MICRON(TAIWAN)
LTD.
LG MITR ELECTRONICS
CO., LTD. (LGEMT)
LG PHILIPS LCD
AMERICA INC.
LG PHILIPS LCD
GERMANY GMBH
LG PHILIPS LCD
HONGKONG CO.,LTD
LG PHILIPS LCD
JAPAN CO.LTD.
LG PHILIPS LCD
NANJING CO. LTD
LG PHILIPS LCD
SHENZHEN CO., LTD.
LG PHILIPS LCD
TAIWAN CO. LTD. (LGPLT)
LG PROPERTIES PTE.
LTD.
LG SOFT INDIA PVT
LTD.(LGSI)
LG SOLID SOURCE,
LLC
LG VINA CHEMICAL
J/V COMPANY
LG VINA COSMETICS
LG.PHILIPS LCD GUANGZHOU
CO., LTD.(LPLGZ)
LG.PHILIPS LCD
POLAND SP. Z O.O.
LG.PHILIPS LCD
SHANGHAI CO., LTD.
LG-SHAKER CO.,LTD
NAKHODKA FEZ
TELECOMMUNICATIONS CO.LTD.(ROKOTEL)
NANJING LG
INTERNATIONAL VMI LTD.CO.
NANJING LG PANDA
APPLIANCES CO., LTD. (LGEPN)
NINGBO LG YONGXING
CHEMICAL CO., LTD.
NINGBO LG YONGXING
LATEX CO., LTD.
PHILCO RESOURCES
LIMITED
PT LG CNS INDONESIA
PT LG ELECTRONICS
INDONESIA (LGEIN)
PT. LG INNOTEK
INDONESIA
QINGDAO LG LANCHAO
DIGITAL COMMUNICATION CO., LTD.
SHANGHAI LG
ELECTRONICS CO., LTD. (LGESH)
SILTRON AMERICA,
INC.
TAIZHOU LG
ELECTRONIC REFRIGERATION CO.LTD(LGETR)
TIANJIN LG BOHAI
CHEMICL CO.,LTD.
TIANJIN LG DAGU
CHEMICAL CO., LTD.
TIANJIN LG NEW
BUILDING MATERIALS CO., LTD.
TRIVENI DIGITAL
INC.
V-ENS(M) SDN. BHD.
ZENITH ELECTRONICS
CO. (ZENITH)
Sales by
Region (Activity &
Markets)
|
Sales/ Unit :Mil KRW |
2007 |
2006 |
2005 |
|
Export |
6,610,598 |
5,474,662 |
4,266,411 |
|
Domestic |
4,184,722 |
3,805,492 |
3,158,694 |
|
Total |
10,795,320 |
9,280,154 |
7,425,104 |
Court Action
There are 5 cases filed as Plaintiff(s)/ Creditor(s)/ Applicant(s) amounting 863,000,000 KRW and 4 cases filed as Plaintiff(s)/ Creditor(s)/ Applicant(s) amounting 1,620,000,000 KRW, and 13 cases filed as Defendant(s)/
Debtor(s)/ Respondent(s) amounting 1,149,000,000
KRW and 13 cases filed as Defendant(s)/ Debtor(s)/ Respondent(s) amounting 2,823,000,000 KRW.
News
Clipping
LG Chem says fire cost it million
JoongangIlbo & Joins.com:03/05/2008
A fire at a plant owned by Korea’s biggest chemicals
maker, LG Chem, will cause more than $84 million in production losses, the
company said yesterday.
The blaze was brought under control four
hours after it broke out Monday night at the plant at Ochang, 110 kilometers
(66 miles) south of Seoul.
The company said in a statement that
production losses are estimated at 80 billion won (84.4 million dollars) or
0.73 percent of its sales last year.
It will take at least two months to
normalize plant operations, it said.
The factory produces polarizing plates and
secondary batteries.
Eleven workers were rescued by firefighters
and hospitalized after inhaling toxic gases.
AFP
- Copyrights ⓒ JoongangIlbo &
Joins.com, All rights reserved. –
LG Chem in line to lead hybrid battery
market
JoongangIlbo & Joins.com:12/17/2007
LG Chem, Korea’s largest chemical company,
is expected to provide lithium polymer batteries for Korea’s first hybrid car.
It will allow the firm to take a foothold in
the lithium polymer battery market, which is rapidly growing amid rising
production of environmentally friendly hybrid vehicles.
LG Chem said yesterday it became an
exclusive supplier of lithium polymer batteries for the Avante hybrid currently
being developed by Hyundai Kia Automotive Group.
The car is to hit local markets in late
2009.
A hybrid electronic car combines a
conventional auto propulsion system with an onboard rechargeable energy storage
system, giving it better fuel efficiency than vehicles that run on gasoline or
diesel.
The hybrid automobiles are also thought to
reduce tailpipe emissions and improve gas mileage.
Lithium polymer batteries, used as a source
of power for such vehicles, have an over 50-percent higher output than the
nickel metal hydride batteries commonly used in existing hybrid vehicles.
Now Japanese carmakers, leaders in the
global hybrid auto market, are increasingly switching to lithium polymer
batteries.
Industry giant Toyota Motor Corporation also
announced a plan to produce a hybrid car equipped with such batteries.
“We will use the opportunity to narrow
technological gaps with Japan, the powerhouse in the global car battery
markets,” Kim Bahn-suk, chief executive of LG Chem, said in a statement.
Sales of hybrid cars amount to only about
0.6 percent of the global car market but prospects are bright amid rising oil
prices and increasingly tough environmental regulations, the firm said.
LG Chem said it plans to post global sales
of 300 billion won ($322.5 million) in the global lithium polymer battery market,
which is estimated to reach 1.4 trillion won by 2012.
In 2004, the company won an order to develop
lithium polymer batteries for a consortium of automakers including General
Motors, Ford Motor and DaimlerChrysler AG and is currently developing the batteries
for them.
By Jung Ha-won Staff Reporter
[hawon@joongang.co.kr] - Copyrights ⓒ JoongangIlbo & Joins.com, All
rights reserved. -
LG Chem launches luxury interior goods
Korea Herald: 11/06/2007
LG Chem Ltd. said yesterday it launched a
new high-end lineup of home interior materials, aiming to tap the fast-growing
luxury demand in the local market.
The nation`s largest chemical maker
yesterday opened a showroom for the newly developed `DSQAURE` brand yesterday.
The brand targets high-income local consumers,
according to the company. The company plans to triple revenue from the luxury
lineup to 100 billion won ($110 million) by 2010, accounting for about a
quarter of the local market.
(kkt@heraldm.com)
LG Chem to Root Out Unethical Business Practices
KOREA TIMES:09-22-2006
By Park Hyong-ki/Staff Reporter
Kim Bahn-suk, right, CEO of LG Chem, listens to a lecture on corporate
governance by the Fair Trade Commission at the company's institute in Osan,
Kyonggi Province, Thursday.
/Courtesy of LG Chem
LG Chem, Korea’s biggest chemicals producer, said it will not tolerate
executives and employees engaged in unethical and illegal business activities,
as part of its efforts to strengthen transparency in management and improve
corporate governance.
At an in-house leadership workshop held at the LG Chem institute in
Osan, Kyonggi Province from Wednesday-Thursday, the company’s CEO Kim Bahn-suk
urged his staff not to get trapped by temptation that would lead them to
practice business unfairly.
``The nation’s economy and chemicals market are going through hard
times, casting a shadow over management,’’ said Kim. ``Mindful of this, some of
the far-sighted managers may be lured into operating their businesses
unethically as a means necessary to reach the company’s projected goals.’’
The chief executive said this was the wrong approach. In times of
hardship, the company needs to put extra efforts into reforming the management
system and expanding in-house education for staff on how to run an ethical
business, Kim said.
Some 110 LG Chem employees and executives both from home and abroad
attended the two-day lecture on ways to strengthen the company’s management and
corporate governance.
``Anyone who gets caught in business irregularities that range from illegal
financial transactions with subcontractors to swindling customers will be
penalized,’’ said a spokeswoman at LG Chem. ``The company will either fire that
person or freeze his or her managerial rights for a certain period, depending
on the seriousness of the matter.’’
Also at the leadership program, the CEO noted that a company that
achieves its target goals by practicing business honestly is truly the winner
in today’s red-hot competition.
``Although our management has moved ahead of others in practicing
friendly business [in Korea], we must push further to become one of the world’s
top-tier chemicals company like BASF and Dow Chemical that have a high-level of
corporate governance and management.’’
LG Chem has been giving lectures on ``Righteous Management’’ over 40
times a year for its staff and business partners since 2003 when it established
an ethics department.
Newspaper: The Korea Times
Subject: LG Devises Safe Way of
Producing Special Fabrics
Date: 29-Nov-2005
LG Chem., Korea’s largest chemical company, has developed an
environmentally-friendly way of mass-producing terephthalaldehyde (TPAL), an
important ingredient for special fabrics such as bulletproof vests, flame
retardant clothes and space suits.
Overall, LG Chem has already applied for several patents and is
currently waiting for approvals from the United States, Japan, Germany and nine
other countries, the company said Tuesday. The company plans to sell its
technology license and start production by 2008.
TPAL is an organic synthesis intermediate material for dyestuffs,
pharmaceuticals, specialty polymers, and electronic materials. It is now mostly
used to produce fluorescent whitening agents.
The existing TPAL production process is harmful to the environment as it
uses chlorine as a reactant and emits hydrochloric acid as a by-product.
Another problem with the process is that it is not cost effective enough to
mass-produce. Currently, China and India are major producers.
LG Chem’s new manufacturing process resolved these problems by using air
instead of chlorine, thus making the process environment-friendly. Furthermore,
LG Chem lowered production costs by implementing its own high performance
catalyst and optimized the overall production process.
``The new process holds great significance as it is both
environment-friendly and cost effective,’’ said Yeo Jong-kee, president of LG
Chem.
The company’s ability to mass-produce, could cut the price of TPAL down
to more than half of its current price, broadening its usage and opening a
wider market for the product.
LG Chem is the flagship leader in the chemical business in terms of both
size and performance. It is a vertically integrated chemical company that
manufactures a wide range of products from petrochemical goods to high-value
added plastics and high performance industrial materials.
It also extends its chemical expertise to high-tech materials for
electronics and information technology such as cutting-edge rechargeable batteries
and display materials.
Newspaper: The Korea Times
Subject: Methanol Powers
Portable Fuel Cell for Notebook PCs
Date: 28-Sep-2005
LG Chem, South Korea’s No.1 chemical company, has developed the world’s most
efficient portable fuel cell that can power a notebook PC for longer than 10
hours.
The company Wednesday took the wraps off the futuristic fuel cells that
use methanol and announced it will commercialize the product by late this year.
``This is a kind of miniature electric generator aimed at providing
electricity for those who frequently use notebook PCs or power-hungry info-tech
devices on the move,’’ LG Chem spokesman Kim Dong-joo said.
A fuel cell is a mechanism for transforming chemical energy such as
hydrogen and methanol into electricity. Unlike batteries that require
recharging, a fuel cell can produce electricity as long as it has fuel.
A cartridge containing methanol provides fuel, which combines with
oxygen to generate electricity. The cartridge can be replaced after the
methanol runs out.
Kim added the newfangled fuel cell boasts a durability of over 4,000
hours, about eight times longer than the norm, and each cartridge would run a
notebook PC for up to 10 hours.
``People will also be able to recharge their handset batteries with fuel
cells as they now do at home or in the office with power plugs. One cartridge
would allow them to recharge a cell phone hundreds of times,’’ Kim said.
At a size of 17.2 centimeters by 10.6 centimeters, the fuel cell is 5.4
centimeters thick and weighs 1.5 kilometers, a little too big to carry.
``We will halve the size and weight of the product before its commercial
launch late this year while doubling the amount of electricity it can generate.
A fuel cell will retail at about 500,000 won and a cartridge would sell for
thousands of won,’’ Lee said.
LG Chem’s chief technology officer Yeo Jong-kee expects the market for
fuel cells will open up soon, thus enhancing the company’s footing.
``Our fuel cell, which has durability and reliability, provides us a
great opportunity to outpace competitors and to gain a strong presence in the
global market,’’ Lee said.
``Once the global codes and standards for portable fuel cells are
prepared this year, we will start commercialization by meeting growing demands
in such areas as laptops, mobile handsets and portable electronic devices for
the military.’’
Lee expects the global demand for portable fuel cells will expand 28.3
percent each year for the next five years from $600 million next year to $1.9
billion in 2010.
Newspaper: The Korea Times
Subject: LG, LS, GS to Compete
in Rechargeable Battery Market
Date: 06-Jun-2005
The LG Group and its sibling business groups are poised to clash in the rechargeable
battery market.
Last year, the LG Group said it would split up the nation’s
second-largest business group.
Back then, the chaebol affirmed that the demerger is aimed at better
catering to customer needs and accommodating the various production focus
requirements through a diverse business portfolio. It also said that the
business scope of the three entities would not overlap.
However, apart from the affirmation made a year ago, the three groups
are forecast to draw bead on one another in the rechargeable battery and fuel
cell markets. The three-cornered competition is just around the corner.
With long-lasting fuel cells, an alternative to existing lithium-ion
batteries that have recycling and degradation problems, electronic and information
device users need not go through the annoyances of recharging computers and
power cables that physically restrict their mobility.
The GS Group and the LS Group have recently announced their plans to
either initiate or strengthen the rechargeable battery business, turning back
on LG Chem, which they used to subsist under one roof.
The two business groups hitherto have restrained themselves from
encroaching upon business areas in which their former siblings have been
engaged.
Nevertheless, attracted by the enormous growth potential of the
rechargeable battery and next-generation electronic material business, the two
demerged business groups have broken the taboo of averting a competition that
eat away market share of former sister companies.
GS Caltex, formerly LG-Caltex Oil Corp., recently changed the name of
its fuel cell subsidiary Clean Energy Technologies, Inc. (CETI) to GS Fuel Cell
under a scheme to strengthen its fuel cell business and foster the business
into a next-generation growth engine.
``As our fuel cell business focuses on the household-use appliances at
the moment, we are unlikely to compete directly with LG Chem at the moment,’’
said GS Fuel Cell chief executive Bae Jun-gang.
GS Fuel Cell plans to focus on household-use fuel cells in the
short-term but expand its reach to notebook and portable electronic and
communication device fuel cell segments in the long-term.
``But there’s also no reason for us to keep avoid direct competition against
LG Chem in the fuel cell market segment for portable devices,’’ he added.
CETI was a fuel cell joint venture set up by LG-Caltex and
Florida-headquartered Dais Analytic Corp. back in October 2000.
The LS Group also unveiled an ambitious plan to concentrate its
resources on developing the rechargeable battery related material business into
its key cash cow.
The mid-sized conglomerate, which produces telecom cables and related
components, power and control cables, electronic parts, copper wire rod and
industrial machinery, has mapped out a long-term blueprint to grow into a
leading parts and material supplier by 2012, having rechargeable battery
material as a pillar business.
The LS Group targets 15 billion won in sales in the high-end copper foil
and copper clad laminate business, including those for rechargeable batteries.
``LG Chem is an important business partner and a key client as witnessed
in our joint development of rechargeable battery-use anode cathode active
material,’’ LS Cable senior vice president Choi Myung-gyu said.
``But we (LS Cable and LG Chem) will still carry on with our independent
project to develop an anode cathode active material of our own by the end of
this year as planned,’’ Choi said.
LG Chem, Korea’s No. 1 producer of rechargeable batteries, plans to roll
out the portable-use fuel cell product in the latter half of the year, adding
it to its previous strong product line ups of lithium-ion and lithium-polymer
batteries. The chemicals firm plans to roll out portable fuel cells and those
for notebook PCs in the second half of this year.
The company also began developing substances for rechargeable batteries
such as anode active materials.
``As cost is the most important element for raising competitiveness in
the rechargeable battery market, we will develop substances such as cathode
anode active material and electrolyte’’ said a manager at LG Chem.
Since 2003, LG Chem has been beefing up its production of rechargeable
lithium-ion batteries and polarizers mostly used in mobile devices. The company
seeks to become the top supplier of polarizers as to put it on a par with Sanyo
Electric of Japan for leadership in rechargeable batteries.
In longer term, LG Chem also wants to be a crucial player in fuel cells
and solar cells.
LG Chem is determined to leapfrog its global rivals. By 2010, LG expects
to pour $1 billion into a plant at Ochang, south of Seoul, for next-generation
batteries and other new gadgets.
LG Chem still has a big advantage against its two former sibling
companies: its tie to LG Electronics. LG Electronics is world’s No. 5 mobile
handset maker and global top-tier supplier of a handful of other portable
electronics gizmos.
As long-term rechargeable battery business plans of the subsidiaries of
the three conglomerates suggest, LG Chem and GS Fuel Cell are forecast to
compete in the fuel cell market and LG Chem and LS Cable in the battery
material market.
Newspaper: The Korea Times
Subject: LG Group Strengthens
Environment Management
Date: 05-Jun-2005
LG Group is strengthening its eco-friendly management with an aim to
become a top-tier multinational corporation.
South Korea’s third-largest conglomerate said yesterday that it has
decided environmental management will be a key component of success in future.
With Environment Day tomorrow, LG Group said it would devise and
customize environmental management systems for each of its affiliate firms and
subsidiaries and work to develop eco-friendly electronic products.
As part of attempts to strengthen environmental management, LG
Electronics will remove all hazardous heavy elements from all electronic
modules and products and LG Chem will launch pollutant-free production at its
plants.
LG Evergreen Foundation will also reinforce its public environmental
campaigns.
LG Electronics plans to expand the lead-free soldering manufacturing
system, which was applied to a limited number of items including liquid crystal
display (LCD) televisions, washing machines and air conditioners since 2003, to
entire products starting July this year.
LG Group’s drive to strengthen its environmental management follows a
worldwide implementation of tightened industrial environmental regulations due
to the Kyoto Protocol that took effect on Feb. 16.
The RoHS, which stands for the restriction of the use of certain
hazardous substances in electrical and electronic equipment, will be enforced
by the European Union July next year. With the launch of the RoHS rules, the EU
will ban the sale of electronics goods that contain hazardous substances.
A total of six substances will be restricted under the RoHS directive:
four metal substances namely lead (Pb), mercury (Hg), cadmium (Cd), and
hexavalent chromium (Cr VI) and two groups of organic flame retardants, PBB
(polybrominated biphenyls) and PBDE (polybrominated diphenyl ethers).
RoHS is aimed at reducing waste management problems linked to substances
that are likely to pose health and environmental risks.
In preparation for the strengthened environmental regulations, LG
Electronics plans to produce all products in accordance with the RoHS
regulations starting next month.
LG.Philips LCD has also removed all hazardous materials from its LCD
products.
LG Chem has mapped out an environmental management goal for 2006 to
reduce energy consumption levels by 18 percent, waste water by 50 percent and
waste matter by 40 percent from 2001 levels.
Moreover, the chemicals firm will organize a task force to cope with the
Kyoto climatic protocol. It is also conducting research on improving production
processes such as replacing raw materials and filtering pollutants from
wastewater to reduce polluting discharges by its plants.
Last year, LG Chem familiarized itself with eco-friendly building
materials that are free of formaldehyde, a well-known health risk because it
pollutes air inside buildings.
LG Evergreen Foundation also plans to strengthen its forestation
business this year.
Newspaper: The Korea Times
Subject: LG Chem's Profit Falls
22.6%
Date: 01-May-2005
LG Chem, the nation’s largest chemical company, saw its net profit fall
22.6 percent in the first quarter this year from the same period last year as
higher crude oil prices and a stronger won against the dollar worsened its
business bottom line.
LG’s profits came to 118 billion won ($118 million) for the first three
months ending in March, down from 152 billion won a year ago, the company said
in a statement on Friday.
Operating profit also dropped 16.4 percent from a year ago to 141
billion won but sales rose 16.1 percent to 1.86 trillion won.
Newspaper: The Korea Times
Subject: LG Chem Speeds Up
Globalization
Date: 03-Apr-2005
Top management of LG Chem, the nation’s largest chemical company, has
said the company will continue its strategy of globalizing businesses and
manpower.
``The company has firmed up efforts to become a global player under our
`hybrid strategy’ over the past few years,” LG Chem president No Ki-ho said in a
press conference held at the Westin Chosun Hotel last Friday.
``The two-pronged strategy is to relocate products that have lost
competitiveness overseas, while retaining products with growth potential in the
local market.
``Overseas expansion is critical for the company’s growth. First of all,
the local market is saturated. Secondly, the overseas production of certain
products is cost effective in various aspects, including labor, tariffs and
logistics cost, compared with the domestic production.’’
In particular, Korea’s labor cost for the production of some chemical
products is higher than that in advanced nations like the U.S., he said. LG
Chem will open an acrylic solid surface factory in the U.S. this year.
LG Chem’s globalization initiative yielded results in terms of overseas
sales. In 2004, overseas sales as a percentage of the total reached 46 percent
and the company aims to raise that to 50 percent this year and to 57 percent by
2008.
The chemical firm now has a presence in China, India, the U.S. and
Germany.
China is the key for the chemical firm’s overseas businesses, taking
half its overseas sales.
The company is also concentrating on research and development (R&D)
to raise its product competitiveness as a global chemical giant.
No said LG Chem plans to increase R&D investments by 30 percent to
250 billion won this year.
Investment in people will also be expanded to cultivate a globalized
workforce. No and other executives also went to the U.S. in person last month
to hunt for overseas talent.
``Overseas talent tends to be better than domestic for language
capability. I believe language skills are essential for a global company,’’ No
said.
LG Chem plans to expand the high-tech part of its business portfolio,
such as information and electronic material, No added.
Currently, as a percentage of total sales, petrochemical takes 55
percent, industrial material and information 30 percent and electronic
materials businesses 15 percent.
``Our company aims to raise the proportion of sales from the information
and electric materials business to 26 percent by 2010,’’ No said.
The nation’s chemical giant posted a record high of 7.12 trillion won in
sales last year, a 26 percent increase over 2003. Operating profit increased 9
percent to 522 billion won.
It expects to achieve 7.48 trillion in sales this year, a 5 percent
increase over 2004.
Newspaper: The Korea Times
Subject: LG Chem Sets Up Fuel
Cell R&D Center in Korea University
Date: 09-Mar-2005
LG, the nation’s largest chemical company, has set up a fuel cell
research and development center in Korea University, Seoul.
It is the first lab based in the university and will play a
central role in the corporate-university cooperation of LG Chem, the company
said.
The center’s 80 research pools will focus on developing clean energy
technology, including fuel cells, in addition to further study on
next-generation display materials.
Newspaper: The Korea Times
Subject: LG Chem to Raise $30
Mil.
Date: 04-Mar-2005
LG Chem Ltd, the nation’s largest chemical company, said it plans to
raise $30 million by issuing euro-denominated debts.
It will use the proceeds from the sale of three-year debts as operating
capital, the company said in a regulatory filing.
The debts will carry an interest rate of the six-month London Interbank
Offered Rate plus 0.6 percentage point.
LG Chem's net profit reached 536.4 billion won last year, up 48 percent
from the previous year.
Newspaper: The Korea Times
Subject: LG Chem to Expand
Overseas Sales
Date: 10-Feb-2005
LG Chem, the nation’s largest chemical company, said it has set its
overseas sales target, including exports and sales from its operations in other
countries, at $4.5 billion for this year, up from $3.4 billion last year.
Sales from exports and overseas operations will take up more than half
of its domestic and overseas sales this year, the company said.
LG Chem aims to raise sales from exports and overseas operation to as
high as $7.4 billion by 2008.
To attain this goal, the chemical unit of LG Group will strengthen its
overseas marketing and production activities in China and other nations.
In China, it will integrate marketing activities of its units into its
Chinese holding firm, solidify its dominance in various petrochemical goods and
diversify its businesses into electronics materials and construction parts.
China-related sales, including exports to China and sales
from its Chinese operations, are expected to rise 22 percent year-on-year to
$2.89 billion this year, it said.
Newspaper: The Korea Times
Subject: LG Chem Posts 48.1%
Rise in Net Profit
Date: 31-Jan-2005
LG Chem said Monday that its net profits surged 48.1 percent last year
from a year ago, helped by rising exports.
The bottom line came to an estimated 536.4 billion won ($521.9 million),
the chemical maker said in a preliminary filing with the Korea Stock Exchange.
Sales rose 25.6 percent to 7.13 trillion won, with operating profit climbing
9.1 percent to 522.9 billion won.
LG Chem said it is targeting 7.48 trillion won in sales and 714.5
billion won in investment for 2005.
The company added that it will focus on information and electronics
materials businesses as well as its battery businesses this year.
Newspaper: Money Today
Subject: LG to Emerge as Global
Leader in Electronics & Chemical Industries
Date: 28-Jan-2005
A partnership between the Koo and Hur families of LG Group has come to
an end after 57 years.
14 affiliates including GS Holdings split off from LG Groups, and the
split was endorsed by the Fair Trade Commission on January 27. LG Group said
that it would now focus on reemerging as a global leader in electronics and
chemical sectors.
As a result, the number of total affiliate under LG Group has been
reduced to 37 companies including 8 electronics companies, 7 chemical
companies, and 21 communication and service companies.
LG Group plans to focus on achieving its goal of becoming a world-class
company through its first-class management practice and accelerate its growth
by expanding its global businesses, securing and nurturing competent workers,
and establishing itself as one of the top 3 global brands.
LG has decided to reorganize and differentiate its management system for
its affiliates in the electronics and chemical divisions to significantly
expand its major businesses and nurture them to lead its future growth.
Based on the best-ever results achieved by its major affiliates such as
LG Electronics, LG Phillips LCD, and LG Chem, LG has decided to increase its
R&D investment by 42% from last year to 11.7 trillion won to strengthen its
market dominance and gain the upper hand in the global market.
LG Electronics posted 30 trillion won in sales last year, up 20% from
the previous year, and was ranked No. 5 in the electronics information &
communication sector. The electronics company plans to be included in top 3 by
2010.
In order to achieve its goal, LG Electronics plans to become No. 1 PDP
TV manufacturer in 2006 and No. 1 LCD TV manufacturer in 2008. The company also
plans to sell 62 million units of mobile phones by dominating the global CDMA
market and aggressively attacking the GSM market.
LG Electronics also aims to reach $10 billion in digital appliance sales
in 2006 and to be ranked No. 1 in 2007. The electronics company will also try
to take over the No. 1 position in the domestic notebook market.
LG Phillips LCD is planning to be named No. 1 in the LCD TV market and
increase its market dominance in the high-end, high value-added monitor and
notebook LCD markets.
LG Chem is hoping to be ranked No. 1 in the polarizer market in 2006 and
in the secondary battery sector in 2008. The company also plans to aggressively
invest in its PVC and ABS businesses to emerge as a top global chemical company
by 2008.
LG Group will focus its efforts on nurturing and establishing its
electronics and chemical divisions as top global brands. For this, the company
has created a brand management team to manage and nurture its brands in
overseas markets.
A source at LG said, “By focusing on our electronics and chemical
divisions, we will try to enhance our management system and maximize the value
in our human resources to emerge as a global leader.”
In spite of the split, LG’s sales and capitalization are not expected to
fall.
LG reached 82 trillion won in sales in 2004 and is planning to increase
the figure by 15% this year to 94 trillion won. Its capitalization is also
reaching 35.2 trillion won based on its enhanced management transparency and
outstanding results of its major affiliates including LG Electronics and LG
Chem.
Newspaper: The Korea Times
Subject: FTC Loses Legal Battle
With LG
Date: 16-Jan-2005
The dispute over the excessive surcharge imposed by the nation’s
anti-trust regulator is brewing again as the Seoul High Court last Friday gave
the case to LG Chem in a penalty legal battle with the Fair Trade Commission
(FTC).
The FTC ordered a corrective measure and imposed 12 billion won in
surcharges to the nation’s leading chemical firm in April 2001, saying the
chemical company violated the Fair Trade Act by conducting an unfair
intra-transaction.
In 1999, LG sold its 20.63 million shares in LG Petrochemical at 5,500
won per share, which was lower than market value of at least 6,839 won, to 23
closely related people, including LG.Phillips LCD vice chairman Koo Bon-joon
and GS Holdings chairman Huh Chang-soo.
LG took the FTC to court for the annulment of the excessive surcharge,
claiming that stock transactions are not subject to a competition-restraining
factor.
The Seoul High Court concluded that although people with
connections with a conglomerate receive benefits from an affiliate of the business
concerned, it is hardly possible to define it as an anti-competitive business
practice unless it is proved the favor hampers fair transactions in the market.
The court added that the restraint on wealth succession activities in an
irregular manner goes beyond the objectives of the Fair Trade Act.
In response to the court decision, the FTC will allegedly appeal to a
higher court.
In a similar case, the FTC lost the legal dispute with the Samsung Group
last September.
The Supreme Court annulled 15.8 billon won of surcharges imposed on an
unfair inside-trading at the nation’s largest business in a similar case to
LG’s.
In 1999, Samsung SDS issued 23 billion won in bonds with warrants (BW)
and intentionally sold them at a price lower than market value to
closely-related people, including Lee Jay-young, the son of the group chairman,
four siblings and two executives of the group.
It was certain the price gap reaped enormous profits for the
underwriters, but the highest court concluded the FTC failed to prove the
unfair practice in market competition.
``The court rulings request the FTC to be more cautious when it judges
anti-competitive business practices and decides the amount of surcharges on a
corporation, which sometimes could be big enough to take a company to an edge
of collapse,’’ industry watchers pointed out.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.40 |
|
UK Pound |
1 |
Rs.83.15 |
|
Euro |
1 |
Rs.65.74 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)