{"slug": "lg-chem-reshapes-portfolio-amid-petrochemical-downturn", "title": "LG Chem reshapes portfolio amid petrochemical downturn", "summary": "LG Chem is reshaping its portfolio around four growth engines — battery and electronic materials, innovative pharmaceuticals, sustainability, and high-value specialty materials — aiming to more than triple revenue from these businesses by 2030, as it responds to a petrochemical downturn and rising AI and electrification demand. The four businesses generated 5.8 trillion won, or 22% of total revenue, in 2024.", "body_md": "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. The four businesses generated 5.8 trillion won, accounting for 22 percent of the company's total revenue in 2024. The first growth pillar centers on battery and electronic materials as demand grows across electric vehicles (EVs), semiconductors and AI-related applications. In battery materials, LG Chem is focusing on advanced cathode technologies, including high-voltage mid-nickel cathodes, lithium manganese-rich cathodes and lithium iron phosphate materials, while also developing next-generation materials for sodium-ion batteries. The company is also expanding semiconductor packaging", "url": "https://wpnews.pro/news/lg-chem-reshapes-portfolio-amid-petrochemical-downturn", "canonical_source": "https://www.koreatimes.co.kr/business/companies/20260727/lg-chem-reshapes-portfolio-amid-petrochemical-downturn?utm_source=rss", "published_at": "2026-07-27 07:52:04+00:00", "updated_at": "2026-07-27 07:56:48.617918+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-infrastructure", "ai-chips"], "entities": ["LG Chem"], "alternates": {"html": "https://wpnews.pro/news/lg-chem-reshapes-portfolio-amid-petrochemical-downturn", "markdown": "https://wpnews.pro/news/lg-chem-reshapes-portfolio-amid-petrochemical-downturn.md", "text": "https://wpnews.pro/news/lg-chem-reshapes-portfolio-amid-petrochemical-downturn.txt", "jsonld": "https://wpnews.pro/news/lg-chem-reshapes-portfolio-amid-petrochemical-downturn.jsonld"}}