LG Chem's sales value by sector 2019

In 2018, LG Chem’s sales in the petrochemical sector amounted to around 15 trillion South Korean won. This was over half of the company’s total sales of 28.63 trillion won. After petrochemicals, the battery sector accounted for around thirty percent of the total. In the first quarter of 2020, LG Chem’s petrochemical sales decreased due to the global coronavirus pandemic.

LG Chem Ltd.

Also known as LG Chemical, LG Chem is Korea’s largest chemical company and part of the LG Corporation, one of the largest Korean conglomerates. LG Chem is one of the leading chemical companies in the world by sales revenue. Like other Korean chemical companies, LG Chem relies heavily on petrochemical business, but it also operates in other sectors, notably the battery sector. Consumer cosmetics used to be among the company’s products, but now LG Household & Health Care is responsible for cosmetics and other consumer chemical products. LG Household & Health Care is also part of LG Corporation, and one of the largest companies in its sector.

LG Chem’s Batteries

The battery sector has seen steadily increasing sales revenue over the past five years, amounting to more than eight trillion won in 2019. LG’s batteries are used in smartphones and laptops (notebook computers), with larger automobile batteries supplying major automakers, and even energy storage systems (ESS). Over eighty percent of the 2019 battery sales came from sales outside Korea. LG Chem batteries are being installed in the electric cars of various automakers, such as Tesla.

LG Chem's sales value in 2019, by business sector

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Sources

Release date

March 2020

Region

Worldwide, South Korea

Survey time period

2019

Supplementary notes

Note: 1,000 South Korean won equal 0.82 U.S. dollars and 0.73 euros (as of June 2020).
Figures have been rounded.

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Statistics on "South Korea's LG Group"

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