051910.KS - LG Chem, Ltd.

KSE - KSE Delayed Price. Currency in KRW
353,500.00
+1,000.00 (+0.28%)
As of 12:17PM KST. Market open.
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Previous Close352,500.00
Open353,000.00
Bid353,500.00 x 0
Ask354,000.00 x 0
Day's Range349,500.00 - 356,500.00
52 Week Range270,000.00 - 447,500.00
Volume83,254
Avg. Volume199,893
Market Cap25.99T
Beta1.53
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateJul 17, 2018 - Jul 23, 2018
Forward Dividend & Yield6,000.00 (1.70%)
Ex-Dividend Date2017-12-27
1y Target Est469,000.00
  • Reuters8 days ago

    South Korea's LG Group chairman dies from illness at 73

    The chairman of LG Group, Koo Bon-moo, who helped transform South Korea's fourth-largest conglomerate into a global brand, passed away on Sunday after a battle with a brain disease. Koo, 73, had been ill for a year, LG Group said in a statement. "Becoming the third chairman of LG at the age of 50 in 1995, Koo established three key businesses - electronics, chemicals and telecommunications - led a global company LG, and contributed to driving (South Korea's) industrial competitiveness and national economic development," LG said.

  • The Wall Street Journal10 days ago

    [$$] Power Play: How China-Owned Volvo Avoids Beijing’s Battery Rules

    SHANGHAI—Chinese-owned Volvo Car Group is being allowed to use high-end South Korean battery technology in vehicles it builds in China, even as Beijing strong-arms other auto makers into using Chinese batteries. To build up its battery industry, China requires auto makers to use batteries from one of its approved suppliers if they want to be cleared to mass-produce electric cars and plug-in hybrids and to qualify for subsidies. Volvo’s China-made plug-in hybrids, though, are powered by essentially the same LG Chem batteries the car maker uses outside China, according to people familiar with the situation.

  • Vivint Solar Is Already Falling Behind in Energy Storage
    Motley Fool12 days ago

    Vivint Solar Is Already Falling Behind in Energy Storage

    Solar companies have the chance to differentiate their offerings by adding compelling power-storage systems. But Vivint Solar is having problems finding the right battery partner.

  • South Korean prosecutors raid LG's head office in tax probe
    Reuters19 days ago

    South Korean prosecutors raid LG's head office in tax probe

    South Korean prosecutors have raided LG Group's head office as part of a probe into alleged tax evasion by family members controlling the conglomerate, the prosecutors' office said on Wednesday. Prosecutors are looking into possible evasion of capital gains tax worth about 10 billion won ($9.25 million) in relation to the transfer of shares of an LG affiliate, the Seoul Central District Prosecutors' Office said in a text message to reporters.

  • Thomson Reuters StreetEvents26 days ago

    Edited Transcript of 051910.KS earnings conference call or presentation 30-Apr-18 7:00am GMT

    Q1 2018 LG Chem Ltd Earnings Call

  • Reuterslast month

    'Urban mining' in South Korea pulls rare battery materials from recycled tech

    Workers at a rural South Korean factory are busy extracting some of the world's most coveted metals, used in the batteries that power electric cars. Instead, they are sorting through a pile of lithium-ion batteries from old mobile phones and laptops. As China’s aggressive hunt for overseas cobalt and lithium for electric vehicles pushes up prices and causes a global shortage of the key metals, South Korea is increasingly turning to such "urban mining" to recover cobalt, lithium and other scarce metals from electronic waste.

  • Reuters2 months ago

    'Urban mining' in S.Korea pulls rare battery materials from recycled tech

    Workers at a rural South Korean factory are busy extracting some of the world's most coveted metals, used in the batteries that power electric cars. Instead, they are sorting through a pile of lithium-ion batteries from old mobile phones and laptops. As China’s aggressive hunt for overseas cobalt and lithium for electric vehicles pushes up prices and causes a global shortage of the key metals, South Korea is increasingly turning to such "urban mining" to recover cobalt, lithium and other scarce metals from electronic waste.

  • Reuters2 months ago

    South Korea's LG Chem to set up battery material JVs with China's Zhejiang Huayou Cobalt

    South Korea's LG Chem Ltd said on Wednesday it had agreed to build two joint ventures with China's Zhejiang Huayou Cobalt to lock in supplies of cobalt for lithium-ion batteries. Huayou Cobalt confirmed the arrangements. Under the deal, LG Chem said it would raise a total of 239.4 billion won (158.5 million pounds) by 2020 to set up precursor and cathode joint ventures in China.

  • Reuters2 months ago

    BRIEF-Zhejiang Huayou Cobalt Plans To Set Up JVs

    April 10 (Reuters) - Zhejiang Huayou Cobalt Co Ltd : * SAYS IT, LG CHEM PLAN TO SET UP TWO NEW MATERIAL JVS * SAYS TWO JVS WITH REGISTERED CAPITAL AT $159 MILLION, $475.6 MILLION RESPECTIVELY Source text ...

  • Reuters2 months ago

    Peugeot CEO backs calls for European battery champion

    French carmaker PSA Group (PEUP.PA) threw its support behind efforts to create a European manufacturer of electric car batteries, as Chief Executive Carlos Tavares warned lawmakers on Wednesday against letting Asian dominance go unchallenged. "We have a strategic interest in avoiding a supply concentration in Asia," Tavares said. The Peugeot and Citroen maker "enthusiastically supports the creation of a European champion in battery development and manufacturing", he also told members of the French parliament's economic affairs committee.

  • Peugeot CEO backs calls for European battery champion
    Reuters2 months ago

    Peugeot CEO backs calls for European battery champion

    French carmaker PSA Group threw its support behind efforts to create a European manufacturer of electric car batteries, as Chief Executive Carlos Tavares warned lawmakers on Wednesday against letting Asian dominance go unchallenged. "We have a strategic interest in avoiding a supply concentration in Asia," Tavares said. The Peugeot and Citroen maker "enthusiastically supports the creation of a European champion in battery development and manufacturing", he also told members of the French parliament's economic affairs committee.

  • Reuters2 months ago

    VW assigns 20 billion euros in battery orders in electric car drive

    Until its "dieselgate" emissions scandal was revealed two and a half years ago, Europe's largest automaker had been slow to embrace electric cars. Volkswagen (VW) said on Tuesday it had secured battery technology deliveries for Europe and China, where it sells 80 percent of its vehicles, and will select a supplier for North America soon.

  • Reuters3 months ago

    LG Chem CEO expects stable 2018 petrochemical market

    LG Chem , South Korea's largest chemical company, sees the global petrochemical market being stable this year, and is diversifying its products to guard against falling plastic usage, the company's chief executive said. Asian petrochemical makers typically use crude-oil derived naphtha as a feedstock to produce ethylene and other basic petrochemicals, which are mostly used to make plastics. "The petrochemical business is largely affected by oil prices, but now oil prices are stable in the range of $60 (43.32 pounds) per barrel after rising for a while," Park Jin-soo, LG Chem CEO and vice president, said at a press conference on Friday which was embargoed until Sunday.

  • Daimler's R&D chief sees nickel rich batteries gaining traction
    Reuters3 months ago

    Daimler's R&D chief sees nickel rich batteries gaining traction

    The car industry is moving towards making electric car batteries with a higher ratio of nickel, Ola Kaellenius, Daimler (DAIGn.DE) board member responsible for research and development, said on Tuesday. High cobalt prices have been pushing manufacturers to adjust the recipe for the batteries used to power electric cars to reduce the amount of cobalt and increase the nickel content. Kaellenius said carmakers had also tried to increase the operating range of electric cars by experimenting with the ratio and mix of nickel cobalt and manganese in batteries.

  • EIB approves financing for Sweden's Northvolt battery plant
    Reuters3 months ago

    EIB approves financing for Sweden's Northvolt battery plant

    The European Investment Bank has approved 52.5 million euros (46.65 million pounds) in financing, alongside the Swedish government, for a Swedish plan to build Europe's biggest battery cell plant, a bank executive said on Monday, part of a European Union push to compete with Asian and U.S. manufacturers. The pilot facility by Swedish company Northvolt, whose CEO Peter Carlsson used to work for Tesla (TSLA.O), is the most advanced European initiative to break dependence on imports. The high costs of batteries means electric cars are still only a niche product, but regulatory action to reduce emissions combined with incentives to make electric cars more affordable has spurred significant investment.

  • Reuters3 months ago

    EIB approves financing for Sweden's Northvolt battery plant

    The European Investment Bank has approved 52.5 million euros ($64 million) in financing, alongside the Swedish government, for a Swedish plan to build Europe's biggest battery cell plant, a bank executive said on Monday, part of a European Union push to compete with Asian and U.S. manufacturers. The pilot facility by Swedish company Northvolt, whose CEO Peter Carlsson used to work for Tesla, is the most advanced European initiative to break dependence on imports. The high costs of batteries means electric cars are still only a niche product, but regulatory action to reduce emissions combined with incentives to make electric cars more affordable has spurred significant investment.

  • Thomson Reuters StreetEvents4 months ago

    Edited Transcript of 051910.KS earnings conference call or presentation 31-Jan-18 7:00am GMT

    Q4 2017 LG Chem Ltd Earnings Presentation

  • Reuters4 months ago

    VW's Scania backs Northvolt's $5 billion Swedish battery plant

    Volkswagen-owned (VOWG_p.DE) truckmaker Scania is to invest 10 million euros in a 4 billion euro (£3.5 billion) project to build Europe's biggest battery cell plant in northern Sweden. Sweden's Northvolt, whose CEO Peter Carlsson used to work for Tesla (TSLA.O), is racing against rivals such as South Korea's LG Chem to set up large-scale battery cell plants across Europe, where automakers and industrial firms have so far been largely reliant on Asian imports. European automakers such as BMW (BMWG.DE), Daimler (DAIGn.DE), Volkswagen and Volvo Car Group are all set to ramp up electric car production in the coming years.

  • Insight: GM races to build a formula for profitable electric cars
    Reuters5 months ago

    Insight: GM races to build a formula for profitable electric cars

    General Motors Co Chief Executive Mary Barra has made a bold promise to investors that the Detroit automaker will make money selling electric cars by 2021. What Barra has not explained in detail is how GM intends to do what, so far, no major automaker has done. The answer is a big bet on combining proprietary battery technology, a low-cost, flexible vehicle design and high-volume production mainly in China, according to six current and former GM and supplier executives and six industry experts interviewed by Reuters.

  • Reuters5 months ago

    Toyota to market over 10 battery EV models in early 2020s

    Toyota Motor Corp said it would market more than 10 all-electric vehicle (EV) models globally in the early 2020s, a target which could require the firm to look beyond a partnership with Panasonic Corp to co-develop and supply batteries. Setting an annual sales target of around 1 million zero-emission battery EVs and fuel-cell vehicles (FCVs) by 2030, the automaker said in order to achieve this it would need to make an investment of over $13 billion to develop and make batteries. Toyota, the world's second-largest automaker by sales after Volkswagen AG (VOWG_p.DE), added it needed to accelerate the pace of battery development as tightening global vehicle emissions regulations would require a steep increase in manufacturing capacity for more powerful batteries.

  • Reuters7 months ago

    Continental eyes investment in solid-state batteries

    German automotive supplier Continental (CONG.DE) is considering investing in battery production to compete with Asian and U.S. manufacturers, Chief Executive Elmar Degenhart told trade weekly Automobilwoche in an interview published on Saturday. Degenhart said, however, that Conti would not invest in the lithium-ion batteries that are currently in use, but rather in the next generation of solid-state batteries, which might go into production in 2024 or 2025. Although European carmakers assemble battery packs for electric cars, the region has no significant player in battery cells - the essential building blocks for the batteries that are now mostly made in Asia.

  • Reuters7 months ago

    Continental eyes investment in solid-state batteries

    German automotive supplier Continental is considering investing in battery production to compete with Asian and U.S. manufacturers, Chief Executive Elmar Degenhart told trade weekly Automobilwoche in an interview published on Saturday. Degenhart said, however, that Conti would not invest in the lithium-ion batteries that are currently in use, but rather in the next generation of solid-state batteries, which might go into production in 2024 or 2025. Although European carmakers assemble battery packs for electric cars, the region has no significant player in battery cells - the essential building blocks for the batteries that are now mostly made in Asia.

  • LG to open Europe's biggest car battery factory next year
    Reuters7 months ago

    LG to open Europe's biggest car battery factory next year

    South Korea's LG Chem will open Europe's largest lithium-ion battery factory in Poland next year as the region's auto industry gears up to mass produce electric cars. Tumbling battery prices and growing pressure to cut exhaust emissions have led carmakers to embrace electric vehicles. Manufacturers from VW Group (VOWG_p.DE) to Volvo Cars, Daimler and BMW plan to roll out a raft of new electric models in coming years.