In 2025, LG Chem has been honored as one of the world’s top 100 technology companies, a testament to its unwavering commitment to innovation, sustainability, and excellence in the chemical industry. This recognition highlights LG Chem’s significant strides in technological advancements, environmental initiatives, and its influential role in shaping the future of energy and materials.​

LG Chem: Leading Innovation in Battery Technology

Pioneering Growth in Battery Technology

LG Chem has solidified its position as a global leader in battery technology. In the first half of 2020, the company achieved a 24.6% market share in the global electric vehicle (EV) battery market, surpassing competitors like CATL and Panasonic. This growth is attributed to strong demand from major automakers, including Tesla’s Shanghai factory, Audi’s e-tron, and Renault’s Zoe. LG Chem’s CEO, Hak Cheol Shin, projected that the company’s battery business revenue would reach approximately 13 trillion KRW (around $11 billion) in 2020 and double to 30 trillion KRW (approximately $25 billion) by 2025.

Commitment to Sustainability and Green Materials

LG Chem is at the forefront of sustainable innovation, focusing on eco-friendly materials and environmental responsibility. The company launched the LETZero brand in 2021, encompassing recycled plastics, bio-based materials, and biodegradable products. Notably, LG Chem developed COMPOSTFUL™, a biodegradable material that decomposes within six months to two years under specific conditions, returning to nature as water, CO₂, and fertilizer. This material has received certifications in the U.S. and Europe and is suitable for various applications, including agricultural films, coffee capsules, and packaging.

Additionally, LG Chem is pioneering the use of 100% bio-based 3-hydroxypropionic acid (3HP) for functional cosmetics and is developing CO₂-based polycarbonate materials (PEC) for cosmetic containers, showcasing its dedication to reducing carbon emissions and promoting circular economy practices.

Strategic Vision for Future Growth

Looking ahead, LG Chem has set ambitious goals to transform its business portfolio. By 2030, the company aims to achieve 60 trillion KRW in revenue, more than doubling its 2021 figures. This growth strategy focuses on three key areas: eco-friendly materials, battery materials, and new pharmaceuticals. LG Chem plans to increase its revenue from these sectors from 3 trillion KRW to 30 trillion KRW, emphasizing its commitment to ESG principles and high-value new businesses.

To support this transformation, LG Chem is investing heavily in research and development, with plans to add over 500 new employees to its R&D department and invest 1 trillion KRW in R&D activities, marking a 35% increase from the previous year.​

Conclusion

LG Chem’s inclusion in the 2025 global top 100 technology companies list underscores its role as a trailblazer in the chemical industry. Through relentless innovation in battery technology, a steadfast commitment to sustainability, and a strategic vision for future growth, LG Chem continues to lead the way in creating a more sustainable and technologically advanced world.