Posted inAT Financial, Northeast Asia, South Korea

LG Chem to spin off high-growth battery business

South Korean conglomerate LG Chem said on Thursday it will spin off its battery business, allowing the unit to concentrate on its core competency and raise targeted funds. LG Chem plans to gain approval for the move from an extraordinary stockholders’ meeting on October 30 and officially launch the new company, tentatively named “LG Energy […]