[Concall] LG Chem "Set 300 Billion KRW Provision for ESS Fire"
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[Asia Economy Reporter Hwang Yoon-joo] LG Chem stated on the 3rd during its earnings conference call, "We are preparing a comprehensive stabilization plan to restore trust in the Energy Storage System (ESS) industry and fulfill the social responsibilities of large corporations, and have set aside a provision of 300 billion KRW."
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They added, "We believe that ESS fires are not caused by battery issues," and "We plan to install battery protection systems and fire prevention systems that can withstand fires."
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