[Concall] LG Chem "Considering Spinning Off Battery Division... Will Communicate with Market When Details Are Finalized"
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[Asia Economy Reporter Hwang Yoon-joo] Cha Dong-seok, Chief Financial Officer (CFO, Vice President) of LG Chem, stated during the earnings conference call on the 3rd, "Regarding the spin-off of LG Chem's battery business, we are comprehensively reviewing ways to enhance not only the business value but also shareholder value."
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Vice President Cha said, "Although having the petrochemical sector and the battery business sector, which operate quite differently, within one company has many advantages, we have been considering ways to strengthen the competitiveness of each division, such as prioritizing investments, which led us to review the spin-off of the battery division. Once it is finalized, we will communicate with the market within the scope of related regulations before any public disclosure."
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