LG Chem "Cash Dividend of Over 10,000 KRW Per Share for 3 Years"

[Asia Economy Reporter Baek Kyunghwan] On the 14th, LG Chem announced that "to eliminate uncertainties caused by the spin-off and to increase shareholder value, we will pursue a cash dividend of at least 10,000 KRW per common share annually for the next three years starting this year."

The company explained the dividend policy's purpose as "to ensure dividend stability and enhance shareholder value following the establishment of the new corporation."

Meanwhile, LG Chem announced on the 12th, through its preliminary third-quarter earnings report, that it recorded the highest-ever quarterly operating profit and sales. This is the first time LG Chem has disclosed preliminary results before the official financial statement, which is interpreted as a move to appease shareholders opposing the spin-off of the battery division.

This content was produced with the assistance of AI translation services.