LG Chem-Korea University Join Hands to Develop Biodegradable Plastic Materials

Development of Next-Generation Batteries and Eco-Friendly Materials
Establishment of Industry-Academia Cooperation Center for Eco-Friendly Materials Planned

Shin Hak-cheol, Vice Chairman of LG Chem (right in the photo), is taking a commemorative photo with Chung Jin-taek, President of Korea University, at the industry-academia cooperation agreement signing ceremony held on the 17th at the main building of Korea University in Seongbuk-gu, Seoul.

[Asia Economy Reporter Oh Hyung-gil] LG Chem is partnering with Korea University to develop eco-friendly material technologies such as biodegradable plastics and next-generation batteries.

On the 18th, according to LG Chem, Vice Chairman Shin Hak-cheol signed a Memorandum of Understanding (MOU) for joint research and development of eco-friendly materials with Korea University President Jeong Jin-taek at the main building of Korea University in Seongbuk-gu, Seoul.

They plan to promote joint research including high-efficiency waste plastic recycling processes and focus on securing eco-friendly core technologies such as plastic materials that naturally decompose in the ocean using natural substances.

A joint research center called the "LG Chem-Korea University Eco-friendly Materials Industry-Academic Cooperation Center" will be established at Korea University's College of Engineering. They will also promote customized educational support programs that can nurture outstanding talents, including R&D exchange meetings, mutual advisory activities, and selection of industry-academic scholarship students.

LG Chem plans to invest 10 trillion won by 2025 to foster new growth engines such as eco-friendly materials, battery materials, and bio sectors. They expect that collaboration with Korea University will further accelerate the securing and commercialization of related core technologies.

Korea University appointed LG Chem as a KU Crimson Company, a family company of Korea University, through this agreement.

Vice Chairman Shin said, "It is very meaningful that companies and schools have joined forces to develop eco-friendly technologies for a better future of our society," adding, "We will spare no support for eco-friendly material research and nurturing outstanding talents with the goal of developing sustainable technologies that innovate customers' lives."

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