LG Energy Solution, Achieves KOSPI Listing After 30 Years of Pioneering Secondary Batteries

Sweeping Up 10.2 Trillion Won in Investments
Securing Over 22,900 Patents

The scene of LG Energy Solution's KOSPI new listing ceremony held on the morning of January 27 at the Korea Exchange in Yeouido, Seoul. (Photo by LG Ensol)

[Asia Economy Reporter Moon Chaeseok]

"The world's best company trusted and loved by customers." This phrase was displayed on a large screen at LG Energy Solution's listing ceremony on the Korea Exchange's KOSPI market held on January 27th.

Upon seeing the phrase, Kwon Young-soo, Vice Chairman and CEO of LG Energy Solution, expressed his thoughts, saying, "I will consider this listing not as the end of the past 30 years but as the starting point for the next 100 years." It marked the achievement of a KOSPI listing 30 years after taking the first step as a pioneer in South Korea's secondary battery business in 1992.

LG Energy Solution set various records during its initial public offering (IPO) process. It was the first KOSPI-listed company to raise more than 10 trillion won through public offering. The demand forecast competition rate from domestic and foreign institutional investors also set a new record at 2023:1. In the public subscription by general investors, it collected approximately 114.1066 trillion won in subscription deposits, setting another record. The number of subscription participations (4,424,470 cases) also broke the record for the highest since the prohibition of duplicate subscriptions.

With high interest, LG Energy Solution secured about 10.2 trillion won in investment funds after listing. This money will be used to expand production capacity at global production bases, invest in next-generation battery research and development (R&D), and new business ventures. The company decided to focus on expanding its supply chain.

LG Energy Solution is characterized by its competitiveness in technology, products, customer management, and production. In particular, it has secured strong competitiveness in the field of intellectual property (IP). Over the past 10 years, through R&D investments amounting to 5.3 trillion won, it has acquired approximately 22,900 patents in materials, processes, and core technology fields. The R&D workforce working at various global business sites reaches about 3,300 people.

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