[Concall] LG Chem "Over 4 Trillion KRW Annual Facility Investment for the Next 2-3 Years"

LG Chem announced plans to spend more than 4 trillion KRW annually on capital expenditures (CAPEX) over the next 2 to 3 years.

During the Q4 earnings conference call on the 31st, LG Chem stated, "Last year, we executed approximately 3.4 trillion KRW in investments focused on three major new growth engines," adding, "This amount was somewhat reduced compared to the planned level. This year, with the North American cathode material plant construction officially starting, we expect the investment scale to increase compared to last year."

They continued, "This year, we plan increased investments due to the commencement of the North American cathode material plant construction, and over the next 2 to 3 years, investments will be concentrated on the three major new growth industries," stating, "Financially, we expect investments of about 4 trillion KRW annually to be executed over the next 2 to 3 years."

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