Shin Hak-cheol, LG Chem Vice Chairman: "US Policy Changes Are Rather Opportunities... Preparing Multiple Scenarios"

'Pro-Trump' Senator Blackburn Meeting
"No Major Change in Tennessee Anode Material Plant Investment Plan"

Shin Hak-cheol, Vice Chairman of LG Chem, said on the 9th (local time) regarding the economic and trade policy changes following the inauguration of the second Trump administration, "We are trying to view all issues as opportunities and are preparing multiple scenarios to respond to any changes that may come."

Vice Chairman Shin, who visited the United States to attend the Korea-US Business Council meeting, made these remarks after meeting with Senator Marsha Blackburn (Republican, Tennessee) at the Senate office building in Washington DC on the same day.

Shin Hak-cheol, Vice Chairman of LG Chem.

He said, "Such (policy) changes could become opportunities," adding, "China might face a somewhat more difficult situation, but if it becomes harder for Chinese companies to enter, that could especially be an opportunity for Korea."

Regarding the meeting with Senator Blackburn, Vice Chairman Shin said, "Korea, especially LG, has invested a lot in the United States and will continue to invest, which is very beneficial for job creation and regional economic development in the U.S., so I asked for cooperation in that regard."

When asked whether additional investments related to LG Chem's anode material plant, which began construction in Tennessee at the end of last year, would proceed as planned, he said, "Watching the situation after the first phase of investment is the same as before and now," adding, "There is no significant change in the plan itself."

Regarding future investments in the U.S., he said, "For the time being, there is some delay due to battery demand, but in the long term, obviously more volume will be needed, so we had a hypothetical conversation with Senator Blackburn."

Vice Chairman Shin emphasized, "I think (next year's economy) will be similar to this year," adding, "Rather, the new U.S. administration could become an opportunity for us, and we are trying to make it so."

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