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1940s’ signs of the time

LG’s historic launching
With the founding of 'Lucky Chemical Co., Ltd.'
Korea Chemical Industry's new horizon opens

In 1945, Korea gained independence from Imperial Japan’s colonial rule.
Yonam, who had been running a business in Jinju, renewed his mind for a new departure
toward the new era and relocated his business to Busan, South Korea.

In Busan, Yonam founded Chosun Heungup Company, which was the first trading company
licensed by the US military government, and expanded his business.
It was the beginning of a new horizon in Korea’s petrochemical history.

1947
Established as Lucky Chemical Co., Ltd.
1947
Lucky Cream, a cosmetics product, was produced.

1950s’ signs of the time

Opening the new era of Korea’s chemical industry
A period in which the foundation was established
for the chemicals business, one of LG’s major business areas

Lucky Chemical Co., Ltd., which opened a new horizon for industrial modernization,
jumped into the plastic industry for the first time in Korea, aiming to produce an unbreakable lid for
cosmetics containers. The decision was made in 1952 when Korean War was at its height,
which was impossible without a will of iron and unyielding corporate spirit.

The company developed the country’s first ever toothpaste, Lucky Toothpaste, in 1954,
and after the establishment of Lucky Oil and Fat Co., Ltd. in 1959, took care of peoples’ hygiene through the
full-fledged production of soaps and glycerine.
Yonam’s corporate spirit, which says that one has to make products that are essential in people’s lives,
was showing its full effect, as Lucky Chemical Co., Ltd. improved people’s living standard by
manufacturing plastic products such as combs, soap cases, toothbrushes, dishes, etc.

1952
For the first time in Korea,
an injection molding machine was introduced.
1952
The comb and soap case made of synthetic resin were produced
for the first time in Korea.
1955
Lucky Toothpaste was produced.
1956
The PVC pipe was produced
for the first time in Korea.
1957
Became the first Korean company
to hire new employees through an open
recruitment of college graduates.

1960s’ signs of the time

After its establishment,
Lucky Vinyl Co., Ltd. becomes a giant enterprise
that leads the nation’s key industries.

1960s were a politically and socially turbulent era.
Korea had risen to a developing country by diligently strengthening its foundation of growth along
with the full-scale implementation of the Korean government's Economic Development Plans.
At the same time, Lucky Chemical Co., Ltd. was also establishing its foundation
for a large conglomerate.

Lucky Vinyl Co., Ltd., established in 1959 by Lucky Chemical Co., Ltd.
for the oil and fat business, produced Korea’s first synthetic detergent “Hi Ti” in 1964 and
liquid kitchen detergent “A-pong” and liquid hair detergent “Cream Shampoo” in 1967.
With the production of these products, Korea’s chemical industry moved up one level higher.

1960
Choup Factory of Lucky Oil and Fat Co., Ltd. was built.
1962
Lucky Vinyl Co., Ltd. was established
1966
After merging with Lucky Vinyl Co., Ltd.
it was converted into a corporation.
1969
Listed on Korea Stock Exchange

1970s’ signs of the time

Inauguration of Koo Cha-kyung, the second chairman
Substantial growth and expansion of business areas

In the midst of 1970s’ economic difficulties, Lucky grew to become a giant in the financial circle with
its substantial business management achieving an exponential growth along with the
recovery of the country’s economy.
After two global oil crises and amid domestic political instability, the founder Koo In-hwoi suddenly
passed away on December 31, 1969, and Lucky entered 1970s with the inauguration of
Koo Cha-kyung, the second chairman of the company.

The new chairman Koo Cha-kyung proclaimed, “1970s is a Lucky’s turning point toward globalization,
and the company will push forward substantial and stable growth as well as globalization as
its major policies.”
The company opened a new chapter in its history by carrying out an IPO and showed its maturity
as the people’s company by returning corporate profit to the society after establishing
the educational foundation Yonam Academy and initiating social contribution activities.

1974
Changed its name
from Lucky Chemical Co., Ltd. to Lucky Co., Ltd.
1976
A PVC resin factory was completed in Yeocheon Plant
1976
Produced the plastic window frame,
Hi Chassis, for the first time in Korea.
1979
Opened the Daedeok Central R&D Center

1980s’ signs of the time

Era of globalization and cutting-edge technologies
Lucky makes its name known
in and out of the country with its technology.

Stepping into the era of international competition, Lucky made its name known
throughout the globe by focusing on development of cutting-edge technologies.
This was a period when the company expanded its business areas by establishing
long-term plans based on 1970s’ exponential growth and started to grow into an
international company by entering the world market leveraging the accumulated capital
and technologies.

After 1983, with its core petrochemical business at the center, Lucky moved ahead
with intensified development of its existing fields such as daily products and
fine chemistry as well as with diversification of businesses by re-entering the
cosmetics business and starting the medical and pharmaceutical businesses.
The company carried out its transformation into a global company
through active overseas investment.

1981
Received the Export Tower Award for exporting 100 million dollars
and the Tin Tower Order of Industrial Merit.
1983
Developed an engineering plastic PBT
and an ultra heat resistant ABS resin for the first time in Korea.
1986
Established a joint venture factory
with Saudi Arabia (VCM and PVC factory).
1988
Became the first Korean chemical company
to achieve the sales of 1 trillion won.
1989
Developed Gamma Interferon through
genetic engineering for the first time in Korea.

1990s’ signs of the time

Lucky becomes a global company by leveraging its capital and technologies.

After changing the company name to LG Chem in 1995, the company started its engine for
full-scale globalization through an overall CI revision. With the inauguration of Koo Bon-moo,
succeeding Koo Cha-kyung as the third chairman, the company opened a new era
of the second business innovation.

After the inauguration, chairman Koo Bon-moo set and promoted “Jeongdo management”
and “Excellent LG” as the keys of business and pushed forward the company’s advancement
into the global market through vertical integration in the petrochemical sector, development of
cutting-edge medicines, and expansion of the oil refining business into the total energy business.

In the midst of Korea’s economic crisis, namely “IMF Crisis,” that started in 1997, LG Chem put
forward innovative measures one step ahead of others, keeping its balance in the black,
and overcame the hardship with wisdom.
In spite of the crisis, LG Chem consistently showed exemplary business practices such as
building factories in China for the first time for a Korean chemical company and
took energetic steps toward “Excellent LG” with its “21st century business structure.”

1990
Yeocheon Petrochemical Complex was completed
1991
Lucky Training Center, a human resources development center,
was opened in Osan.
1991
Yeocheon Naphtha Cracking Center (NCC) was completed
1993
Became the first company in the world to develop and commercialize “Utrophin”, a growth hormone.
Selected as one of the top 50 achievements in the science and technology area.
1994
Became the first company to pursue the petrochemical business in China.
Built a PVC resin factory in Tianjin which has the annual capacity of 100,000 tons.
1995
Changed its name to LG Chem and introduced a new CI.
1995
Became the first chemical company in Korea to receive the Export Tower Award
for exporting 1 billion dollars.
1996
Signed a contract with Yongxing Chemical in Ningbo, Zhejiang, China to jointly establish
an ABS manufacturing facility and produce and sell ABS.
1996
Signed a contract to acquire Hindustan Polymer,
which was the largest polystyrene resin manufacturer in India.
1997
Became the first company in the world to develop and commercialize Pyanchor,
a herbicide made of a new material.
1998
Completed construction of Ningbo ABS plant in China
1999
Started mass production of Li-ion batteries for the first time in Korea.
1999
Commercialized color filter photoresist for LCD panels

2000s’ signs of the time

Big innovation toward the 21st century
Leaping to become an excellent company based
on cutting-edge future industry

LG Chem began its new challenge for its new visions for the 21st century, based on
its outcomes in the 20th century.
The LG Chem of the 21st century is one in which its members can fully realize their
potential, which maximizes shareholder values through transparent management,
and which satisfies and moves customers and contributes to the country and the society.

Today’s LG Chem is realizing the “number one LG” of the 21st century based on
Jeongdo Management and through changes in thoughts and actions.
“The spirit of challenging the future” was the power that drove a small company that
started at a southern village on the Korean peninsula in 1947 to become
a global company that competes with the world.

2001
The company was divided into three companies
(LGCI, LG Chem, LG Household & Health Care).
2003
Established an IT & electronic materials subsidiary in Nanjing, China
2004
A comprehensive IT and electronic materials factory,
Ochang Technopark was built.
2004
Established LG Chem (China) Investment Co., Ltd.
2005
Established a polarizer back-end subsidiary in Poland
2008
Developed Elastomer, a high value-added resin,
first in South Korea
2008
Acquired Kolon’s SAP business (high absorbent resin)
2009
Exclusively supplied batteries for the world’s first
mass-produced electric vehicle (GM Volt).
2009
Started construction of TFT-LCD glass
plant in LG Paju Industrial Complex
2009
“LG Hausys”,
an industrial materials business, was separated.

2010s’ signs of the time

LG Chem that contributes to making the humanity’s life richer

LG Chem is Korea’s representative global chemical company that has contributed to the country’s
economic growth and the improvement of people’s standard of living since its establishment in 1947
through its constant and stable growth, unending technological development, new product launching,
and quality innovation.

The world is paying attention to LG Chem, which strives to become “a company that
contributes to making the humanity’s life richer” through changes in thinking and actions
based on Jeongdo Management.

2010
A groundbreaking ceremony
for an electric vehicle battery factory in Michigan, U.S.A.
2013
Developed three types of future batteries (step, curve, and wire)
for the first time in the world.
2014
Acquired NanoH2
(water treatment filter manufacturer)
2015
Developed world's first Hexagon Battery
2015
Completed water treatment reverse
osmosis membrane plant in Cheongju
2015
Completed construction of the battery plant
in nanjing, China
2016
Acquired Dongbu Farm Hannong
2016
Groundbreaking of automotive battery plant in Poland
2016
Acquired GSEM
2017
Merged with LG Life Sciences
2018
Acquired selling approval on antibody biosimilar ‘Eucept’ in Korea
2018
Acquired U.S. automotive adhesive specialist 'Uniseal'
2019
Established "Global Innovation Center" in Boston, USA
2019
Acquired DuPont's soluble OLED technologies
2019
Established 'VLBP', a joint venture with VinFast in Vietnam
2019
Became the first Korean chemical company to join
the list of the top 10 global chemical companies
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