[Asia Economy Reporter Park Jihwan] L&F announced on the 14th that it has decided on a new facility investment worth 88 billion KRW.
This corresponds to 44.53% of its equity capital. The investment period is until December 31, 2022.
The company stated the purpose of the investment as "urgent CAPA expansion to respond to the demand for cathode active materials for secondary batteries used in electric vehicles (EVs)."
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