[Featured Stock] LG Chem Rises Over 5% on Battery Material Investment Expectations

[Asia Economy Reporter Lee Jung-yoon] LG Chem is showing strong performance on the 8th due to expectations of investment in battery materials.

As of 10:42 AM on the day, LG Chem is trading at 552,000 KRW, up 5.34% (28,000 KRW) compared to the previous trading day.

LG Chem surged following the news of issuing a 3-year, 300 million USD global green bond (a bond for eco-friendly business purposes). It is known that all funds secured through the green bond will be invested in electric vehicle battery material sectors such as cathode materials and separators.

Green bonds are international bonds issued and traded simultaneously in global financial markets, with the use of proceeds limited to eco-friendly projects and infrastructure investments such as climate change and renewable energy.