[Concall] LG Chem "No Change in 4 Trillion Won Investment Execution... Schedule Will Be Flexibly Adjusted"

LG Chem stated in its Q1 earnings conference call held on the 30th, "We initially planned to execute investments worth approximately 4 trillion KRW at the beginning of the year, but due to ongoing macroeconomic uncertainties such as market conditions and slowing demand growth, we will proceed with investments cautiously." They added, "We intend to manage so as not to exceed the 4 trillion KRW planned at the start of the year as much as possible."

LG Chem achieved consolidated sales of 11.6094 trillion KRW and an operating profit of 264.6 billion KRW in the first quarter.

LG Energy Solution Headquarters, Yeoui-daero, Yeongdeungpo-gu, Seoul. Photo by Jinhyung Kang aymsdream@