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LG Chem Petrochemical Unit Falls into Deficit

LG Chem’s petrochemical segment has swung to a deficit compared to the previous quarter. The company aims to submit a business restructuring plan within the year while continuing to build a portfolio…

  • LG Chem petrochemical unit recorded a 600 billion won net loss in the latest quarter.
  • Loss attributed to higher raw material costs from oil price hikes and transportation expenses.
  • Company aims to submit business restructuring plan within the year.

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