LG : Chem-Korea University collaborate in developing eco-friendly materials technology

■ Signed a memorandum of understanding(MOU) on joint R&D of eco-friendly materials
□ Establishment of 'LG Chem-Korea University Eco-Friendly Materials Industry-Academic Cooperation Center' under College of Engineering, Korea University
□ Securing eco-friendly source and process technology such as marine biodegradables using natural materials

■ Hak Cheol Shin, CEO of LG Chem,
"It is ever more meaningful that a company and an academic institution joined their hands in eco-friendly technology development for our society's better future."
"LG Chem will spare no efforts in supporting eco-friendly materials research and training talents to develop a sustainable technology that innovates our customers' lives."

LG Chem begins to collaborate with Korea University in developing eco-friendly materials technology.

On February 17th, LG Chem said that Hak Cheol Shin, CEO of LG Chem, and Jin Taek Chung, President of Korea University signed the MOU on 'Joint R&D of eco-friendly materials.' at Korea University's main building located in Seongbuk-gu, Seoul.

Through the MOU, both entities plan on promoting joint research on ▲ biodegradable plastic materials ▲ high-efficiency waste plastic recycling process ▲ next-generation mattery materials.

In particular, the research will focus on securing eco-friendly source technologies such as plastic materials capable of natural decomposition in the ocean by using natural materials.

To do so, both entities will establish 'LG Chem-Korea University Eco-Friendly Materials Industry-Academic Cooperation Center' under College of Engineering, Korea University. Along with R&D exchange sessions and mutual advisory activities, they will further promote a customized training support programs to nurture talents such as selecting industry-academic scholars.

By 2025, LG Chem plans to invest 10 trillion KRW to foster its new growth engines such as ▲ eco-friendly materials ▲ battery materials ▲ bio. Through its collaboration with Korea University, the Company expects to accelerate securing and commercializing the source technology.

Meanwhile, Korea University appointed LG Chem as a KU Crimson Company, the university's family company program. Through its appointment, LG Chem will receive the highest level of close industry-academic support from the university.

Jin Take Chung, President of Korea University, mentioned that "It sure is a meaningful day to sign the MOU on our research collaboration and appointing LG Chem as KU Crimson Company, a family company of our university," and added "Through the establishment of our industry-academic cooperation center, I look forward to continuing progressive exchanges between the two entities and hope the center will serve as an opportunity for mutual development."

Hak Cheol Shin, CEO of LG Chem said, "It is ever more meaningful that a company and an academic institution joined their hands in eco-friendly technology development for our society's better future," and added "LG Chem will spare no efforts in supporting eco-friendly materials research and training talents to develop a sustainable technology that innovates our customers' lives."