LG Chem confirms $133m commitment

The Seoul-based chemical company has backed a local ESG vehicle.

Institution: LG Chem
Headquarters: Seoul, South Korea
AUM: 44.69 trillion Korean won

LG Chem has approved a commitment 150 billion Korean won ($133.4 million; €110.0 million) to Korea Battery & ESG Fund. The fund is managed by IMM Credit Solution and capital raised will be invested in ESG industrial ecosystems together with prospective SMEs and medium-sized corporations in South Korea.

As illustrated below, this is the first time for the company to invest in a PE fund managed by external companies.

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