Anthropic Revenue Run Rate Hits $65 Billion as IPO Plans Accelerate 
CK Hutchison Seeks $1.5 Billion From Panama Over Canal Ports 
Oil Prices Rise as US-Iran Tensions Renew Strait of Hormuz Supply Fears 
Moderna Short Sellers Hit With $4.8 Billion Loss as Stock Soars 
Australia Unemployment Rate Hits 4.5% as Jobs Fall in July 
Oil Prices Rise as Trump Threatens Tougher Iran Economic Measures 
UK Inflation Rises to 2.9% in July as Energy Costs Climb 
Google to Buy Spirit Airlines Business Data for $10 Million to Train AI 
U.S. Public Debt Tops $40 Trillion for First Time 
Japan Trade Deficit Widens as Imports Surge on Energy and AI Demand 
Asian Chip Stocks Plunge as Bond Yields Fuel AI Valuation Fears 
SEC Sues Former Tricolor Executives Over $1.9 Billion Investor Fraud Scheme 
Switzerland Industrial Production Jumps 5.5% in Q2 2026 
Nordson Stock Rises as Q3 Earnings Beat Estimates, Outlook Raised 
US Treasury Buybacks Ease Global Bond Yield Surge 
Standard Chartered Expands Hedge Fund Access for Wealth Clients 
US Dollar Holds Steady as Fed Rate Bets and Iran Tensions Drive Markets 
Add as a preferred source on Google
LG Chem Ltd. posted annual sales of 0.6 trillion won in 2020, up 9.9 percent on strong battery sales to surpass the threshold for the first time.
The net profit jumped 188.9 percent on-year to 1.1 trillion won, and the operating profit soared 185.1 percent to 2.3 trillion won.
LG Chem is targetting 37.3 trillion won in sales in 2021 by focusing on its core businesses, including batteries, materials, petrochemicals, and health care.
Chief Financial Officer Cha Dong-seok noted that the company's sales and profits grew in 2020 despite the COVID-19 pandemic.
The company vows to expand its battery unit's production capacity to meet the growing demand for electric vehicle (EV) batteries.
In early December, LG Chem launched its battery unit, LG Energy Ltd., to grab a bigger chunk of the EV battery market.
The company said it will develop new materials for batteries and expand production capacity to meet the growing demand for EVs, OLED screens, IT products, and materials for e-mobility.
LG Energy Solution's revenue is expected to soar over 50 percent this year due to expanding government subsidies for EVs and renewable energy solutions.
LG Energy Solution supplies EV batteries for nearly all major global carmakers, including Tesla, General Motors, Ford, Renault, Volvo, and Volkswagen, as well as South Korea's Hyundai Motor and Kia Corp.
