LG Chem secures USD5 B in loans from South Korean lenders to expand battery business

MOSCOW (MRC) -- LG Chem, a South Korean petrochemical major, will be backed by South Korea's state lenders with USD5 billion in policy loans to finance its expansion in secondary battery factories across the world over the next five years as a part of the government push to promote battery business, according to Kemicalinfo.LG Chem signed an agreement with Korea Development Bank, Export-I

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