LG CHEM TO Search for Ground breaking Thoughts FOR SUSTAINABLE Technologies Worldwide By means of 3rd Worldwide INNOVATION CONTEST – Press Release

SEOUL, South Korea–(Business enterprise Wire)–LG Chem (KRX: 051910) announced on 20th January that it will host the 3rd World wide Innovation Contest (GIC) for major universities and study institutions throughout the world.

Currently being the first of its type in the Korean chemical marketplace, Global Innovation Contest invitations companies all-around the earth to learn progressive strategies for sustainable technologies.

The contest is open up for entry from 25th January to 31st March in 4 categories: Strength, Sustainability, Highly developed Products, and Digital Transformation (DX).

Below the new eyesight of the company “We hook up science to everyday living for a better foreseeable future,” Sustainability and DX are 2 groups newly additional this calendar year.

All scholars and researchers fascinated in creating the upcoming generation’s innovative technologies and sector-academia collaboration research are welcome to participate and submit their exploration proposals by the official GIC web-site.

(www.rnd.lgchem.com/worldwide/gic)

LG Chem will type a judging panel of internal specialists to consider the investigation proposals dependent on the company’s sustainability procedures and company designs.

The panel will also think about the technological innovativeness, marketability, and selling price competitiveness to attract up a shortlist. The nominees will be notified separately in July.

Nominated universities and institutes will be granted up to $150,000 of exploration and development bills for every calendar year for the duration of their initiatives, as properly as opportunities for researcher dispatch and know-how exchange to support them.

Since LG Chem held the 1st World-wide Innovation Contest in 2018, it has selected a full of 30 revolutionary study assignments from key universities which include Harvard, Stanford, and Massachusetts Institute of Engineering (MIT). The business has been supporting them with challenge expenses and know-how exchange.

“The International Innovation Contest has good importance as it will present company-academia collaboration possibilities to produce ground breaking R&D degree technology into professional technologies,” claimed Jiyung Yu, the CTO of LG Chem.

Yu additional, “We will keep on to innovate ourselves to impress our future buyers by connecting our personal strengths with external systems.”

For extra details on GIC 2021, remember to go to www.rnd.lgchem.com/world-wide/gic

LG Chem

GIC 2021 Arranging Committee

Su Jeong Han

[email protected]