LG Chem embarks on sale of dermal filler business worth $343 million

Quick Summary:

LG Chem Ltd., the world’s fourth-largest chemicals producer that is fostering vaccine and new drug development as new growth drivers, has kicked off the sale of its cosmetics filler business in hopes of fetching more than 500 billion won ($343 million).

PART OF BUSINESS RESTRUCTURING The sale of the aesthetic business comes at a time when LG Chem has been seeking to reform its Life Science unit’s portfolio with more focus on vaccines and new drug development.

The medical skin-care business under LG Chem’s Life Science unit reports about 100 billion won and 30 billion won in annual sales and earnings before interest, taxes, depreciation, and amortization (EBITDA), respectively.

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Article Details

Category: Economy

Markets: South KoreaThailand

Topics: Sale Life Drug Billion Chem Science Aesthetic Business Development Growth Filler

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-09 @ 11:20:09 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 388 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 25987891

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