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LG Chem Still Undecided on Potential NCC Cracker Sale; Shares Rise 8%

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LG Chem (KRX:051910) said no decision has been made regarding a potential sale of its naphtha cracking center, according to a Monday filing with the Korea Exchange.

The South Korean chemical company is currently reviewing measures to strengthen the competitiveness of its petrochemical business and increase business value.

The company was responding to a 2024 report regarding the possible sale of the facility.

LG Chem said it will issue another disclosure if a specific decision is reached or within six months.

Shares of the South Korean chemical company were up nearly 8% in recent trade.

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