LG Group chairman Koo Gwang-mo apologised on Wednesday over two deadly accidents at LG Chem services up to now two weeks, studies mentioned, together with a gasoline leak in India that killed 12 folks.
LG Group is the fourth-biggest of the chaebols, the family-controlled conglomerates that dominate enterprise in South Korea, the world’s 12th-largest financial system.
LG Chem, the group’s key subsidiary and South Korea’s largest chemical firm, is reeling from the lethal gasoline leak at its LG Polymers India subsidiary, which left 12 residents useless and noticed greater than 1,00zero hospitalised.
On Wednesday, a hearth broke out at LG Chem’s plant in Seosan, round 120 kilometres south of Seoul, killing a researcher and injuring two employees.
“I specific my deep condolences and comfort to victims and their households,” Koo mentioned on the Seosan plant, in line with Yonhap information company.
“I’m very sorry for inflicting concern to many individuals,” Koo added, noting that administration felt “heavy accountability” for the security accidents.
LG Chem produces petrochemicals, plastic resins, and engineering plastics, and has crops throughout South Korea and all over the world, from america and Brazil to China and Australia.
The corporate additionally manufactures industrial and digital supplies and has emerged as one of many prime battery suppliers for hybrid and electrical automobiles, with prospects together with Mercedes Benz, Volvo, Volkswagen, and BMW.
LG Chem recorded gross sales of USD 24.5 billion final 12 months and an working revenue of USD 800 million, in line with its web site.
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