Business Strategy LG Chem to Invest 9.7 Billion Dollars in R&D by 2035With an aim to become an AI-based, high-value materials company, LG Chem has plans to invest 9.7 billion dollars in R&D by 2035. (Source: LG Chem)Seoul/South Korea – LG Chem is investing KRW 15 trillion (9.7 billion dollars) in R&D by 2035 to drive its full-scale transformation into an AI-based, high-value materials company. While continuing to strengthen the competitiveness of its existing businesses, LG Chem plans to expand the share of its high-value businesses on the foundation of its technological competitiveness and customer base. To this end, LG Chem will invest a total of KRW 15 trillion (9.7 billion dollars) in R&D by 2035. In its anticancer drug business, LG Chem will strengthen its pipeline competitiveness through global clinical trials and partnerships.