LG Chem Announces 1 Trillion Won Bond Sale for Future InvestmentsHD Korea Shipbuilding Secures $268 Million Order for Car Carriers

SEOUL - LG Chem Ltd., the leading chemical manufacturer in South Korea, disclosed plans on Tuesday to generate up to 1 trillion won (US$751.3 million) through a bond issuance.

According to Yonhap News Agency, the proceeds from the sale will be allocated towards investments in future growth drivers, including green products, battery materials, and new drug development, as well as to repay maturing debts. The decision to double the initial bond issuance from 500 billion won to 1 trillion won came after drawing an impressive 3.44 trillion won in interest from institutional investors.

The company also stated that the fixed interest rates for the bonds will be determined on March 5, marking a significant step in LG Chem's strategy to bolster its position in core areas of future growth.

Ulsan - HD Korea Shipbuilding & Offshore Engineering Co. announced on Tuesday that it has won a significant 356.3 billion-won (approximately $268 million) order to construct two car carriers for a Middle Eastern shipping company. The vessels, designated as pure car and truck carriers, will be built by Hyundai Mipo Dockyard Co., one of HD Korea Shipbuilding's three shipbuilding units, at its facilities in Ulsan, a southeastern port city. The company disclosed in a regulatory filing that the delivery of these ships is scheduled for May 2028.

According to Yonhap News Agency, this latest contract brings HD Korea Shipbuilding's total orders for the year to 50 vessels, valued at $46.34 billion, achieving 47 percent of its annual target of $13.5 billion. The orders include a diverse range of vessels, such as six liquefied natural gas carriers, 17 petrochemical carriers, 19 liquefied petroleum gas and ammonia carriers, and two oil tankers. HD Korea Shipbuilding, a subsidiary of the conglomerate HD Hyundai, encompasses three domestic units: HD Hyundai Heavy Industries Co., Hyundai Mipo Dockyard, and Hyundai Samho Heavy Industries Co.

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