Company Directory > Biotech > LG Business Research
LG Business Research (formerly LG Economic Research Institute) serves as the primary think tank and strategic consultancy for the LG Group, one of South Korea's largest conglomerates. The institute provides in-depth analysis of global economic trends, industrial shifts, and management strategies to support the growth of LG affiliates such as LG Electronics, LG Chem, and LG Uplus. Within the group's ecosystem, LG Business Research plays a critical role in shaping the long-term strategy for LG Chem's Life Sciences division. It focuses on identifying emerging opportunities in oncology, immunology, and metabolic diseases, as well as navigating complex regulatory environments for new drug development and global market entry.
CLASSIFICATION
Company Type:Biotech
Therapeutic Areas:
Industry:Management Consulting
Sub-Industry:Economic Research & Strategic Consulting
SIZE & FINANCIALS
Employees:201-500
Revenue:$1B-$5B (LG Chem Life Sciences division revenue)
Founded:1986
Ownership:subsidiary
Status:operating
FUNDING
Investors:LG Corp
STOCK
Exchange:KRX
Ticker:051910 (LG Chem parent context)
Market Cap:$30B+ (LG Chem context)
PIPELINE
Stage:Commercial
Lead Drug Stage:Commercial
Modalities:Small molecule, Biopharmaceuticals, Vaccines, Biosimilars
Active Trials:15
Trial Phases:Phase 1: 4 | Phase 2: 5 | Phase 3: 6
FDA Approvals:2
EMA Approvals:2
CORPORATE STRUCTURE
Parent Company:LG Corp
Subsidiaries:AVEO Oncology, LG Chem Life Sciences USA
Key Partnerships:Rhythm Pharmaceuticals (Rare obesity drug licensing), The Jackson Laboratory (AI for cancer diagnosis), Bill & Melinda Gates Foundation (Vaccine development)
COMPETITION
Position:Leader
Competitors:Samsung Bioepis, Celltrion, SK Bioscience, Hanmi Pharmaceutical
LEADERSHIP
Key Executives:
Kim Young-min - President & CEO of LG Business Research
Son Jee-woong - President of LG Chem Life Sciences
LINKS
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