LG Chem CEO on Securing Supply of EV Battery Material

The video discusses the economic outlook for 2023, focusing on China's reopening and the potential for a global recession. It covers the impact of the IRA on South Korea and international relations, strategies for securing raw materials, and efforts to address the climate crisis by reducing emissions and achieving net zero by 2050.

What is the expected trend for the petrochemical cycle in 2023?

• Stagnation with no change

• A sharp increase like a V-curve

• A rapid decline

• A slow recovery

How does the South Korean government view the IRA in relation to its automakers?

• As a beneficial agreement

• As an irrelevant policy

• As a betrayal by the United States

• As a supportive measure

What is the primary focus when dealing with raw material fluctuations?

• Securing a stable supply

• Finding new suppliers

• Reducing costs

• Increasing production

Which technology is being invested in to help achieve net-zero emissions by 2050?

• Carbon capture utilization

• Biofuels

• Nuclear energy

• Wind energy

What is one of the compensatory tactics mentioned for reducing CO2 emissions?

• Building solar farms

• Cookstove projects in Africa

• Developing electric vehicles

• Planting trees in urban areas