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Megadeals
Subsidy Tracker Parent Company Summary
Parent Company Name: LG Chem
Ownership Structure: publicly traded
Headquartered in: South Korea
Major Industry: chemicals
Specific Industry: chemicals
Subsidy Summary | Subsidy Value | Number of Awards |
State/Local | $425,624,409 | 8 |
Federal (grants and allocated tax credits) | $151,431,953 | 1 |
TOTAL | $577,056,362 | 9 |
Loan / Bailout Summary | Total Face Value | Number of Awards |
State/Local loans, bond financing and venture capital | $0 | 0 |
Federal loans, loan guarantees and bailout assistance (not including repayments) | $0 | 0 |
TOTAL | $0 | 0 |
Time Period for State and Local Awards: Earliest year of data: 2004. Availability of data for earlier years varies greatly from program to program. The majority of the listings for this parent company are for the period since 2021.
Time Period for Federal Awards: FY2000 to the present
Notes: Dollar totals do not include awards for which no subsidy value is disclosed.
Links: For a summary of this company's regulatory violations see its Violation Tracker summary page
here.
Top 5 States for state/local awards | Total Subsidy $ | Number of Awards |
Michigan | $350,650,000 | 4 |
Arizona | $71,960,000 | 1 |
Illinois | $1,984,409 | 1 |
Ohio | $540,000 | 1 |
Georgia | $490,000 | 1 |
Individual Subsidy Records:
Click on the company name for more information on each subsidy award.
Company | Location | Subsidy Source | Year | Subsidy Value ![sort ascending sort icon](https://violationtrackeruk.goodjobsfirst.org/resource//arrow-asc.png) | Loan/Bailout Value | Type of Subsidy |
LG Chem-Compact Power | Michigan | multiple | 2009 | $198,000,000 | | MEGADEAL ![Megadeal is the designation we give to our list of subsidy awards worth at least $100 million going back as far as the late 1970s (in January 2024, we increased the threshold from $50 million to $100 million). Many of them are packages involving multiple state and local subsidies. We created the list to fill gaps in the official disclosure data that make up the bulk of the content in Subsidy Tracker. Megadeal entries thus rely on a wide variety of information sources. In some cases these entries overlap entries from specific subsidy programs. In those instances the dollar totals on the Parent Summary Pages and the State Summary Pages are adjusted to avoid double-counting.](https://subsidytracker.goodjobsfirst.org/resources/images/qmark.gif) |
LG Energy Solution | Michigan | multiple | 2022 | $152,650,000 | | MEGADEAL ![Megadeal is the designation we give to our list of subsidy awards worth at least $100 million going back as far as the late 1970s (in January 2024, we increased the threshold from $50 million to $100 million). Many of them are packages involving multiple state and local subsidies. We created the list to fill gaps in the official disclosure data that make up the bulk of the content in Subsidy Tracker. Megadeal entries thus rely on a wide variety of information sources. In some cases these entries overlap entries from specific subsidy programs. In those instances the dollar totals on the Parent Summary Pages and the State Summary Pages are adjusted to avoid double-counting.](https://subsidytracker.goodjobsfirst.org/resources/images/qmark.gif) |
Lg Energy Solution Michigan, Inc. | United States | federal | 2010 | $151,431,953 | | federal grant |
LG Chem Michigan, Inc. | Michigan | state | 2010 | $100,000,000 | | tax credit/rebate |
LG Energy Solution | Arizona | multiple | 2022 | $71,960,000 | | MEGADEAL (Archived) ![Megadeal (Archived) is a designation we give to megadeals of less than $100 million. In January 2024, we stopped updating and collecting megadeals with the total value less than $100 million; existing megadeals of less than this amount have been archived as Megadeal (Archived). Many of them are packages involving multiple state and local subsidies. We created the list to fill gaps in the official disclosure data that make up the bulk of the content in Subsidy Tracker. Megadeal entries thus rely on a wide variety of information sources. In some cases these entries overlap entries from specific subsidy programs. In those instances the dollar totals on the Parent Summary Pages and the State Summary Pages are adjusted to avoid double-counting.](https://subsidytracker.goodjobsfirst.org/resources/images/qmark.gif) |
LG Chem Michigan, Inc. | Michigan | state | 2010 | $25,259,000 | | tax credit/rebate |
LG Chem Illinois Biochem LLC | Illinois | state | 2023 | $1,984,409 | | tax credit/rebate |
LG Chem America, Inc. | Ohio | state | 2021 | $540,000 | | tax credit/rebate |
LG Chem | Georgia | state | 2004 | $490,000 | | grant |
LG Chem America, Inc. | Ohio | state | 2022 | undisclosed | | enterprise zone |