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Industry

LG Chem declares shift to AI materials company, targets double-digit operating margin by 2030

LG Chem has formalised a shift toward becoming an AI-based, high value-added materials company as profitability in its traditional chemical business slows. CEO Kim Dong-choon said the company will foster semiconductor, mobility and robot materials, and new cancer drugs, aiming for a double-digit operating margin by 2030. LG Chem plans to invest a total of 15 trillion won in R&D through 2035 and pursue external growth including M&A within available funds.

AI & Enterprise

MSIT launches third 2030 Youth Advisory Group

South Korea\'s Ministry of Science and ICT said it held a launch ceremony on Sunday for the third 2030 Youth Advisory Group to reflect young people\'s perspectives in science, technology and information and communications policies, including artificial intelligence. The 21-member panel was selected through an open recruitment process and screening in April. It will make policy suggestions, gather and convey youth opinion and develop policy ideas.

Telecommunications & Media

Missing cable TV policy timing could trigger second JTBC crisis

Calls are growing for an urgent overhaul of regulations for South Korea\'s paid TV industry as subscriber declines and a weakening revenue base push the sector into a structural crisis. At a Korea Cable TV Broadcasting Association seminar, Lee Jong-gwan (이종관) warned that missing short-term policy timing could lead to a second JTBC crisis and curb content investment. The association also reported four straight years of operating losses for cable operators\' broadcasting businesses.