History
L&F was founded in 2000. Initially, it operated in various chemical materials businesses, but from the early 2010s, it began to focus intensively on secondary battery materials, particularly high-performance cathode materials. With the growth of the global electric vehicle market, the company grew rapidly, establishing itself as one of South Korea's leading cathode material specialists. In the 2020s, it was listed on the securities market, expanding its activities in the capital market.
Business Areas
Cathode Material Business
L&F's core business is the development, production, and sale of cathode materials for lithium-ion batteries. It specializes primarily in high-capacity (e.g., NCA, NCM) and high-power cathode materials, which are supplied for electric vehicles (EVs), energy storage systems (ESS), and batteries for small electronic devices. Recently, the company has been focusing on developing next-generation materials with increased energy density, such as high-nickel (Ni) series cathode materials.
Other Businesses
In the past, L&F also engaged in other chemical materials businesses, such as LCD-related materials, but it is now fully dedicated to the secondary battery materials business. Relatedly, the company is also conducting research on upstream processes for cathode material production, such as precursors.
Technology and Research & Development
L&F operates its own research institute and actively invests in research and development to improve the performance (energy density, lifespan, stability) of cathode materials and reduce costs. The company is recognized for its technological capabilities, particularly in single-particle coating technology and the development of high-nickel, low-cobalt materials. It continues to pursue technological innovation through joint research with domestic and international universities and research institutions.
Market Status and Partnerships
L&F's major customers include leading domestic and international battery manufacturers (e.g., LG Energy Solution, SK On, Samsung SDI). As demand for cathode materials increases with the expansion of the global electric vehicle market, the company is pursuing investments and strategic alliances to expand domestic factories and establish overseas production bases (especially in Europe and North America). This aims to strengthen competitiveness within the global supply chain and ensure stable supply to customers.
Social Responsibility and Sustainability
L&F emphasizes environmentally friendly production processes and makes efforts to minimize battery recycling and waste. Additionally, the company pursues sustainable growth by adopting ESG (Environmental, Social, and Governance) management principles and carries out social contribution activities for local community development and talent cultivation.