About the company
Company History
Initially established as the Janghang Smelter in 1936,
LS MnM has grown into a world-class metals and materials company.
Here are some of the milestones we have achieved along the way.
An unrivaled reputation built on challenge and innovation
In 1982, Korea Mining & Smelting Co., Ltd. and Onsan Copper Smelting Co., Ltd. merged and were incorporated into LG Group, marking a turning point for Korea's non-ferrous smelting industry. Since then, the company polished its capabilities by expanding its area of business and through a series of innovative initiatives in management. In 1995, the company name was changed to LG Metal.
Onsan 2nd Plant started full-scale operation on April 25, 1998, following its expansion that cost a total investment of 242.6 billion won. With the full-scale operation of the 2nd plant, LG Metal's electrolytic copper production expanded from 220,000 tons to 380,000 tons (smelting 350,000 tons/y, refining 380,000 tons/y).
LG Metal received final approval for the copper smelting expansion project from LG Group in 1995, and the project was commenced with the goal of completion by the end of 1997.
With Lucky Goldstar Group changing its group name and symbol mark to LG, Lucky Metals also changed its name to ‘LG Metal Co., Ltd.’ (March 1, 1995).
The Lucky Metal Technology Research Lab, whose construction began in June 1989, was completed on October 26, 1990, featuring 1 basement floor and 4 floors above ground, with a total floor area of 2,881 pyeong (about 9,500 m2).
As part of its bold innovation strategy, Korea Mining & Smelting changed its name to ‘Lucky Metals Corp.’ on July 1, 1989.
Lucky Metal increased its electrolytic copper production capacity from 100,000 tons per year to 150,000 tons through an electrolytic copper expansion project. (Smelting 140,000 tons/y, Refining 150,000 tons/y)
Korea Mining & Smelting, which has grown into the largest non-ferrous metal smelting company in Korea through a merger, started anew in December 1982 as a member of Lucky Group.
On July 31, 1982, Korea Mining & Smelting absorbed and merged the entire Onsan Copper Smelting, which marked the unification of the domestic copper smelting business. Through the integration of the two major copper smelting companies, Korea Mining & Smelting became a large-scale company with 296.5 billion won in assets and 1,595 employees.
-
1998
Apr Completed the expansion of Onsan 2nd Plant.
-
1996
Sep Groundbreaking for the expansion of Onsan 2nd Plant.
-
1995
Mar Changed company name (LG Metal Co., Ltd.).
-
1990
Oct Completed the construction of Lucky Metal Technology Research Lab.
-
1989
Jul Changed company name (Lucky Metals Corp.).
-
1988
Dec Increased production capacity of electrolytic copper.
-
1982
Dec Incorporated into Lucky Group.
Jul Merger of Korea Mining & Smelting Co., Ltd. and Onsan Copper Smelting Co., Ltd.
