Korea Water Resources Corporation acquired Water Solutions business from LG Chem, Ltd. (KOSE:A051910) for KRW 1.4 trillion on June 13, 2025. The Board of Directors has decided on June 13, 2025 to transfer the Water Solutions (water treatment filter) business. Water Solutions business has reported Sales of KRW 222 billion and Total assets of KRW 377 billion as of the end of 2024.

Board of LG Chem has approved the sale of the water solutions business unit. Bofa Securities acted as financial advisor to Glenwood, Korea Water Solution Holdings is a special purpose company established by local Glenwood.

Korea Water Resources Corporation completed the acquisition of Water Solutions business from LG Chem, Ltd. (KOSE:A051910) on June 13, 2025.