[LG그룹 분석]② 화학업황 부진 속 투자 '차입 부담' 커졌다

LG Group's debt has surged 46% over five years, primarily driven by massive capital spending in petrochemical and battery sectors amid industry downturns that weakened cash generation. The chemical division alone represents nearly 50% of group debt while its free cash flow remains deeply negative, making deleveraging challenging despite recent investment moderation. With persistent high interest rates and weak industry fundamentals expected to continue, LG faces prolonged debt pressure relative to earnings, constraining its strategic flexibility.