LX

Wel operates the coal business in Indonesia, China, Australia, and others. Taking advantage of our capabilities built through extensive experiences of mine development and operation, we have expanded our business into the development of future promising mineral resources, such as nickel, a core material for secondary battery. We are also a reliable supplier of crude palm oil (CPO) to Indonesia and other global markets, owning three palm oil plantations.

In association with the resource business, we also serve as a trader of nickel, coal and palm oil. When it comes to industrial and metal materials, we have solidified our foundation through multifaceted efforts, such as identification of new growth engines in the green materials sector to prepare for the transition to a netzero society, equity investment and securing of product rights aimed at building a stable supply chain. Our efforts also include pushing back the frontiers of our business to product distribution, diagnosis solution establishment and investment in and around Indonesia. In terms of the IT trading business, we make sure that we deliver unique customer value through the provision of an integrated SCM solution (VMI*) for customers, which enables customers to optimize their cost structure.

To be more agile in responding to the rapidly changing market driven by growing demand for ESG, accelerated digitalization in the ICT industry, and the 4th industrial revolution, we have strived to identify business opportunities in order to secure a new growth engine, establishing a group for new growth business. Furthermore, we have actively joined hands in domestic and overseas eco-friendly business, carried out projects related to resource circulation and carbon emissions mitigation, and created business models for the next generation businesses. In addition, the acceleration of the development and investment in logistics real estate are also one of our primary focuses to solidify the foundation for new business growth and discover future promising businesses.