FEOC
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LG Energy Solution

Clean
🇰🇷 South KoreaSeoul, South KoreaBattery Cells & StoragePublic (KRX: 373220)

Last verified: 2026-04-01

Risk Summary
Country RiskLowHQ in South Korea (allied nation)
Entity List ExposureLowNot on any lists
Ownership RiskLowPublic (KRX: 373220)
Supply Chain RiskLow16 nodes, none flagged
Domestic AlternativeLow19 allied/US options available
View Supply Chain Map
16 nodes · 15links · Interactive visualization

Entity List Screening

ListAgencyStatusYear
BIS Entity ListBureau of Industry and SecurityNot Listed2026
OFAC SDN ListOffice of Foreign Assets ControlNot Listed2026
DOD Section 1260HDepartment of DefenseNot Listed2026
UFLPA Entity ListCustoms and Border ProtectionNot Listed2026
SEC DisclosuresSecurities and Exchange CommissionNot Listed2026
IRS FEOC GuidanceInternal Revenue ServiceNot Listed2026

Ownership Structure

LG Corporation (South Korean conglomerate)
🇰🇷 South KoreaIndividual / Shareholder
LG Energy Solution
🇰🇷 South KoreaManufacturer

Source: SEC filings, stock exchange disclosures, corporate registry data. Ownership percentages reflect most recent available disclosure.

Compliance Assessment

South Korean-headquartered with allied nation status. Significant US manufacturing presence. No FEOC ownership links identified.

Key Factors

  • Headquartered in South Korea, an allied nation
  • Ownership: Public (KRX: 373220)
  • Has confirmed US domestic manufacturing operations
  • Not listed on any federal entity lists
  • Allied nation (South Korea) with extensive US manufacturing. Clean FEOC status makes it a preferred supplier for IRA credit-eligible projects.

Products & Equipment

NMC battery cellsLFP battery cellsBattery storage systemsEV batteries

Domestic manufacturing confirmed

Operating: Holland, MI (JV with GM - Ultium Cells). Under construction: Queen Creek, AZ

Other Manufacturers in Battery Cells & Storage

All manufacturers in this product category

CATL (Contemporary Amperex Technology)Flagged
🇨🇳 China
BYD CompanyFlagged
🇨🇳 China
Samsung SDIClean
🇰🇷 South KoreaUS Mfg
Panasonic EnergyClean
🇯🇵 JapanUS Mfg
EVE EnergyFlagged
🇨🇳 China
Gotion High-TechFlagged
🇨🇳 China
Fluence EnergyClean
🇺🇸 United StatesUS Mfg
CALB (China Aviation Lithium Battery)Flagged
🇨🇳 China

Data Sources

  • BIS Consolidated Screening List - Not present
  • OFAC SDN - Not present
  • SEC EDGAR - LG Energy Solution 20-F
  • DOE Loan Programs Office - Ultium Cells LLC

This information is for reference only and does not constitute legal advice. Compliance determinations should be verified with qualified legal counsel. Entity list data is sourced from publicly available federal databases and may not reflect the most recent updates.