I think that's LG's cheap way of playing catch up, after not coming up with anything themselves. I think it is a fear of being left behind in the game. Also in the conditions:
"It should be noted that LG Chem will not sign an NDA (non-disclosure agreement) in relation to applications – applicants are expected to be responsible for the protection of their own Intellectual Property .
“All applications (including all material contained in, or included with, an application) become the sole property of the Program Sponsor upon submission,” states part of the Terms and Conditions."
I don't think it's a path UTR should take.
UTR Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held