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lotte chemical

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Yeosu petrochemical overhaul wins government approval

Korea approved a restructuring plan for the complex in Yeosu, unlocking major state support as companies merge operations and pivot to higher-value products.

2026.7.22

Lotte Chemical shifts to profit in Q1 on improved margins

Lotte Chemical, the chemical arm of Korea's retail conglomerate Lotte Group, said Monday it turned to the black in the first quarter on increased margins due to the lagging effect of feedstock costs amid the war in the Middle East.

2026.5.11

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Petrochemical facilities are seen at the Yeosu Industrial Complex in South Jeolla on March 9. [YONHAP]

Korea's larget petrochemical complex to begin major restructuring as industry pressures rise

The Yeosu Industrial Complex in South Jeolla, Korea’s largest petrochemical hub, is set to enter a major restructuring phase as leading firms move to consolidate operations and cut excess capacity.

2026.3.20

A view of Lotte Chemical’s Daesan plant [LOTTE CHEMICAL]

Lotte Chemical, HD Hyundai Chemical submit Korea's first voluntary restructuring plan for gov't approval

Korea’s first voluntary restructuring plan in the oversupplied petrochemical sector is awaiting approval from the Trade Ministry, with Lotte Chemical and HD Hyundai Chemical moving to reduce naphtha cracker capacity (NCC) at their Daesan complexes.

2025.11.26

Lotte Chemical sells entire Pakistan unit amid restructuring

Lotte Chemical said Thursday it has sold its entire stake in a Pakistani subsidiary for 98 billion won ($67 million) as part of its ongoing business reorganization.

2025.11.13

Lotte Chairman Shin Dong-bin, second from left, and Indonesian President Prabowo Subianto, center, celebrate the completion of Lotte Chemical’s new petrochemical complex in Cilegon, Indonesia, on Nov. 6. [LOTTE CHEMICAL]

Lotte Chemical opens massive petrochemical facility in Indonesia

Lotte Chemical has begun operations at a massive new petrochemical complex in Cilegon, West Java, Indonesia. The plant is officially named LINE, short for Lotte Chemical Indonesia New Ethylene.

2025.11.7

Lotte Chemical plant [LOTTE CHEMICAL INDONESIA]

Lotte Chemical sells Indonesian stake for $448 million

Lotte Chemical sold its Indonesian subsidiary stake for $448 million to enhance financial stability.

2025.3.6

Lotte Chemical Pakistan's factory [LOTTE CHEMICAL PAKISTAN LTD]

Lotte Chemical sells Pakistani affiliate for $68 million

Lotte Chemical sold its affiliate in Pakistan for $68 million.

2025.2.19

Former Lotte Chemical CEO and President Lee Hun-ki, center, and firm employees examine the construction site of a petrochemical complex in Indonesia on April 23, 2024. [YONHAP]

Lotte Chemical to sell Pakistani subsidiary amid persistent liquidity crisis rumors

Lotte Chemical is finalizing the sale of its Pakistani unit amid rumors of a groupwide liquidity crisis.

2025.2.17

Lotte shuttering duty-free stores, event spaces as sales decline

Lotte is closing underperforming duty-free stores and event spaces to address financial issues. The company plans to restructure its operations and reduce costs across various subsidiaries as it navigates declining sales.

2024.11.29