Lotte Chemical to Early Recover 500 Billion Won Loaned to Lotte Construction

[Asia Economy Reporter Oh Hyung-gil] Lotte Chemical has received early repayment of 500 billion KRW lent to Lotte Construction to stabilize its fund management.

Lotte Chemical announced on the 6th that it received early repayment of the 500 billion KRW loan, which was lent on October 20 last year for a three-month term.

With the early repayment of the loan, Lotte Chemical will be able to manage its funds more stably. It plans to continue investments in new businesses such as hydrogen and battery materials as planned.

A Lotte Chemical official said, "We will build a foundation for future growth and actively enter high value-added materials businesses to enhance corporate value."