[Concall] Lotte Chemical "Will Rapidly Reduce the Share of General Petrochemical Business"

Kim Min-woo, Head of Strategic Planning at Lotte Chemical, stated at the first quarter earnings briefing held on the 9th, "The biggest concern is that the proportion of general-purpose petrochemicals is high, which causes performance volatility depending on market conditions," adding, "In the past, we tried to complement this by incorporating businesses with different cycles, but the proportion of general-purpose petrochemicals remains large."

He continued, "Regarding the Asset Light strategy, we will quickly reduce the proportion of the general-purpose petrochemical portfolio," and added, "There are some options making progress, but it is not yet at a stage to share."