Lotte Chemical Signs MOU to Establish ESG Center in Michuhol-gu, Incheon

Expansion of Community Resource Circular Economy System Establishment

Lotte Chemical and Michuhol-gu, Incheon signed a Memorandum of Understanding (MOU) on the 18th at Michuhol-gu Office to establish an ESG (Environmental, Social, and Governance) Center.

According to the agreement, Lotte Chemical will handle the remodeling of the center's space and facility support, while Michuhol-gu will provide the space and administrative support. The Korea Senior Human Resources Development Institute will support initial investment and labor costs, and the Michuhol Senior Club will oversee the senior employment project.

At the Incheon Michuhol-gu Office on the 18th, a commemorative photo was taken from the right: Choi Young-kwang, Head of Communications at Lotte Chemical; Kim Mi-gon, President of the Korea Senior Workforce Development Institute; Lee Young-hoon, Mayor of Michuhol-gu; and Lee Soo-min, Director of Michuhol Senior Club, during the signing ceremony of the MOU for the establishment of the Michuhol-gu ESG Center.
[Photo by Lotte Chemical]

The ESG Center aims to create jobs for seniors and produce upcycled products through plastic resource circulation. Through the senior employment project, plastics will be collected, washed, and sorted locally, then converted into raw materials (yarn and fabric production), followed by upcycling to produce and sell new products.

Profits will be used for creating jobs for local seniors, youth, and women with career interruptions, as well as for center operations. In a small space within the center, ESG forums and environmental education for residents will also be conducted.

Lee Young-hoon, Mayor of Michuhol-gu, said, "This project will create new jobs for seniors and contribute to solving environmental issues in the local community."

Attending the signing ceremony were Choi Young-kwang, Head of Communications Division at Lotte Chemical; Lee Young-hoon, Mayor of Michuhol-gu; Kim Mi-gon, Director of the Korea Senior Human Resources Development Institute; and Lee Soo-min, Director of Michuhol Senior Club.