The Kospi stock index added 0.37% to close at 2,548,39 on Wednesday MSCI, a global index compiler, said on Wednesday it has removed 11 stocks, including Lotte Chemical Corp., from its Korea index without any additions. Analysts warn the rebalancing could trigger outflows of 1.1 trillion won ($7
Lotte Chemical Pakistan Ltd.'s plant and employees (Courtesy of LCPL) Lotte Group, South Korea’s sixth-largest conglomerate, is speeding up its business streamlining efforts amid mounting debts as it has moved one step closer to selling off its chemical unit in Pakistan in a third attempt
LG Chem's petrochemical complex in Yeosu, South Jeolla Province (File photo) South Korea’s petrochemical producers are set to issue corporate bonds to take advantage of ample liquidity at the beginning of the year amid an industry downturn.SK Incheon Petrochem Co., wholly owned by the cou
Lotte Chemical's petrochemical complex in Yeosu National Industrial Complex, South Jeolla Province South Korea will ease regulations and offer incentives to facilitate the restructuring of domestic petrochemical makers battling a global supply glut and overcapacity in China and the Middle
Lotte Chemical's petrochemical plant in Seosan, South Chungcheong Province (Courtesy of Lotte) South Korea’s No. 2 petrochemicals maker Lotte Chemical Corp. has taken a hit from a lowered credit-rating outlook of the company and its major affiliates stemming from a worsening financial con
Lotte Chemical Titan's petrochemicals facility Lotte Chemical Corp., South Korea’s No. 2 petrochemicals company, has embarked on the process of selling its Malaysian unit Lotte Chemical Titan Holdings. Meanwhile, its rival LG Chem Ltd. is in talks with Kuwait Petroleum Corp. to sell a sta
Kumho Petrochemical headquarters building in Seoul, South Korea Park Chul-whan, the nephew of Kumho Petrochemical Co.'s former Chairman Park Chan-koo, has launched a proxy fight jointly with an activist fund, fueling speculation that the company’s former senior vice president is readying
South Korea’s Lotte Chemical Corp. has sold its entire stakes in joint ventures with Chinese partners as the Korean company faces a supply glut amid weak demand in the world’s second-largest economy.The petrochemical unit of Lotte Group, Korea’s fifth-largest conglomerate, re
LG Chem plans to offload marginal businesses South Korea’s LG Chem Ltd. is speeding up restructuring efforts to sell or downsize uncompetitive businesses, with an aim to focus on three growth drivers: battery materials, eco-friendly businesses and new drug development.Earlier this month,
Lotte Chemical's Daesan plant in South Chungcheong Province, Korea (Courtesy of Lotte Chemical) South Korea's top petrochemical firms raised 2.6 trillion won ($2.1 billion) via corporate bond sales and rights offering earlier this month to gird for worsening economic conditions. Lotte Chemical