Lotte Chemical Publishes First Ever 'Win-Win Growth Report' Since Establishment

[Asia Economy Reporter Hwang Yoon-joo] Lotte Chemical has published the '2019 Lotte Chemical Win-Win Growth Report' for the first time since its establishment.

On the 11th, Lotte Chemical announced that it has established a win-win growth fund worth a total of 135 billion KRW in collaboration with IBK Industrial Bank of Korea, providing loans totaling 112.6 billion KRW to 184 partner companies at interest rates lower than market rates (as of December 31, 2019), thereby supporting the stable management and convenient fund operation of its partners.

The published report details efforts such as the win-win growth strategy, last year's achievements, and mutual cooperation with partners and collaborators. It also includes cases where excellent partners were actively supported in expanding overseas when constructing production facilities in Malaysia, Uzbekistan, and the United States, laying the groundwork for entry into the global market, and supporting early settlement in overseas markets through steady sales growth.

CEO Kim Gyo-hyun stated in the foreword, "As a responsible member of society, Lotte Chemical will do its utmost to create social value and become a company that envisions a future together."

Meanwhile, Lotte Chemical has been operating a compliance program to foster a fair trading culture with its partners since 2006, and in 2019, it acquired ISO 37001 certification for its anti-corruption management system.

This content was produced with the assistance of AI translation services.