Lotte Confectionery Signs Eco-Friendly Business Agreement with Hansol Paper

On the afternoon of the 26th, at the business agreement ceremony held at the Lotte Confectionery headquarters in Yeongdeungpo-gu, Seoul, Min Myeong-gi, CEO of Lotte Confectionery (left), and Han Cheol-gyu, CEO of Hansol Paper, are taking a commemorative photo. (Photo by Lotte Confectionery)

[Asia Economy Reporter Seungjin Lee] Lotte Confectionery announced on the 27th that it has signed a Memorandum of Understanding (MOU) with Hansol Paper to develop sustainable eco-friendly packaging.

Through this agreement, Lotte Confectionery plans to utilize Hansol Paper's eco-friendly packaging materials in various ways over the next two years, actively promote both companies' brands, and share related information. Additionally, following the 'Cacao Paperboard' developed in February, they will actively cooperate to develop new eco-friendly materials.

In February this year, Lotte Confectionery jointly developed an eco-friendly paper packaging material called 'Cacao Paperboard' using cacao by-products with Hansol Paper and applied it to chocolate product packaging. Lotte Confectionery is the only company in the industry that imports and processes cacao beans directly.

Furthermore, Lotte Confectionery plans to introduce products utilizing various eco-friendly materials such as Hansol Paper's recently developed functional paper 'Protego' and 'PE (Polyethylene) Free Cups.'

Min Myung-gi, CEO of Lotte Confectionery, said, "The two companies, which have built expertise and recognition as industry leaders for over 50 years, have come together as one team with the shared goal of eco-friendliness. I hope that these two companies with many commonalities will become reliable partners on the path to becoming century-old companies."

Meanwhile, Lotte Confectionery declared ESG (Environmental, Social, and Governance) management in July this year and is carrying out the eco-friendly project 'Sweet Eco,' which includes reducing plastic used for packaging by more than 25% by 2025 and converting all business vehicles to eco-friendly vehicles.

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