Lotte Chemical Establishes ESG Fund Worth 50 Billion KRW
[Asia Economy Reporter Minwoo Lee] Lotte Chemical announced on the 24th that it has decided to invest 49.5 billion KRW in cash to establish an ESG (Environmental, Social, and Governance) fund. The fund is planned to be operated with a total size of 50 billion KRW, with Lotte Ventures, which invested 1%, acting as the general partner (GP), and Lotte Chemical participating as a limited partner (LP).
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The company explained, "The fund was established to discover and invest in innovative companies in the carbon neutrality sector."
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