"Health and Eco-Friendly Energy" Lotte Accelerates New Growth Business

Lotte Healthcare is exploring businesses covering overall health through collaboration with group companies such as Lotte Central Research Institute.

Lotte's new growth engine is gaining momentum. Following urban air mobility (UAM) and the metaverse, the company is also entering the healthcare business. Collaboration and investment with external organizations continue in the hydrogen and battery materials sectors.

Lotte Holdings recently decided to invest 70 billion KRW to establish 'Lotte Healthcare' and announced plans to actively build a healthcare platform and expand investments. Lotte Healthcare aims to provide a service of "a new healthy lifestyle that accurately understands my body" across all areas including diagnosis, prescription, and management. Based on customer health data, it aspires to be a platform covering overall wellness without limiting to specific areas such as health functional foods or exercise. Investments and collaborations are also being pursued to secure competitive expertise from specialized institutions in areas like genetic diagnosis and personalized prescriptions. The company is also planning global expansion through offline centers that can be linked with the platform.

Last July, Lotte Chemical announced an eco-friendly hydrogen growth roadmap, which includes supplying 30% of domestic hydrogen demand. The announcement also included plans to invest approximately 4.4 trillion KRW step-by-step by 2030 to achieve about 3 trillion KRW in sales and an operating profit margin of around 10%. Currently, Lotte Chemical is responsible for 70,000 tons out of the approximately 230,000 tons of hydrogen distributed domestically. In January, Lotte Chemical announced it would develop a clean hydrogen business in Malaysia in collaboration with Samsung Engineering and POSCO. They plan to build plants in the Sarawak region producing 630,000 tons of green ammonia, 600,000 tons of blue ammonia, 460,000 tons of green methanol, and 7,000 tons of green hydrogen annually. The company expects this to contribute to achieving the domestic carbon neutrality goal and revitalizing the hydrogen economy.

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