Lotte Chemical Lends 500 Billion KRW to Affiliate Lotte Construction
[Asia Economy Reporter Kwon Jaehee] Lotte Chemical announced on the 20th that it will lend 500 billion KRW to its affiliate, Lotte Construction. This amount corresponds to 3.24% of its equity capital. The loan period is from today until January 18 of next year.
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The company stated, "We have decided to provide a monetary loan for three months to secure the financial stability of Lotte Construction, in which we are the largest shareholder."
This content was produced with the assistance of AI translation services.
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