Yeochun NCC Board Approves 300 Billion KRW Support from DL and Hanwha

Major Shareholders Commit to Normalization Through Capital Support
DL Chemical: "Doing Our Best for Yeochun NCC's Competitiveness"
Task Force Team Launched to Develop Measures for Self-Sufficiency

Yeochun NCC, which has halted operations at its third plant amid a downturn in the petrochemical industry, will receive an emergency capital injection of 300 billion KRW from its major shareholders. This move is seen as more than just a liquidity boost; it is widely regarded as a form of 'responsible management' aimed at normalization and enhancing competitiveness.

According to DL Chemical, Yeochun NCC held a board meeting on August 18 and approved an agenda item titled 'Approval of Borrowing Funds from Shareholder Companies.' As a result, major shareholders DL Chemical and Hanwha Solutions have each agreed to lend 150 billion KRW to Yeochun NCC, for a total of 300 billion KRW.

DL Chemical commented on the support, stating, "As a major shareholder, we are committed to practicing responsible management and will do our utmost to help Yeochun NCC achieve normalization and secure competitiveness."

Additionally, DL Chemical announced that, together with Hanwha Solutions, it will utilize a jointly operated task force team (TFT) to conduct a thorough analysis of Yeochun NCC's management situation and implement practical measures to strengthen its competitiveness and ensure its self-sufficiency.

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