1

LOTTE Chemical

#4609

Rank

$1.68B

Marketcap

South Korea

Country

LOTTE Chemical
Leadership team

Mr. Gyo Hyun Kim (Pres, CEO & Representative Director)

Mr. Nak-Seon Sung (Deputy MD, Director of Global Operations Department & Director of Ethics Management Department)

Mr. Sung-Taek Cho (Deputy MD & Director of Financial Accounting Department)

Products/ Services
Chemical, Manufacturing
Number of Employees
1,000 - 20,000
Headquarters
Seoul, Seoul-t'ukpyolsi, South Korea
Established
1976
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
011170.KS
Social Media
Overview
Location
Summary
Lotte Chemical Corporation, a chemical company, manufactures and distributes polymers, monomers, basic petrochemical products, and megatrend products. The company operates through Monomer, Polymer, Basic Petrochemicals, and Others segments. It offers polymer products, including high density, low-density, and linear low-density polyethylene, as well as ethylene-vinyl acetate; transparent-impact resistance polypropylene, as well as polypropylene for injection and blow molding, yarns/fibers, and films; thermoplastic elastomers, adhesive resins, thermoplastic olefins, long fiber reinforced thermoplastics, and expanded polypropylenes; polycarbonates, polycarbonate resins, and acrylonitrile-butadiene-styrene resins; and polyethylene terephthalates. The company also provides monomers, such as ethylene glycols/ethylene oxides; methoxy polyethylene glycols and polyethylene glycols, as well as VPEG, a raw material for third generation admixtures; glycole ethers; methyl methacrylates; purified isophthalic acids; and purified terephthalic acids. In addition, it offers basic petrochemicals comprising benzene, toluene, mixed xylene, meta-xylene, para-xylene, and ortho-xylene, as well as isoprene, dicyclopentadiene, piperylene, and styrene monomers; and water treatment membranes. Further, the company provides property lease and labor dispatch services. It conducts operations in the Republic of Korea, Malaysia, the United States, Pakistan, China, and other regions. The company was formerly known as Honam Petrochemical Corporation and changed its name to Lotte Chemical Corporation in December 2012. Lotte Chemical Corporation was founded in 1976 and is headquartered in Seoul, South Korea.
History

Lotte Chemical was established as Honam Petrochemical in 1976 and became part of Lotte Group after three years. After being integrated into Lotte, the company acquired various companies for business expansion. In 2010, Honam took over Malaysia's Titan Chemicals for US$ 1.27 billion to expand its business to the Southeast Asian market. In 2012, Honam merged with KP Chemical and was renamed Lotte Chemical. Lotte Chemical acquired Samsung's chemical businesses, including Samsung SDI's chemical unit, Samsung Fine Chemicals, and Samsung BP Chemicals for 3 trillion won in 2016.

Mission
At LOTTE Chemical, we are driven to deliver products and solutions that significantly contribute to the progress and welfare of mankind
Vision
We strive to be the world’s best chemistry company and through innovative and sustainable growth to be a leading provider of advanced materials and integrated solutions
Key Team

Mr. Sung-Ki Kim (Deputy MD & Director of Legal Affairs Department)

Mr. Yoon-Seok Kim (Deputy MD and Director of HR Department & Purchasing Department)

Mr. Bu-Ok Jung (Sr. MD & Head of Polymer Division)

Mr. Young-Moon Mo (MD & Head of Monomer Bus. Division)

Mr. Myung-Jin Jeon (MD, Head of Production Division & Yeosu Factory Mang.)

Mr. Nam-Sik Choi (Sr. Managing Director)

Mr. Joo-Seok Ahn (Sr. Managing Director)

Recognition and Awards
LOTTE Chemical has been honored for its excellence in leadership, innovation, and ethical behavior. We have won the DATTA Award from the Korean Government in 2018, the CSR Leadership Award from Korean Business Leaders in 2019, and the Best Supplier Award in 2020 from Hyundai Motor Company.
References
LOTTE Chemical
Leadership team

Mr. Gyo Hyun Kim (Pres, CEO & Representative Director)

Mr. Nak-Seon Sung (Deputy MD, Director of Global Operations Department & Director of Ethics Management Department)

Mr. Sung-Taek Cho (Deputy MD & Director of Financial Accounting Department)

Products/ Services
Chemical, Manufacturing
Number of Employees
1,000 - 20,000
Headquarters
Seoul, Seoul-t'ukpyolsi, South Korea
Established
1976
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
011170.KS
Social Media