Lotte Chemical Corp - Company Profile
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Lotte Chemical Corp (Lotte Chemical) is engaged in the production and distribution of a wide range of chemical products. The company's main activities include the manufacturing of basic chemicals, advanced materials, and fine chemicals. Its major products encompass polymers, monomers, basic petrochemicals, advanced materials, and battery materials. The brands associated with Lotte Chemical include ECOSEED, which focuses on recycled materials. The company's products serve various industries, including construction, home appliances, textiles, energy, medical devices, and automotive sectors. Lotte Chemical collaborates with subsidiaries within the Lotte Group and other companies possessing core technologies to enhance its distribution network. The company operates in multiple geographic locations, targeting both domestic and international markets. Lotte Chemical is headquartered in Seoul, South Korea.
Headquarters
South Korea
Address
14F-16F, Lotte World Tower, 300, Olympic-Ro, Songpa-Gu, Seoul, 05551
Website
www.lottechem.com
Telephone
82 2 8294114
No of Employees
2,741
Industry
Chemicals
Ticker Symbol & Exchange
011170 (KRX)
Revenue (2024)
$15.0B
2.4%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-3318.1%
(2024 vs 2023)
Market Cap*
$1.8B
Net Profit Margin (2024)
XYZ
-3,248.0%
(2024 vs 2023)
* As of and is in US$
Products and Services
| Products | Brands |
|---|---|
| Basic Chemicals: | LOTTE Chemical |
| Ethylene | |
| Propylene | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Plans/Strategy | In November, the company announced its plans to merge part of its naphtha-cracking facilities with HD Hyundai Chemical. |
| 2025 | Corporate Changes/Expansions | In November, the company opened a new petrochemical facility in Cilegon, Banten, Indonesia. |
| 2025 | Stake Sale | In November, the company sold a 78.74% stake in Lotte Chemical Pakistan Limited to PTA Global Holding Limited. |
Competitor Comparison
| Key Parameters | Lotte Chemical Corp | LG Chem Ltd | S-Oil Corporation Inc | PTT Global Chemical Public Co Ltd | Kumho Petrochemical Co Ltd |
|---|---|---|---|---|---|
| Headquarters | South Korea | South Korea | South Korea | Thailand | South Korea |
| City | Seoul | Seoul | Seoul | Bangkok | Seoul |
| State/Province | Seoul | Seoul | - | Bangkok (Krung Thep Maha Nakhon) | Seoul |
| No. of Employees | 2,741 | 14,280 | 2,865 | 11,058 | 1,281 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Shin Dong-bin | Chairman; Chief Executive Officer | Executive Board | 2025 | - |
| Lee Young-jun | Chief Executive Officer; President | Executive Board | 2024 | - |
| Sung Nak-sun | Chief Financial Officer; Director | Executive Board | - | - |
| Hwang Min-jae | Chief Executive Officer - Advanced Materials Division, LOTTE Chemical; Director; Vice President | Executive Board | 2025 | - |
| Cho Woon-hang | Director | Non Executive Board | 2022 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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