Lotte Chemical received an early repayment of 500 billion won in loans from Lotte Engineering & Construction

Lotte Chemical received an early repayment of 500 billion won in loans from Lotte Engineering & Construction: COMPANY / Reporter Kim Jisun / 2023-01-07 01:44:16

This article is translated by AI company Flitto and Alpha Biz neural machine translation

Photo = Lotte Chemical homepage

Lotte Chemical announced on the 6th that it received an early repayment of 500 billion won in loans for the stability of its affiliate Lotte Engineering & Construction's fund management.

Lotte Chemical previously lent 500 billion won to Lotte Engineering & Construction on October 20 last year for a three-month period. This time, it will be repaid early ahead of the repayment period.

An official from Lotte Chemical said, "The early repayment of loans from affiliates will enable more stable fund management, so we will continue to invest in new businesses such as hydrogen and battery materials as planned."