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Lotte Chemical posts 110.1 billion won Q2 operating profit, returns to profit year on year

Lotte Chemical posted second-quarter operating profit of 110.1 billion won on revenue of 5.69 trillion won, returning to profit from a year earlier. Revenue rose 39.2 percent and operating margin improved to 1.9 percent. The company cited production optimisation and profitability-focused operations amid supply chain uncertainty. Advanced materials posted 132.5 billion won operating profit. The firm is pursuing restructuring centred on its Daesan and Yeosu plants and advancing a Yulchon compounding plant.

Industry

Shinsung E&G posts 3.1 billion won Q2 operating profit, returns to black

Shinsung E&G said on Thursday it posted a second-quarter consolidated operating profit of 3.1 billion won on revenue of 201.8 billion won, returning to profit from an operating loss a quarter earlier. Revenue rose 44.2 percent from a year earlier. Operating profit fell 8.8 percent from a year earlier, and the net loss narrowed to 2.2 billion won. First-half operating profit was 800 million won on revenue of 355.4 billion won.

Crypto

Stablecoin payments are not just about sending funds; key is local currency and FX settlement

As stablecoin payments move into mainstream financial infrastructure, the ability to secure local currency liquidity and handle foreign-exchange settlement is becoming a key competitive factor. Visa’s new stablecoin platform lets banks, fintechs and payment firms hold, transfer and redeem stablecoins in its environment. But broader adoption may depend less on moving tokens and more on converting funds into the recipient’s desired currency within existing FX rules and settlement systems.