Lotte Chemical unveiled a strategy to restructure its basic chemicals business and shift its portfolio toward four growth pillars, it said on Thursday. The company held a CEO Investor Meeting in Seoul on April 16 for major domestic institutional investors. It outlined progress at its Daesan and Yeosu petrochemical operations, with Daesan pursuing a merger with HD Hyundai Chemical and Yeosu awaiting government approval for its final restructuring plan.

Korea Development Bank Chairman Park Sang-jin (박상진) unveiled his management blueprint at his first news conference since taking office, centring on bolstering industrial competitiveness and pushing restructuring. He said finance must help upgrade industry and secure future growth engines as global supply chains are reshaped. Park highlighted a 150 trillion won national growth fund to be operated over five years and a separate 250 trillion won KDB Next Korea programme, while also outlining measures for regional financing and support for petrochemicals restructuring.