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Industry

Lotte Holdings receives apology letter from Lotte Card after sales sanctions

Lotte Holdings said it received an official apology letter from Lotte Card after financial authorities imposed sanctions on the card issuer. The Financial Services Commission confirmed on July 31 a 1.5-month partial suspension of some of Lotte Card\'s business operations. In the letter, Lotte Card apologised for inconvenience to customers of Lotte Holdings and its affiliates and said it would focus on customer support during the suspension period.

Industry

Lotte Chemicals group diversifies semiconductor materials supply chain, breaks ground on Handuk Chemical Pyeongtaek plant

Handuk Chemical, an affiliate of Lotte Chemicals group, held a groundbreaking ceremony on June 19 for a semiconductor and display developer plant in the Poseung (BIX) district of Pyeongtaek, Gyeonggi Province. The company plans to invest 130 billion won to build production facilities on a 32,216-square-metre site. It will make tetramethylammonium hydroxide (TMAH), used in developing fine circuit patterns. Handuk Chemical plans to expand lines in stages to match customer expansion schedules.

AI & Enterprise

Softfreak wins NIS security function verification for system access control solution

API governance firm Softfreak said on April 28 its system access control solution, i-SeMOS, obtained a security function verification certificate issued by South Korea\'s National Intelligence Service. The company said i-SeMOS integrates account management and password management with system access control functions. Softfreak previously won a GS (Good Software) Grade 1 certification and completed registration on the Public Procurement Service\'s digital service mall. It plans to expand sales in the public sector.