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Industry
Lotte Chemical steps up shift to profit-focused portfolio
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.
Finance
NH Nonghyup Bank launches back-to-school account opening event for teens
NH Nonghyup Bank said on March 3 it will run a back-to-school promotion for youth customers from March 3 to April 30. Under the “Teens-only back-to-school checklist” event, elementary, middle and high school students who sign up on NH All One Bank for demand deposits or savings products are automatically entered. A lottery will award 10,000-won Olive Young vouchers to 1,000 winners, with an additional voucher for those opening both types.
Finance
Bank of Korea likely to raise 2026 growth forecast to 1.9 to 2.0 percent; focus on U.S. tariff assessment
The Bank of Korea is expected to raise its 2026 real GDP growth forecast to 1.9 to 2.0 percent from 1.8 percent in revised projections due on Feb. 26, analysts said. They cite a strong semiconductor cycle, improving exports, recovering domestic demand and wealth effects from higher share prices. Views differ on the impact of a U.S. Supreme Court ruling voiding reciprocal tariffs and President Donald Trump’s warning of a new 10 percent tariff. Inflation is expected to stay around 2.1 percent.
