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.

Hanwha Solutions approved a 2.4 trillion won rights issue to overhaul its financial structure and pre-empt pressure on its credit rating by directly repaying debt. Of the proceeds, 1.5 trillion won will be used to redeem bonds, commercial paper and credit lines maturing this year, targeting a consolidated debt ratio below 150 percent by year-end. The remaining 900 billion won will fund solar technology investments over three years. The company also disclosed a 2026-2030 shareholder return policy.