Lee Young-jun, president of Lotte Chemical, said on the 2nd, "We will create changes for sustainable growth through innovative activities aimed at pushing forward rapid business restructuring and securing fundamental business competitiveness."
In his New Year's address for 2025, he emphasized, "Based on the capabilities of the Lotte Chemical group, we will confidently create innovation together."
He noted, "We will push ahead with the ongoing business restructuring rapidly and maintain rigorous management centered on cash flow," adding, "While parallelly executing a lengthy transition and effective and validated business transformations, we will induce visible business changes." He further stated, "For new business investments, we will analyze competitive advantages based on business competitiveness and conduct strategic decision-making by examining from market and competitive perspectives."
He also mentioned, "From a global business perspective, we will analyze the supply chain, including the development, production, logistics, inventory, and market sales of chemical materials step by step and set competitiveness innovation goals," promising that functional innovation activities will be pursued across the company.
He emphasized, "We will actively create synergies based on the business capabilities of the Lotte Chemical group and strive to continuously expand the core business areas of the future and strengthen research and development (R&D) capabilities."