Lotte Group's year-end reshuffle announced on Wednesday signals a focus on new growth opportunities, placing the third-generation scion at the forefront. The conglomerate, ranked as the country's sixth-largest, has initiated this year's executive reform as it grapples with declining performance in its major subsidiaries. During an annual board meeting, a panel of 38 affiliates appointed 14 new chief ex.
POSCO International and Lotte Energy Materials signed a memorandum of understanding, Wednesday, regarding the former’s supply of 600,000 tons of copper to the latter over the next 10 years. The copper will be used to make foil that covers anode materials in rechargeable batteries.
Three local credit rating agencies are rushing to lower the outlook for Lotte Chemical, Monday, casting doubt over whether the chemical affiliate of Lotte Group spending 2.7 trillion won ($1.8 billion) to buy Iljin Materials, the country s second-largest copper foil manufacturer, was business overreach.