The story
History
Lotte Chemical was established as Honam Petrochemical in 1976 and became part of Lotte Group after three years. After being integrated into Lotte, the company acquired various companies for business expansion. In 2010, Honam took over Malaysia's Titan Chemicals for US$1.27 billion to expand its business to the Southeast Asian market. In 2012, Honam merged with KP Chemical and was renamed Lotte Chemical. Lotte Chemical acquired Samsung's chemical businesses, including Samsung SDI's chemical unit, Samsung Fine Chemicals, and Samsung BP Chemicals for 3 trillion won in 2016.
On November 12, 2025, PTA Global Holding Limited acquired the LOTTE Chemical Pakistan Limited (PSX: LOTTE), Pakistan's sole producer of purified terephthalic acid (PTA). This acquisition marks the full exit of Lotte Chemical Corporation from the Pakistani market, concluding its ownership that began in 2009.
In July 2026, the Korean government approved a petrochemical industry restructuring plan that includes the integration of Yeochun NCC and Lotte Chemical's Yeosu operations, along with the reduction of NCC production capacity.
History slogans
Honam Petrochemical Creating a prosperous future through petrochemical industry (1983)
Honam Petrochemical creates new technologies through advanced research and development (1994 ~ 1996)
Life value Creator (2012 ~ 2018)
The Global Player (2018 ~ 2019)
Chemizing Thoughts into the Future (2019 ~ 2021)
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Adding Momentum to the World with Chemistry (2021 ~ Present)
From Wikipedia’s article on Lotte Chemical, shared under CC BY-SA 4.0.4