News
02 March 2026

Korea devises $1.45bn support package for petchem restructuring

In:
Oil & gas
Region:
Asia-Pacific

South Korea has set out a KRW2.1 trillion ($1.45 billion) financial package to support a restructuring by Lotte Chemical and HD Hyundai Chemical at the Daesan industrial complex. The government said the Daesan initiative is the first authorised project under a broader self-rescue plan for the...

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