The Lotte Group has expressed concerns about liquidity deterioration, with total assets of 139 trillion won and stock values of 37.5 trillion won as of last month. They reassured that there are no issues with the repayment of corporate bonds at Lotte Chemical, despite concerns about liquidity crisis. Lotte Group emphasized maintaining stable liquidity with total assets of 139 trillion won and stock values of 37.5 trillion won. They also mentioned efforts to improve the financial structure and operational efficiency throughout the group.
In response to recent liquidity concerns, Lotte Group confirmed that Lotte Chemical has sufficient liquidity to meet bond repayments. They are implementing various measures to optimize operations and cost savings. Lotte Group plans to maintain stable management and secure sufficient liquidity through collaboration with subsidiaries.
Lotte Holdings also emphasized their commitment to improving the group’s financial structure and profitability-oriented management. They plan to carry out restructuring and divestment of non-core businesses according to the Asset Light strategy. Lotte Group aims to ensure stable operations and resolve any issues related to the current situation.
On the stock market, Lotte Holdings and Lotte Chemical ended the day with gains, while Lotte Shopping closed nearly flat. This recovery came after rumors of a liquidity crisis caused a drop in Lotte Group’s stocks. Lotte Group refuted rumors of a liquidity crisis and potential defaults, stating that such claims are baseless.
As rumors circulated about Lotte Group’s liquidity crisis, concerns grew; however, the company clarified that these rumors were unfounded. Lotte Group is taking steps to address any concerns and maintain stability amidst the current situation.