Seoul: Lotte Group, one of South Korea's largest conglomerates, announced it has total assets amounting to 139 trillion won (US$99.4 billion) as of last month, effectively dismissing recent liquidity crisis rumors. The company's asset portfolio includes 37.5 trillion won in shares, 56 trillion won in real estate, and 15.4 trillion won in disposable deposits, as per its recent statement.According to Yonhap News Agency, the statement was a response to circulating rumors suggesting a liquidity crisis tied to Lotte's chemical affiliate. Although Lotte Chemical Corp. has experienced a decline in profitability due to a downturn in the petrochemical sector, the group assured that the affiliate possesses adequate liquidity to meet its corporate bond obligations.Lotte Chemical is actively seeking to enhance its cash flow through investment plan adjustments and the restructuring of non-core businesses. As part of these efforts, the company recently decided to liquidate Lotte Ube Synthetic Rubber Sdn. Bhd., its join t venture in Malaysia.Lotte Group emphasized its commitment to maintaining stable management across its affiliates and ensuring sufficient liquidity to uphold financial stability if required.
- October 12, 2026
