Chemical

LOTTE unites 260 leaders to accelerate strategic shift toward high-value materials biz

The gathering was framed as a strategic response to fast-shifting business conditions

  • By ICN Bureau | May 26, 2026
LOTTE Chemical Group brought together roughly 260 executives and team leaders from across its chemical affiliates for its 2026 Leadership Summit held recently.
 
The gathering was framed as a strategic response to fast-shifting business conditions, with a clear focus on identifying breakthroughs and redefining leadership for an era of industry transformation.
 
The morning session centered on external lectures examining how leadership has evolved across different eras. 
 
Speakers emphasized the need for flexible thinking and new behavioral standards for leaders navigating industrial restructuring, rapid technological change, and global uncertainty—prompting participants to reassess what effective leadership looks like today.
 
In the afternoon, attention shifted inward, with presentations aimed at strengthening cohesion across the chemical group and aligning on future strategy. 
 
The program opened with a review of current business conditions and the group’s strategic roadmap, followed by presentations from Joo Woo-hyun and Chung Seung-won, who outlined each company’s direction and delivered leadership messages directly. 
 
The sessions reinforced internal alignment and deepened consensus across affiliates. The summit concluded with an encouraging address from Lee Young-jun to executives and employees.
 
Lee Young-jun of the company, stated, “We will continue transforming our portfolio by increasing the share of strategic materials businesses to more than 60% after 2030 through restructuring of the basic materials business, expansion of functional materials, and development of future growth businesses." 
 
“Let us firmly maintain our position as a core company in Korea’s chemical industry based on differentiated products and technological capabilities.” He further emphasized, “Let us accelerate efficient business operations and transformation toward a high-value-added business structure through unwavering and strong leadership.”
 
The group said it will continue to share management updates transparently and maintain close communication with employees as it advances its long-term vision and strategic goals.

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