LOTTE Chemical has said that it has signed an “Agreement to Strengthen the Cooperative Enterprise Ecosystem” with the Korea Commission for Corporate Partnership and its small and medium-sized enterprise partners, committing to deepen win-win cooperation and curb industrial polarization.

 

Under the deal, LOTTE Chemical will roll out a ₩247.3 billion shared growth support program over the next three years, tailored to the petrochemical industry and designed to strengthen the competitiveness of partner SMEs.

 

The package includes about ₩230 billion in financial support, such as shared growth funds and credit guarantee assistance. 

 

An additional ₩17 billion will be invested in programs to drive technological innovation, improve productivity, and support overseas market expansion—measures aimed at boosting SMEs’ wage-paying capacity. The company will also provide wage and welfare support for employees of partner firms.

 

LOTTE Chemical said the agreement will further reinforce transparency and fairness in its partnerships by adhering to fair trade practices and payment standards. Implementation will be closely tracked through regular monitoring, working-level consultative bodies, information sharing, and satisfaction surveys.

 

The company has positioned itself as a long-time leader in shared growth with SMEs. It previously signed the “Innovation-Driven Wage Gap Reduction Agreement” in 2019 and the “Voluntary Agreement for Polarization Alleviation” in 2022 with the Korea Commission for Corporate Partnership. 

 

In 2024, LOTTE Chemical won the Grand Prize in the “Voluntary Agreement for Polarization Alleviation” category at the Korea Shared Growth Awards for its role in narrowing wage gaps and promoting mutual growth.

 

LOTTE Chemical has also earned the highest rating in the Shared Growth Index for three consecutive years, underscoring its ongoing push for win-win management and a more sustainable industrial ecosystem.