Seoul rolls out W2.1tr for petrochemical restructuring

The Korean government on Wednesday unveiled 2.1 trillion won ($1.46 billion) in financial support for the country’s first petrochemical restructuring, backing an overhaul of the Daesan complex between Lotte Chemical Corp. and HD Hyundai Chemical to accelerate broader industry self-rescue efforts. The Ministry of Trade, Industry and Resources announced the package at a ministerial meeting on strengthening industrial competitiveness, alongside policy measures tied to the project. “The government a

By The Korea Herald