LOTTE GS Chemical Co announced that it will issue 8,000,000 common shares at an issue price of KRW 5,000 per share for gross proceeds of KRW 40,000,000,000 on July 21, 2021. The transaction included participation from returning investor Lotte Chemical Corporation to retain its 51% stake in the company. The face value of the shares is KRW 5,000 per share. The transaction was approved by the board of directors of the company. The company is raising funding through shareholder allocation increase method. The payment date is on August 31, 2021.