Lotte Chemical Corporation (KOSE:A011170) announces a share repurchase program. Under the program, the company will repurchase up to KRW 50,000 million worth of its shares pursuant to a trust agreement with Samsung Securities Co., Ltd. The purpose behind the program is to stabilize the stock price and to enhance shareholder value. The program will continue until February 8, 2023.

As of July 26, 2022, the company had no shares in treasury through buyback within dividend capacity or through other acquisitions.