[롯데케미칼 NCC 재편] 분할 효과 이제 시작, 합병이 본게임

Lotte Chemical executes a major financial restructuring through asset separation, transferring 1.6 trillion won in debt to a new subsidiary while retaining liquid assets and equity in the parent company, reducing its net leverage ratio from 41.7% to 26.9%. The September merger with Hyundai Chemical—where Lotte will shift to 50% ownership and equity method accounting—will further alleviate consolidated balance sheet burden and help resolve its current debt covenant waiver status. This strategic move is part of broader government-led petrochemical industry consolidation.