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The Korea Fair Trade Commission conditionally approved the merger of Lotte Chemical's Daesan plant business (spun off as Lotte Daesan Petrochemical) with HD Hyundai Chemical, creating a new entity focused on LDPE and EVA production.
“On August 20, the Korea Fair Trade Commission (KFTC) officially conditionally approved the 'Daesan 1' petrochemical business merger project between Lotte Chemical and HD Hyundai Chemical.”news.chemnet.com
Summarized from public sources; check the original articles before acting on it.