# Lotte Chemical and HD Hyundai Chemical merger approved by KFTC

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.

- Type: Acquisition
- Announced: 2026-08-20
- Where: Daesan, South Korea
- Status: announced
- Products: LDPE, EVA
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Lotte Chemical](https://endata.com/companies/2025.md)
- [HD Hyundai Oilbank](https://endata.com/companies/80674.md) (partner)
- [HD Hyundai Chemical](https://endata.com/companies/93722.md) (target)
- [Lotte Daesan Petrochemical](https://endata.com/companies/93723.md) (partner)

## Sources

- [news.chemnet.com](https://news.chemnet.com/news-8985.html), 2026-08-21: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.