Lotte Commits Funding Support for Lotte Biologics Loans of KRW 282.5 Billion

Bitget2026/10/22 08:39

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Lotte Corporation’s board resolved on Oct. 22, 2026, to provide funding support for subsidiary Lotte Biologics’ borrowings.
The commitment covers KRW 282.5 billion in loan principal, plus interest, fees and other financing costs.
The principal represents 3% of consolidated equity.
Funding support will cover repayment shortfalls until the loans are fully repaid, expected by November 2029.
Lotte Biologics plans to borrow from HSBC and other financial institutions from late October through December 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lotte Corporation published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261022800609), on October 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Lotte Commits Funding Support for Lotte Biologics Loans of KRW 282.5 Billion

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