Lotte Chemical's hefty bonus irks shareholders
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Lotte Chemical is facing shareholder backlash over its plan to reward employees at its naphtha cracking center (NCC) in Seosan, South Chungcheong Province, with their transfer to a new company created under the government-led restructuring of the domestic petrochemical industry. Citing the petrochemical firm’s mounting losses, minority shareholders questioned whether the company can afford the additional labor costs. According to industry officials Monday, Lotte Chemical recently notified NCC wo
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