Lotte Chemical is a Korea-based company engaged in the manufacture of various petrochemical products. It produces three categories of products: naphtha, monomers and polymers. The company is one of Korea’s leading producers of polyolefins like high density polyethylene (HDPE) and polypropylene. Lotte Chemical is a part of Japanese conglomerate Lotte Group, which consists of over 60 businesses that employ over 60,000 people. Lotte was first established in June 1948 in Tokyo, by Shin Kyuk-ho.