韩四大石化企业陷经营困境

Group 1 - The four major petrochemical companies in South Korea are facing ongoing losses and a shortage of funds, with short-term funding usage increasing to approximately 10 trillion KRW over the past two years [1] - The total short-term borrowings due within one year for LG Chem, Lotte Chemical, Hanwha Solutions, and Kumho Petrochemical reached 20.3 trillion KRW in the first quarter of this year, nearly doubling from 11.2 trillion KRW at the end of 2022 [1] - Individual short-term borrowings are as follows: LG Chem at 8 trillion KRW, Hanwha Solutions at 7 trillion KRW, Lotte Chemical at 4 trillion KRW, and Kumho Petrochemical at 4.3 trillion KRW [1] Group 2 - Banks have recognized the downturn in the petrochemical industry and have begun to take measures since last year, including downgrading credit ratings and tightening loan approvals [1] - Experts warn that the petrochemical industry requires investments in the trillions of KRW for large-scale equipment and raw materials, and neglecting the current crisis could extend the impact to banks and other financial institutions [1]