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Lotte Corporation is undergoing a structural overhaul to boost competitiveness using AI. Lotte Chemical is investing 30 billion won in a new factory in Yeosu, South Korea, to produce highly functional materials.

The facility will be the largest in Korea, with a capacity of 500,000 tons per year. Lotte Innovate is developing a Robot as a Service model and launched AX Lab 3.0, a convenience store with humanoid robots. The company aims to transform its operations and markets by 2027.