PwC provided due diligence services to assess the credit risks of LOTTE Engineering & Construction Co.,Ltd.

PwC Korea team provided due diligence services to assess the credit risks of LOTTE Engineering & Construction Co.,Ltd ("Lotte E&C") arised from a bridge loan guarantee agreement.

Established in 1959, Lotte E&C engages in both domestic and international operations across four core business sectors: residential housing, architecture, civil engineering, and power plants. The company is involved in every phase of construction projects, encompassing planning, design, procurement, construction, project management, post-completion facility operation, financing, and equity participation in development initiatives.

A risk assessment was conducted for Lotte E&C's major construction sites, in accordance with the request of the major loan stakeholders such as the Export-Import Bank of Korea, as part of PwC's repayment feasibility review of the borrowings related to Lotte Chemical's overseas plant construction, the largest shareholder of Lotte E&C.

PwC Korea team provided extensive expertise in the construction industry, complemented by proficiency in debt advisory services, including assessing the viability of capital recovery for financial institutions, government entities, and public sectors, all contributing to delivering the highest quality advisory service.

The PwC team advising on the deal was led by Chang-Yoon Choi, Ji-San Kim and Jin Kim.