LOTTE CHEMICAL CORPORATION, formerly HONAM PETROCHEMICAL CORPORATION, is a Korea-based company engaged in the manufacture of petrochemical products. The Company produces two categories of products: monomers and polymers. Its monomers include ethylene, propylene, butadiene, benzene, toluene and xylenes (BTX), pure terephthalic acid (PTA), ethylene oxide adduct (EOA), ethylene oxide glycol, styrene monomer and others. Its polymers include high density polyethylene (HDPE), low density polyethylene, linear low density polyethylene, polypropylene, polyethylene terephthalate (PET) and others. The Company distributes its products within domestic market and to overseas markets. As of December 31, 2012, the Company had 78 affiliated companies. On December 27, 2012, the Company merged with KP Chemical Corporation, a Korea-based company engaged in the manufacture of petrochemicals. After the merger, the Company survived and KP Chemical Corporation was dissolved.