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The economy is also not good, but in the aftermath of the Legoland incident, large corporations are also having a hard time with their money line blocked.

In Lotte, the chairman paid his personal money to solve the financial difficulties of affiliates, and there are places where he sells real estate to secure cash.



This is reporter Jung Hye-jin's report.



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Lotte Group replaced the CEO of Lotte Construction today (23rd).



It is interpreted because of the rumor of a financial crisis in Lotte Construction that has spread in the market.



[Hwang Se-woon/Research Fellow, Capital Market Research Institute: With the possibility of a recession lasting for the next year or the year after, it is quite difficult for construction companies to raise funds from the corporate bond market or short-term funds market.]



In fact, Lotte E&C is borrowing big money here and there.



We borrowed 900 billion won from Lotte Chemical, Fine Chemicals, and Home Shopping, and recently issued new stocks to bring in about 170 billion won.



Lotte Chemical and Hotel Lotte, as well as chairman Shin Dong-bin, bought stocks worth 1.1 billion won with personal money.



In this way, the amount received from affiliates and financial institutions amounted to 1.45 trillion won.



Lotte Chemical, which lent a lot of money to Lotte Construction, is also in a position to issue stocks worth 1.1 trillion won to raise operating expenses and corporate acquisition funds.



An official from Lotte E&C said, "Since the capital market has not yet normalized, we are taking preemptive measures such as borrowing funds for a stable financial structure."



SK, second in the business world, also issued a long-term corporate note worth 200 billion won for the first time earlier this month.



Hyosung, Kolon, and Hanjin also raised cash by selling real estate.



[Ju Won/Head of Economic Research Department, Hyundai Research Institute: Due to inflation, interest rates are high, so there is a possibility that financing, especially cash flow, will be significantly strained, and until the first half of next year, large corporations will (I think) focus on securing cash.



] If the trend continues, even blue-chip companies may run out of funds at the moment, so securing cash to deal with the crisis is becoming more important.



(Video editing: Jo Moo-hwan)