Lotte Chemical conducts product risk assessment first time in Korea
Seo-Woo Jang
Jan 10, 2023 (Gmt+09:00)
Lotte Chemical's ABS Lotte Chemical Corp. said on Tuesday that it is conducting a risk assessment for its products for the first time in the domestic chemical industry.
Risk assessment refers to the comprehensive analysis of the substances contained in a product to measure the effects on the human body and the environment.
Lotte Chemical decided to first conduct a risk assessment on three product groups, including high-value-added synthetic resin (ABS) materials that are applied as interior and exterior materials for home appliances such as air conditioners and refrigerators.
The company explained that it is the first time for a domestic company to conduct a risk assessment on its own products.
Lotte Chemical will conduct a risk assessment using a program developed by the Ministry of Environment and the National Institute of Environmental Research.
The results of the evaluation will be published in the form of a report in the first half of this year and posted on its website's product page.
"We will gradually expand the range of products subject to evaluation in the future and actively utilize the results to develop products and materials that consumers can use with confidence," said an official of Lotte Chemical.