LG Life Sciences Launches Preemptive Bidding for Haitai HTB by July 24; Company Valued at 300 Billion Won

According to Maeil Business Newspaper, LG Life Sciences launched preemptive bidding for its beverage subsidiary Haitai HTB next week, with the company valued at approximately 300 billion Korean won. Interested buyers must submit letters of intent by July 24. The transaction is expected to attract multiple strategic investors and financial institutions.

Haitai HTB recorded 374.1 billion won in revenue last year, down 10% from 414 billion won in 2024. The company swung from 3.5 billion won in operating profit in 2024 to a 10 billion won operating loss in 2025. LG Life Sciences is divesting the non-core beverage business to strengthen its core beauty segment amid rising competition from emerging players.