Summary
LOTTE Corporation is a South Korean conglomerate active in various sectors including food, retail, tourism, services, chemicals, construction, and finance. It manages shopping centers, supermarkets, hypermarkets, and e-commerce platforms, and produces chemical products, aluminum foil, household goods, and more. Lotte also produces beverages and foods, and manages hotels, duty-free shops, resorts, and entertainment facilities.
Timeline
▲Jun. 1948 = established LOTTE Co., Ltd in Japan
▲May. 1958 = established LOTTE Co., Ltd in Korea
▲Nov. 1966 = established Dongbang Arumi Industry
▲Apr. 1967 = established LOTTE Confectionary
▲1968 = established LOTTE Aluminum
▲May. 1973 = established LOTTE Hotel, LOTTE Machine Industry and LC
▲1974 = established LOTTE International and acquired Chilsung Hanmi Beverage (now LC Beverage)
▲1976 = acquired Honam Petrochemical Corp (now LOTTE Chemical)
▲1978 = acquired Samkang Industrial(now LOTTE Foods), established LOTTE Ham/Milk(now LOTTE Foods), acquired Pyeonghwa Engineering & Construction(now LOTTE Engineering & Construction)
▲1979 = established Lotteria, LOTTE Shopping
▲1980 = established LOTTE frozen, acquired Korea Fuji Film, Co.
▲1982 = established Daehong Communications, LOTTE Giants, LOTTE Corporation
▲1983 = established LOTTE Central Research Institute, LOTTE Distribution business headquarters
▲1984 = established LOTTE Hotel Busan
▲May. 1985 = established LOTTE Canon(now Canon Korea Business Solution INC)
▲1988 = established the business headquarters of LOTTE World and opened Lotte Department Store - Jamsil Branch
▲1991 = established LOTTE Station Building Co. Ltd.
▲Aug. 1994 = established LOTTE Welfare Foundation, acquired Korea Seven
▲Nov. 1995 = established LOTTE Capital
▲1996 = established LOTTE Logistics, Lotte Data Communication Company
▲Apr. 1998 = established LOTTE Mart
▲Sep. 1999 = established LOTTE Cinema
▲Jan. 2000 = established LOTTE.com, LOTTE Boulangerie, LOTTE Super
▲2002 = acquired Dongyang Card (now LOTTE Card)
▲2004 = established LOTTE Shopping KKD Division(now Lotteria KKD division), acquired KP Chemical
▲2006 = acquired Woori Home Shopping(now LOTTE Homeshopping)
▲2007 = acquired Korea Fire & Marine Insurance(now LOTTE Insurance)
▲2008 = acquired KI Bank (now LOTTE PS Net)
▲2009 = acquired Doosan Liquor BG(now LOTTE Chilsung Beverage Liquor Division), Mybi, Kirin
▲2010 = acquired Buy The Way, UK’s Artenius PTA/PET, GS Retail stores and discount supermarkets, EB Card, Malaysia’s Titan Chemical (now LOTTE Chemical Titan), China’s LuckyPa, Philippines’ Pepsi(PCPPI), Pasteur Dairy Company, Hyundai Information Technology
▲2012 = acquired Hi Mart(now LOTTE Hi Mart)
▲2013 = acquired Kazakhstan’s Rakhat
▲2015 = established LOTTE Members, acquired US’s the New York Palace Hotel, acquired KT Rental (now LOTTE Rental)
▲2016 = acquired Samsung Fine Chemicals, Samsung BP Chemicals(now LOTTE Fine Chemicals, LOTTE BP)
▲2017 = opened LOTTE World Tower, launched LOTTE Corp.
