#Lotte

Total Articles:
29
Lotte Shopping eyes turnaround as Shin Dong-bin rejoins board after 5 years
Lotte Shopping eyes turnaround as Shin Dong-bin rejoins board after 5 years
Lotte Group Chairman Shin Dong-bin has rejoined Lotte Shopping as an internal director after five years. With the retail sector facing difficulties, the industr...
2025.03.24(Mon)
|Choi Hyo-jung, Kim Seo-young
Lotte E&C seeks to sell headquarters to address liquidity crisis
Lotte Engineering & Construction (Lotte E&C) is working to raise around 1 trillion won ($694 million) through asset sales, including its headquarters, a...
2025.02.27(Thu)
|Jung Hae-yong, Kim Seo-young
DL, KT, Lotte sell off hotels amid soaring prices and demand
DL, KT, and Lotte are selling their hotel assets amid a surge in foreign tourists, fueled by the global rise of K-content. These companies are liquidating real ...
2024.12.13(Fri)
|Shin Su-ji, Kim Seo-young
AI tools transform workplace dynamics in Korean conglomerates
Senior Manager Kim, part of LG Chem’s Corporate Social Responsibility (CSR) team, has embraced the company’s recently launched artificial intelligence (AI) serv...
2024.12.13(Fri)
|Park Soon-chan, Kim Mi-geon
Lotte Hotel to sell assets to tackle debt crisis, IPO delayed indefinitely
Lotte Hotel, the cornerstone of the Lotte Group’s governance structure, has initiated asset securitization to address mounting liquidity concerns. The company p...
2024.12.05(Thu)
|Kim Eun-young, Lee Jae-eun
Lotte Shopping struggles with six years of financial strain
Lotte Shopping Co. has faced a prolonged financial strain, unable to cover its financial expenses with its earnings for six consecutive years, according to rece...
2024.12.04(Wed)
|Yeon Ji-yeon, Kim Mi-geon
Lotte takes legal action against false liquidity crunch claims
Lotte Group, one of South Korea’s major conglomerates, has filed a police complaint seeking punitive action against individuals accused of fabricating and sprea...
2024.12.02(Mon)
|Shin Jee-in, Kim Mi-geon
Lotte replaces one-third of CEOs in historic shakeup
Lotte Group, South Korea’s sixth-largest conglomerate, announced that it replaced the CEOs of 18 out of its 58 subsidiaries in its annual reshuffle on Nov. 28. ...
2024.11.29(Fri)
|Seok Nam-jun, Kim Yunju, Lee Jae-eun
Lotte announces leadership reshuffle, promotes Shin Yoo-yeol to vice president
Lotte Group unveiled its annual executive appointments on Nov. 28, introducing significant leadership changes aimed at streamlining operations and driving organ...
2024.11.28(Thu)
|Kim Yun-ju, Kim Mi-geon
S. Korean logistics giants see overseas profits surge
The overseas earnings of major South Korean logistics firms surged in the third quarter, buoyed by higher sea freight rates that bolstered operating profits in ...
2024.11.28(Thu)
|Yang Beom-soo, Kim Mi-geon
Lotte Group denies liquidity crisis rumors, cites $51 billion in assets
Lotte Group, South Korea’s sixth-largest conglomerate, refuted recent rumors of a liquidity crisis on Nov. 22. The group said in a press release that it is main...
2024.11.22(Fri)
|Seok Nam-jun, Kwak Chang-yeol, Lee Jae-eun
Hotel Lotte's operating profit falls 64% YoY in Q3
Hotel Lotte reported a sharp 64% decline in operating profit for the third quarter of this year, dropping to 24.2 billion won (about $17.3 million), compared to...
2024.11.15(Fri)
|Choi Hyo-jung, Kim Mi-geon
Korean retail giants shut down brick-and-mortar stores as sales decline
Homeplus, a South Korean discount store retail chain, closed its store in Seodaemun on August 18. The Homeplus store in Anyang is also set to shut down on Augus...
2024.08.23(Fri)
|Seok Nam-jun, Lee Jae-eun
The Lotte Family Chart
2024.08.09(Fri)
|The Chosun Daily
LOTTE
LOTTE Corporation is a South Korean conglomerate active in various sectors including food, retail, tourism, services, chemicals, construction, and finance. It m...
2024.08.06(Tue)
|Yeom Hyun-a
Lotte - Shin Yoo-Yeol
Shin Yoo-Yeol is the Executive Vice President of Lotte Chemicals. Born in London, England, as the eldest child of Lotte Holdings Chairman Shin Dong-bin, Shin gr...
2024.08.06(Tue)
|Yeom Hyun-a
Lotte - Shin Dong-bin
Shin Dong-bin, who succeeded his father, the late Chairman Shin Kyuk-ho, as Chairman of the Group in February 2011, has been an aggressive manager, unlike his c...
2024.08.06(Tue)
Lotte - Shin Kyuk-ho
Shin Kyuk-ho is the founder and first chairman of Lotte Group. After moving to Japan in 1942 with 83 yen (850 won), Shin started out delivering milk and newspap...
2024.08.06(Tue)
|Yeom Hyun-a
Lotte REIT pledges Gangnam department store to repay 240 bn won debt
As Lotte Shopping grapples with shifts in the retail landscape and aggressive tactics from Chinese e-commerce firms, Lotte REIT, which leases properties to the ...
2024.07.07(Sun)
|Lee In-ah, Kim Seo-young
Lotte's Shin Yoo-yeol steps up as key leader in succession plan
Shin Yoo-yeol (38), the eldest son of Lotte Group Chairman Shin Dong-bin and Executive Vice President of Lotte Corporation, was elected on June 26 to the board ...
2024.06.27(Thu)
|Choi Hyo-jung, Kim Mi-geon
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