holding firm Archives | Be Korea-savvy

Lotte Faces Bumpy Road to Adopt Holding Firm Structure

SEOUL, Dec. 7 (Korea Bizwire) — South Korean retail giant Lotte faces a bumpy road as it moves to adopt a holding company system even though it has sharply cut the number of units that own one another, industry sources said Thursday. In early October, Lotte established the holding firm, Lotte Corp., in a bid [...]

Lotte’s 4 Units Set to Hold Shareholder Meeting over Holding Firm

SEOUL, Aug. 29 (Korea Bizwire) — Four affiliates of South Korea’s retail giant Lotte are set to hold their shareholder meetings Tuesday to vote on setting up a holding firm through a division and merger of the units, a move widely expected to strengthen its chairman’s control over the business group. The country’s fifth-largest conglomerate [...]