Hotel Lotte Archives | Be Korea-savvy
S. Korean Hotels Set Eyes on Southeast Asia

S. Korean Hotels Set Eyes on Southeast Asia

SEOUL, Dec. 3 (Korea Bizwire) — South Korean hotel chains are targeting Southeast Asian countries to bypass tough competition at home and take advantage of the region’s fast-growing economy, industry watchers said Sunday. Industry watchers said Southeast Asia is an attractive market for local hotel chains as South Koreans also frequently visit the region for [...]

Lotte Group Raided over Alleged Embezzlement, Malpractice

Lotte Group Raided over Alleged Embezzlement, Malpractice

SEOUL, June 10 (Korea Bizwire) – Prosecutors raided the headquarters of South Korea’s retail giant Lotte Group, as well as its seven affiliates, on Friday over allegations of embezzlement and malpractice.  The Seoul Central District Prosecutors’ Office said it sent some 200 investigators to 17 places, including the group’s headquarters in central Seoul, its major [...]

Hotel Lotte’s Planned IPO Heats Up Market, More Await

Hotel Lotte’s Planned IPO Heats Up Market, More Await

SEOUL, Aug. 28 (Korea Bizwire) — South Korean retail giant Lotte Group is set to list its hotel and duty free operator Hotel Lotte, a hidden jewel owned by Japanese shareholders, taking the first critical step to untangling its murky governance structure following a bitter family feud over control of the conglomerate. Local brokerage houses [...]

Lotte Wins Operational License for Jeju Downtown Duty-free

Lotte Wins Operational License for Jeju Downtown Duty-free

SEOUL, Feb. 28 (Korea Bizwire) — Hotel Lotte won the operational right for a downtown duty-free shop in Jeju, officials said Friday, a move that is anticipated to bolster the company’s footing against its rival in the South Korean resort island’s ballooning duty-free market. Hotel Lotte, among the three applicants including smaller rival Hotel Shilla and [...]