SEOUL, May 20 (Korea Bizwire) — Hotel Lotte Co., a major South Korean hotel and duty-free shop operator, plans to open a lifestyle hotel and aquarium in Hanoi in August, company officials said Saturday. Earlier this year, Lotte Properties Hanoi Co., a Vietnamese subsidiary of retail-to-leisure conglomerate Lotte Group, unveiled its plan to open a [...]
SEOUL, Nov. 15 (Korea Bizwire) — Hotel Lotte Co. said Tuesday it has opened a new inner city duty-free store in Vietnam’s Da Nang city as its duty-free division prepares for a surge in global travelers. The Da Nang location is the second global inner-city store operated by the brand, following its store in Sydney. [...]
SEOUL, Jan. 30 (Korea Bizwire) — Hotel Lotte Co., the hotel unit of South Korean retail giant Lotte, said Tuesday it will open the third chain of its lifestyle brand L7 in Seoul this week as it attempts to attract more young visitors. The new chain in Hongdae, a major tourist destination in western Seoul, [...]
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 [...]
SEOUL, July 10 (Korea Bizwire) – The head of South Korean retail giant Lotte vowed on Monday to boost the group’s transparent management as it attempts to tide over a string of troubles through a governance shakeup. During an IR session held in Tokyo, Lotte Group chairman Shin Dong-bin said his group will be able [...]
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 [...]
SEOUL, April 12 (Korea Bizwire) - Hotel Lotte, one of the leading hotel chains in South Korea, said Tuesday it is ramping up efforts to tap deeper into overseas markets by striking deals to manage hotels in foreign countries. Known for its top-notch management and service, Hotel Lotte currently runs a hotel in the Uzbek capital of [...]
SEOUL, Dec. 21 (Korea Bizwire) – South Korean retail giant Lotte Group’s hotel unit applied Monday to be listed on the Seoul bourse, taking the first critical step to improve its transparency following a succession feud. Hotel Lotte said that it submitted the preliminary application for its initial public offering (IPO) to the Korea Exchange [...]
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 [...]
SEOUL, March 12 (Korea Bizwire) — South Korean retail giant Lotte Group said Thursday it has signed a 1.02 trillion won (US$906 million) contract to buy a car rental service firm, seeking to diversify its business portfolio. Lotte said it will fund the purchase of KT Rental by May via its hotel affiliate Hotel Lotte. Lotte [...]