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Lotte Unifies Fashion Businesses, Launches New Apparel Arm

Lotte Unifies Fashion Businesses, Launches New Apparel Arm

SEOUL, May 31 (Korea Bizwire) — South Korean retail giant Lotte on Thursday said it has unified the management of its scattered fashion businesses under the group’s apparel affiliate to secure competitiveness in the local fashion industry. Lotte Shopping Co., the operator of the conglomerate’s department store chain, said shareholders of its fashion business unit [...]

Running a Marathon in Style

Running a Marathon in Style

SEOUL, May 28 (Korea Bizwire) — Lotte Group’s shopping business arm hosted its second Lotte Style Run yesterday at Ttukseom Hangang Park in Gwangjin-gu, Seoul. In a departure from other running races, the Style Run asks participants to wear their own outfits and costumes befitting their personal style. A total of 4,000 runners took part [...]

Lotte to Spend 3 tln Won on Boosting E-commerce Business

Lotte to Spend 3 tln Won on Boosting E-commerce Business

SEOUL, May 15 (Korea Bizwire) — South Korea’s retail giant Lotte said Tuesday it will inject 3 trillion won (US$2.84 billion) into the conglomerate’s e-commerce business in the next five years to cope with the rapid expansion of the country’s online market. As part of its plan, Lotte Shopping Co. said eight online malls that [...]

Lotte Vows to Continue Investments in Vietnam

Lotte Vows to Continue Investments in Vietnam

SEOUL, Mar. 9 (Korea Bizwire) — Lotte Corp., the holding company of South Korean retail giant Lotte, said Friday it will continue to make major investments in Vietnam, as its head met with the country’s premier to seek support for the company’s various ongoing projects in the Southeast Asian country. During his meeting with Prime [...]

Lotte Heir Loses Suit Against Hotel Units Over Dismissal From Board

Lotte Heir Loses Suit Against Hotel Units Over Dismissal From Board

SEOUL, Jan. 18 (Korea Bizwire) – A Seoul court on Thursday turned down the claim by the eldest son of the founder of South Korean retail giant Lotte Group that he was unfairly removed from the boards of two Lotte hotel units. Shin Dong-joo, former vice chairman of Japan-based Lotte Holdings and eldest son of Lotte founder Shin Kyuk-ho, filed litigation against Hotel Lotte and [...]