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Lotte Group Goes All-Out to Cope with Construction Unit Liquidity Squeeze

Lotte Group Goes All-Out to Cope with Construction Unit Liquidity Squeeze

SEOUL, Nov. 24 (Korea Bizwire) — Lotte Group is quickly responding to the liquidity squeeze of its construction unit amid concerns that the construction unit’s liquidity problem, caused by the recent bond market crunch, could spill over to other parts of the group. Lotte Engineering & Construction Co. carried out a 200 billion won (US$149 [...]

Regulator OKs Convenience Store Operator Korea Seven’s Takeover of Ministop

Regulator OKs Convenience Store Operator Korea Seven’s Takeover of Ministop

SEOUL, March 22 (Korea Bizwire) — South Korea’s antitrust regulator said Tuesday it has decided to approve a deal by Korea Seven Co., the operator of 7-Eleven convenience stores, to buy its smaller rival Ministop Korea Co. In January, the country’s retail giant Lotte inked a deal to acquire a 100 percent stake in Ministop [...]