SEOUL, Nov. 29 (Korea Bizwire) – Lotte Group announced a sweeping set of initiatives on November 28 to address liquidity concerns and improve financial stability. The measures include revaluing land assets, divesting underperforming properties, and scaling back investments. As part of its strategy, Lotte is also considering exiting poorly performing overseas duty-free locations. During an [...]
SEOUL, Nov. 27 (Korea Bizwire) – Lotte Group, one of South Korea’s largest conglomerates, said Wednesday it will provide Lotte World Tower in Seoul as collateral for the corporate bonds of its financially-strapped chemical unit in an effort to address market concerns about a potential liquidity crisis. In a regulatory filing, the group said it [...]
SEOUL, Nov. 21 (Korea Bizwire) – Lotte Department Store announced the launch of its European-style Christmas Market, running from November 20 to January 5 at the Lotte World Mall’s Lawn Plaza in Jamsil, Seoul. This year’s market, themed “Wonderful Showtime,” represents the largest iteration to date, featuring collaboration with luxury brand Chanel and integration with an [...]
SEOUL, Nov. 11 (Korea Bizwire) – In a bid to attract pop culture enthusiasts, South Korea’s leading department stores are hosting exclusive pop-up stores featuring iconic entertainment franchises. Lotte Department Store is showcasing “Dragon Ball,” while Shinsegae Department Store features “Arcane Season 2,” the animated series based on the popular game “League of Legends.” Lotte Department [...]
SEOUL, Oct. 31 (Korea Bizwire) – In a coordinated seasonal effort, South Korea’s leading department stores are preparing to transform their spaces into festive wonderlands, with all major retailers set to reveal their Christmas decorations on December 1. Lotte Department Store announced on October 30 that it will progressively roll out its “Wonderful Showtime” themed decorations [...]
SEOUL, May 10 (Korea Bizwire) — Lotte Department Store has announced that it will open an experiential store at Lotte World Mall this Saturday in collaboration with the local sporting goods company Tennis Metro. Unlike traditional stores that focus mainly on product sales, this store will be located on the mall’s third floor and will [...]
SEOUL, April 12 (Korea Bizwire) — Lotte Shopping Co. said Wednesday it will exhibit an installation from renowned Japanese architect Kengo Kuma at its high-end department store in southern Seoul starting this week. The artwork, titled SU:M, will be on display at Lotte AVENUEL, the retailer’s luxury-brand department store, for the next five months starting [...]
SEOUL, March 29 (Korea Bizwire) — Lotte Home Shopping Inc., a shopping unit of retail conglomerate Lotte, said Tuesday it is joining hands with its bear mascot “Bellygom” to hold public exhibitions at Seoul’s major landmarks. The company will host the Amazing Bellygom Happy B-DAY event at Lotte World Tower’s main square from April 1-23. [...]
SEOUL, Dec. 22 (Korea Bizwire) — South Korean conglomerate Lotte Group said Thursday it will share its new growth engines at the Consumer Electronics Show (CES) in Las Vegas early next month. Lotte Data Communication Co., the IT solutions developing arm of Lotte, will showcase its hyper-reality metaverse service at the event’s central hall, where [...]
SEOUL, Dec. 8 (Korea Bizwire) — Lotte ON, an online shopping website running by the retail arm of Lotte Group, said Wednesday it will release an upcycled replica of the rubber duck that was put up for exhibition in Seokchon Lake in Seoul’s Songpa Ward in October. This project aims to recycle the rubber duck made with [...]