Lotte Confectionery Co. Archives

Lotte’s Food Unit Acquires Indian Ice Cream Company for 164 Billion Won

SEOUL, Nov. 23 (Korea Bizwire) – Lotte Confectionery Co., a key food unit of South Korean retail giant Lotte, said Thursday it has purchased an Indian ice cream company for 164.5 billion won (US$151 million) to tap deeper into the large South Asian market. Lotte Confectionery acquired the entire 1 million shares of Havmor Ice Cream to expand its presence in India’s snack [...]

Lotte Launches Lactobacillus Chocolate

SEOUL, July 20 (Korea Bizwire) – Lotte Confectionery Co., the largest confectionery manufacturer in South Korea, revealed on July 20 two new chocolate products made with lactic acid bacteria (LAB) strains obtained from kimchi – the first commercialization of such a product in the food industry. Since the successful launch of a lactobacillus-containing snack called Yo-Hi [...]