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Lotte Expecting Resumption of Shenyang Project on Envoy’s Visit

Lotte Expecting Resumption of Shenyang Project on Envoy’s Visit

SEOUL, Nov. 9 (Korea Bizwire) — Lotte Group’s giant construction project in Shenyang, China, could resume this month after a year of suspension as China pulls back on its retribution over a U.S. anti-missile defense system being deployed in South Korea, corporate sources said Thursday. Ambassador Noh Young-min, South Korea’s new envoy to Beijing, who [...]

Lotte Group Hoping for Biz Comeback on S. Korea-China Thaw

Lotte Group Hoping for Biz Comeback on S. Korea-China Thaw

SEOUL, Nov. 1 (Korea Bizwire) — Lotte Group, a conglomerate whose affiliates sprawl from supermarkets to duty-free stores and construction, is hoping for a big comeback in its China business after suffering major losses resulting from a Seoul-Beijing diplomatic spat, corporate insiders said Wednesday. Seoul and Beijing announced a day earlier that they will make [...]

Lotte Scion to Sell Most of Stakes in Key Affiliates

Lotte Scion to Sell Most of Stakes in Key Affiliates

SEOUL, Sept. 12 (Korea Bizwire) – Lotte Group founder Shin Kyuk-ho’s eldest son will sell most of his stakes in the South Korean retail giant’s key affiliates as an objection to the group’s latest decision to set up a holding company, his representatives said Tuesday. Shin Dong-joo, the former vice chairman of Tokyo-based Lotte Holdings, [...]

Retailers Moving Quickly to Allow Employees to Balance Work with Family

Retailers Moving Quickly to Allow Employees to Balance Work with Family

SEOUL, Jul. 18 (Korea Bizwire) — South Korean retailers have moved quickly to create a favorable work environment for expecting and child-rearing mothers, including incentives for fathers, industry observers said Tuesday. Retail businesses have been fast movers in accommodating women who in most cases make up nearly half of their workforces. With the government encouraging [...]

Lotte World Tower Draws Over 10 Million Visitors in 100 Days

Lotte World Tower Draws Over 10 Million Visitors in 100 Days

SEOUL, July 11 (Korea Bizwire) – The number of visitors at the country’s tallest skyscraper built by retail giant Lotte Group has recently topped the 10 million mark, its operator said Tuesday, marking the 100th day of the building’s opening. The 123-story Lotte World Tower, which opened in early April, had a daily average 120,000 visitors, [...]