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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, [...]