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Lotte Subsidiaries Moving into Vacant Office Space at Lotte World Tower

Lotte Subsidiaries Moving into Vacant Office Space at Lotte World Tower

SEOUL, Nov. 8 (Korea Bizwire) — A significant portion of the empty office space currently available at Lotte World Tower will soon be taken up by the company’s subsidiaries. By doing so, Seoul’s newest landmark building is expected to lower its vacancy levels from the current 60 percent to 30 percent. According to an announcement [...]

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 [...]