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, [...]
SEOUL, July 18 (Korea Bizwire) – The head of retail giant Lotte Group said Tuesday the conglomerate needs to expand investment targeting its lucrative businesses to further expand presence in the market, as it is suffering from a series of troubles at home and abroad. During a meeting with the group’s senior executives, Lotte Group [...]
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 [...]
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, [...]
SEOUL, July 10 (Korea Bizwire) – The head of South Korean retail giant Lotte vowed on Monday to boost the group’s transparent management as it attempts to tide over a string of troubles through a governance shakeup. During an IR session held in Tokyo, Lotte Group chairman Shin Dong-bin said his group will be able [...]
SEOUL, Jul. 10 (Korea Bizwire) — The CEO of South Korean conglomerate Lotte Group is expected to move into Lotte World Tower in the coming months, shortening his commute to a mere elevator ride, materializing to commute to and from work in a ‘vertical city’ sort of. According to statement from Lotte released on Saturday, Shin [...]
SEOUL, June 8 (Korea Bizwire) – Lotte Shopping Co., the retail unit of Lotte Group, said Thursday its cinema department will be hived off later this year, a move it says will boost each unit’s business competitiveness. During a regular board meeting Thursday, the members approved the plan to spin off the company’s cinema business [...]
SEOUL, May 25 (Korea Bizwire) – The first official shop of the 2018 PyeongChang Winter Games will open in the South Korean capital this week, selling licensed merchandise associated with the international sporting event, local organizers said Thursday. The PyeongChang Organizing Committee for the 2018 Olympic & Paralympic Winter Games (POCOG) said the official merchandise store [...]
SEOUL, Apr. 3 (Korea Bizwire) — South Korean retail giant Lotte Group saw its brand value rise in the first quarter of this year despite China’s retaliation against the conglomerate over a controversial missile defense system, a poll showed Sunday. Brandstock, a South Korean market research firm that determines the rankings of local brands, said [...]
SEOUL, March 21 (Korea Bizwire) – The skyscraper built by South Korean retail giant Lotte Group is due to open early next month, the group’s operating unit said Tuesday. The 123-story Lotte World Tower will officially open to the public from April 3, housing offices, luxury residence and a hotel, and an observation deck at [...]