SEOUL, Jan. 16 (Korea Bizwire) — When it comes to buying stocks in South Korea’s family-run conglomerates, reading numbers on balance sheets may not be enough to predict their performance. What the owner family does often matters more. As several of such business groups, called chaebols locally, are preparing for managerial transfers to the third [...]
SEOUL, Jan. 8 (Korea Bizwire) – Angel-in-us Coffee, a coffee chain from the Korean-Japanese conglomerate Lotte Group, is proceeding with a special event where coffee prices are discounted or increased depending on a customer’s politeness when ordering. In the event “Warm-hearted Word – Call My Name,” to be held on the first Wednesday of every [...]
SEOUL, Jan. 5 (Korea Bizwire) – Any occurrence of additional safety accidents will lead to the shutdown of Lotte Group’s new skyscraper in the southern district of Jamsil, the city of Seoul warned Monday, after a series of safety problems escalated concerns over the recently-opened shopping complex. The retail giant opened the completed lower parts [...]
SEOUL, Nov. 7 (Korea Bizwire) – Pushed by poor credit ratings by international rating agencies, Lotte Shopping plans to accelerate the process of improving its financial standing by selling retail properties. According to retail industry sources, Lotte Shopping, retail operator of Lotte Group, is in talks with Capstone Asset Management, an asset management firm specializing in [...]
SEOUL, Sept. 4 (Korea Bizwire) – The Seoul metropolitan city government said on September 3 that it would determine whether to fully open the lower floors of the second Lotte World building in Seoul’s Jamshil after tentatively allowing a ten-day “pre-open” period. During the period, groups of citizens will visit the building to see whether the building is [...]
SEOUL, Aug. 29 (Korea Bizwire) — After five years since its groundbreaking, “Lotte Center Hanoi,” the 272-meter-high skyscraper in Hanoi constructed by Lotte Group, is finally ready for grand opening on Vietnam’s National Liberation Day, September 2. According to Lotte Asset Development on August 27, what will be the landmark of Vietnam’s capital city with 14,000 square [...]
![[Quote] CEO of Lotte Group to Spearhead Retail Giant’s Global Push](http://koreabizwire.com/wp/wp-content/uploads/2014/08/Lotte-Vice-Chairman-Shin-Dong-bin.jpg "[Quote] CEO of Lotte Group to Spearhead Retail Giant’s Global Push")
“To keep up with ever-changing consumer demands, we should harness the omni-channel strategy, with which we can seek for an opportunity to grow continuously.” “As Lotte Group has been a multi-channel retailing brand, we should put forth our utmost efforts to get over the limitations we are faced with. We ought to get a grasp [...]
SEOUL, Aug. 27 (Korea Bizwire) – Shin Dong-bin, CEO of Lotte Group, the leading food and shopping mall operator, highlighted on August 25 that the company should focus on “omni-channel retailing strategies” which allow customers to shop with the same retailer through different channels including mobile Internet devices, computers and brick-and-mortar stores. “In order to [...]
SEOUL, Aug. 22 (Korea Bizwire) – In order to escape from the saturated domestic retail market and government’s regulations on large-scale retailers, Lotte Mart opened its first supermarket in Indonesia as a novel approach to expand its overseas sales. Lotte’s first supermarket in Indonesia is located in Kemang, a residential area heavily populated by middle- and [...]