SEOUL, March 8 (Korea Bizwire) – Lotte Confectionery Co., a food unit that stands at a critical position in the cross-shareholding structure, plans to conduct a 10-for-1 stock split to boost trading among retail investors. According to the Korea Exchange and finance, investment industry, the board of directors of Lotte Confectionery decided to cut the face value [...]
SEOUL, Feb. 12 (Yonhap) - The former vice president of Tokyo-based Lotte Holdings Co. on Friday called for a major reshuffle at the company to form new leadership, saying he will push for the listing of the company on the Tokyo bourse if he becomes the new chief. Shin Dong-joo, the first son of 94-year-old Lotte [...]
SEOUL, Jan.6 (Korea Bizwire) – Lotte Department store has started a service in which cosmetics products are delivered to a customer’s home on a regular basis. Store officials announced that Belief, a cosmetics brand from LG Household & Health Care, had started a subscription service. By subscribing to a cosmetics brand, customers can have cosmetics [...]
SEOUL, Dec. 21 (Korea Bizwire) – South Korean retail giant Lotte Group’s hotel unit applied Monday to be listed on the Seoul bourse, taking the first critical step to improve its transparency following a succession feud. Hotel Lotte said that it submitted the preliminary application for its initial public offering (IPO) to the Korea Exchange [...]
SEOUL, Dec. 18 (Korea Bizwire) – Famous Korean snacks have captivated the taste buds of Asian consumers, making overseas sales more important for local confectionery companies grappling with slower growth on home turf, data showed Friday. Major Korean confectionery companies are increasingly setting their sights on a wider market after seeing robust growth in China [...]
SEOUL, Dec. 9 (Korea Bizwire) – Lotte Confectionery Co., a unit of South Korean retail giant Lotte Group, said Wednesday that Lotte’s Japan operation will increase its stake in the affiliate, a move seen as part of efforts to cement the incumbent group chairman’s grip on the conglomerate amid a succession feud. In a regulatory [...]
SEOUL, Dec. 7 (Korea Bizwire) – South Korean retail giant Lotte’s hotel unit has been working on an employee stock ownership scheme as part of preparations to list its stocks on the Seoul bourse, company officials said Sunday. Hotel Lotte, a unit of South Korea’s fifth-largest conglomerate Lotte Group, plans to submit an application next [...]
SEOUL, Nov.6 (Korea Bizwire) – Lotte Department Store is expanding its Smart Pick service, which allows customers to pick up products purchased earlier through online shopping sites such as Lotte.com or L-Lotte. The order cut-off for picking up a purchased item on the same day used to be 10 a.m., but Lotte Department Store announced [...]
SEOUL, Nov.5 (Korea Bizwire) – Lotte Duty Free has announced a plan to make its World Tower store into a landmark of North East Asia. Lotte will invest over one trillion won to make the location an international tourist spot that will exceed the popularity of its headquarters in Sogong-dong. Lotte Duty Free revealed at [...]
SEOUL, Oct. 30 (Yonhap) – Samsung Group said Friday it has agreed to sell its chemical assets to Lotte Group for about 3 trillion won (US$2.63 billion), in its latest move to streamline its non-core assets to focus on its main stay tech business. Lotte Chemical Co. will acquire a 31.5 percent stake in Samsung [...]