SEOUL, Jul. 30 (Korea Bizwire) — South Korea’s retail giant Lotte said Monday a new department in charge of the business group’s online businesses is set to be launched this week as the conglomerate revs up efforts to cope with the rapid expansion of the country’s online market. Earlier in May, Lotte unveiled the plan [...]
SEOUL, May 31 (Korea Bizwire) — South Korean retail giant Lotte on Thursday said it has unified the management of its scattered fashion businesses under the group’s apparel affiliate to secure competitiveness in the local fashion industry. Lotte Shopping Co., the operator of the conglomerate’s department store chain, said shareholders of its fashion business unit [...]
SEOUL, May 28 (Korea Bizwire) — Lotte Group’s shopping business arm hosted its second Lotte Style Run yesterday at Ttukseom Hangang Park in Gwangjin-gu, Seoul. In a departure from other running races, the Style Run asks participants to wear their own outfits and costumes befitting their personal style. A total of 4,000 runners took part [...]
SEOUL, May 15 (Korea Bizwire) — South Korea’s retail giant Lotte said Tuesday it will inject 3 trillion won (US$2.84 billion) into the conglomerate’s e-commerce business in the next five years to cope with the rapid expansion of the country’s online market. As part of its plan, Lotte Shopping Co. said eight online malls that [...]
SEOUL, Apr. 5 (Korea Bizwire) — South Korean retail giant Lotte said Thursday it will open an outlet dedicated to game products in Seoul this week amid a rapid growth of the country’s game industry. Lotte Shopping Co. said it has remodeled el Cube in Hongdae, western Seoul, into a shop exclusively for games and [...]
SEOUL, Mar. 19 (Korea Bizwire) — South Korean retail giant Lotte said Monday it will use artificial intelligence (AI) platform to review cover letters to find best candidates for its job positions as part of its efforts to boost accuracy and fairness in the hiring process. The system will be partly adopted for the recruitment [...]
SEOUL, Mar. 9 (Korea Bizwire) — Lotte Corp., the holding company of South Korean retail giant Lotte, said Friday it will continue to make major investments in Vietnam, as its head met with the country’s premier to seek support for the company’s various ongoing projects in the Southeast Asian country. During his meeting with Prime [...]
SEOUL, Feb. 13 (Korea Bizwire) — South Korean retail giant Lotte Group was thrown into disarray Tuesday as a Seoul court sentenced its chairman to 30 months in prison for bribery. The sentence handed down to Shin Dong-bin, by the Seoul Central District Court, caught Lotte officials off-guard, as they did not expect a jail [...]
SEOUL, Feb. 8 (Korea Bizwire) — The head of South Korean retail giant Lotte is planning to stay in PyeongChang throughout the Winter Olympic period to carry out sports diplomacy, company officials said Thursday, with the international event now just one day away. Lotte Group Chairman Shin Dong-bin will head to the alpine town of [...]
BEIJING, Feb. 2 (Korea Bizwire) – The top economic policymakers of South Korea and China agreed to boost bilateral tourism and economic cooperation, Seoul’s finance ministry said Friday, in a sign that Beijing may stop its retaliation against South Korean companies over the stationing of a U.S. missile system. The agreement came after talks between [...]