Lotte Chairman Shin Dongbin
Scope
Date
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Food & Beverage
Nongshim to launch Shin Ramyun Tomyum in Thailand
South Korean food and beverage giant Nongshim Co. announced on Wednesday that it will launch the first global collaboration products of its flagship...
Nov 22, 2023 (Gmt+09:00)
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Food & Beverage
Lotte Hotels & Resorts ups ante in kimchi business
South Korea’s largest hotel group Lotte Hotels & Resorts is pinning high hopes on kimchi as a new revenue source amid intensifying competi...
Nov 21, 2023 (Gmt+09:00)
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Retail
Lotte Home Shopping showcases Bellygom in Bangkok
South Korea's Lotte Home Shopping announced on Tuesday that it has displayed Bellygom Bellygom at Siam Discovery, the largest shopping mall in Bangk...
Nov 21, 2023 (Gmt+09:00)
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Asset management
Fed rate likely to be 2-4% over next decade: Oaktree's Howard Marks
Investors are experiencing the third “sea change,” facing the Federal Reserve’s rate hikes and its impact on economies and busines...
Nov 15, 2023 (Gmt+09:00)
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Korean startups
Goldman Sachs lists Moloco CEO among exceptional entrepreneurs
Moloco Inc., a Silicon Valley-based ad-tech solution startup, said Wednesday that its co-founder and Chief Executive Ikkjin Ahn was named one of the...
Nov 09, 2023 (Gmt+09:00)
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Batteries
POSCO International, Lotte Energy in $4.4 bn battery materials supply deal
POSCO International Corp. has signed a 6 trillion won ($4.4 billion) deal to supply raw materials used to make copper foil, a battery component, to ...
Nov 01, 2023 (Gmt+09:00)
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Bio & Pharma
Lotte builds US antibody-drug conjugate plant with $82 mn
South Korea’s Lotte Biologics Co. is establishing an antibody-drug conjugate (ADC) factory in Syracuse, New York, with an investment of 110 bi...
Oct 31, 2023 (Gmt+09:00)
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Korean food
Lotte Wellfood promotes Pepero Day in New York
South Korea's Lotte Wellfood Co. announced on Thursday it has started the global campaign for Pepero in the US, the company's iconic chocolate-cover...
Oct 26, 2023 (Gmt+09:00)
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Retail
Lotte Home Shopping, Thai TACC in Bellygom character licensing deal
Lotte Home Shopping Inc. has signed a character licensing agreement with Thailand’s TAC Consumer Public Co. (TACC), a lifestyle product and be...
Oct 24, 2023 (Gmt+09:00)
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Leadership & Management
Mirae Asset promotes Indian unit head to vice chairman
Mirae Asset Financial Group, South Korea’s leading financial conglomerate, on Monday promoted Swarup Mohanty, the head of its Indian asset man...
Oct 23, 2023 (Gmt+09:00)
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Bio & Pharma
Celltrion’s approved merger removes hurdle to three-way combination
South Korea’s biosimilar drugmaker Celltrion group on Monday moved one step closer to the planned combination of its three major affiliates wi...
Oct 23, 2023 (Gmt+09:00)
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Carbon neutrality
Lotte, two SK Group units to join hands for carbon capture
Lotte Chemical Corp., SK Innovation Co. and SK IE Technology Co. (SK IET) have signed a memorandum of understanding (MOU) to make their joint push i...
Oct 23, 2023 (Gmt+09:00)
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Leadership & Management
SK Group needs agility to survive disruptions: chairman
South Korea's No. 2 conglomerate SK Group needs agile responses to rapidly changing business circumstances amid global geopolitical crises, C...
Oct 20, 2023 (Gmt+09:00)
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Retail
Lotte Duty Free focuses energy on stores in Seoul
South Korea’s Lotte Duty Free, which removed its stores from Incheon International Airport in late June, is channeling its energy toward boost...
Oct 20, 2023 (Gmt+09:00)
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Corporate strategy
Late Samsung chairman Lee's New Management back in spotlight
As the leader of Samsung Group for three decades, the late group Chairman Lee Kun-hee brought fundamental changes to the conglomerate under his &ldq...
Oct 18, 2023 (Gmt+09:00)
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Steel
POSCO Group chief: steel desperately needs corporate solidarity
South Korea’s POSCO Group on Tuesday said its Chairman Choi Jeong-woo presided over the regular meeting of the World Steel Association on Su...
Oct 18, 2023 (Gmt+09:00)
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Corporate strategy
Lotte leads corporate push to raise Korea’s dismal birthrate
South Korea’s dreadfully low birthrate — the world’s lowest — is not just a concern for politicians or government officials....
Oct 16, 2023 (Gmt+09:00)
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Venture capital
Lotte Ventures hosts L-Camp in Tokyo for promising Korean startups
TOKYO – Lotte Ventures Corp., the corporate venture capital (CVC) business unit of South Korea’s Lotte Group, on Thursday hosted L...
Oct 12, 2023 (Gmt+09:00)
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Korean food
Lotte Wellfood ups Choco Pie India sales target to $60 mn with new factory
Lotte Wellfood Co., formerly Lotte Confectionery Co., has revised up this year’s Choco Pie sales forecast in India to 80 billion won ($60 mill...
Oct 10, 2023 (Gmt+09:00)
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Petrochemicals
Lotte Chemical sells JV stakes in China, eyes other profitable markets
South Korea’s Lotte Chemical Corp. has sold its entire stakes in joint ventures with Chinese partners as the Korean company faces a supply glu...
Oct 09, 2023 (Gmt+09:00)
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Bio & Pharma
Lotte Biologics to break ground on 1st local CDMO plant in 2024
South Korea’s Lotte Biologics Co. is set to start building its first local facility for drug manufacturing next year, aiming for 400,000 liter...
Oct 05, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Lotte Chilsung secures majority stake in Pepsi Philippines
Lotte Chilsung Beverage Co., a household name in South Korea’s soft drink market, said on Wednesday it has secured management rights of Pepsi-...
Oct 04, 2023 (Gmt+09:00)
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Samsung Group
Samsung Chair Lee tours Middle East, ‘treasure trove’ of future growth
Jay Y. Lee, executive chairman of Samsung Electronics Co., has made his second visit in 10 months to the operations of South Korea’s most powe...
Oct 03, 2023 (Gmt+09:00)
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Business & Politics
Lotte's chemical units look for talent from US universities
Lotte Group's two chemical units in South Korea searched for talent in US universities.Lotte Chemical Corp. and Lotte Fine Chemical Co. organized ...
Sep 27, 2023 (Gmt+09:00)
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Retail
Lotte Mall West Lake Hanoi: Litte Korea transplanted in Vietnam
HANOI – On a late summer day in Vo Chi Cong, Tay Ho district, a colossal commercial complex was packed with people wanting to savor all things...
Sep 21, 2023 (Gmt+09:00)
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Logistics
Lotte Global Logistics, CoEvolution to develop automatic solutions
South Korea's Lotte Global Logistics announced on Wednesday that it has signed a memorandum of understanding (MOU) for a strategic partnership with ...
Sep 20, 2023 (Gmt+09:00)
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Retail
Korea’s Lotte Shopping aims to double profit, seek new biz
Lotte Shopping Co., South Korea’s retail giant, aims to double its profit in three years by expanding its Southeast Asian operations and cemen...
Sep 19, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Dongwon founder vows to acquire Korea’s top container line HMM
Dongwon Group, South Korea’s leading seafood and logistics conglomerate, has vowed to acquire HMM Co., the country’s top container ship ...
Sep 19, 2023 (Gmt+09:00)
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Chemical Industry
Lotte Chemical launches eco-friendly material brand Ecoseed
South Korea's Lotte Chemical Corp. has launched its eco-friendly material brand, "Ecoseed." The company announced on Tuesday that it unveiled the Ec...
Sep 19, 2023 (Gmt+09:00)
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Business & Politics
Hyundai eyes Saudi EV plant as Korea bets on Middle East boom
Hyundai Motor Co. is set to build an electric vehicle assembly plant in Saudi Arabia as South Korean companies are increasingly tapping growth oppor...
Sep 18, 2023 (Gmt+09:00)