Lotte Hotel Guam
Scope
Date
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Retail
Lotte Mart at Seoul Station redesigned to lure foreign shoppers
South Korea’s Lotte Mart reopened its hypermarket at Seoul train station on Thursday following a four-month renovation to attract more foreign...
Sep 14, 2023 (Gmt+09:00)
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Mergers & Acquisitions
IMM PE invites potential buyers for Genuone worth $752 mn
South Korea’s top-tier contract drugmaker Genuone Sciences Inc. with an estimated value of up to 1 trillion won ($752 million) is smooth saili...
Sep 13, 2023 (Gmt+09:00)
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Artificial intelligence
Naver, Hotel Shilla to collaborate for AI and cloud
South Korean leading luxury hotel and retail operator Hotel Shilla has entered into a strategic partnership with internet giant Naver Corp. The coll...
Sep 12, 2023 (Gmt+09:00)
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Real estate
Hanjin KAL to sell off its Waikiki Resort Hotel at $108 mn
South Korea’s Hanjin KAL Corp. will sell the assets owned by its Hawaii-based subsidiary Waikiki Resort Hotel Inc. to US company AHI-CLG LLC a...
Sep 08, 2023 (Gmt+09:00)
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Business & Politics
S.Korea to receive $1 bn in unpaid bills from Uzbek gas project
South Korean firms are poised to receive $1 billion in unpaid bill that has accumulated since 2017 from Uzbekistan’s Surgil gas project as the...
Sep 08, 2023 (Gmt+09:00)
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Korean SMEs
S.Korea's Lotte Group helps SMEs penetrate Indonesian market
South Korea's Lotte Group through Friday is holding the event Korea Expo in Jakarta in the Indonesian capital with the Korea Trade-Investment Promot...
Sep 07, 2023 (Gmt+09:00)
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Logistics
Kia, Lotte Global Logistics to develop logistics-specific PBV
South Korea's Kia Corp. announced on Wednesday that it has signed a memorandum of understanding with Lotte Global Logistics at its headquarters in Y...
Sep 06, 2023 (Gmt+09:00)
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Travel & Leisure
Jackpot seekers boost Grand Hyatt Jeju's Aug sales to record high
Grand Hyatt Jeju within Jeju Dream Tower Integrated Resort posted its highest-ever revenue of 14.3 billion won ($10.8 million) in August, Lotte Tour...
Sep 05, 2023 (Gmt+09:00)
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Travel & Leisure
Duty-free shops in Jeju welcome return of Chinese cruise tourism
For the first time since Beijing lifted restrictions on group tourism to South Korea, Chinese cruise tourists have flocked to Jeju Island's duty-fre...
Sep 01, 2023 (Gmt+09:00)
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Korean food
NewJeans selected as global ambassador for Pepero
Lotte Wellfood announced on Friday that it has appointed K-pop girl group NewJeans as the global ambassador for its iconic snack brand, Pepero. Know...
Sep 01, 2023 (Gmt+09:00)
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Real estate
S.Korean lenders in New York luxury hotel likely to see losses
Some South Korean institutional investors may see significant losses on their investment in a hotel in the heart of New York as the developer has de...
Aug 29, 2023 (Gmt+09:00)
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Retail
Lotte’s intra-group merger, business integration fare well
Lotte Mart and Lotte Super are leading Lotte Group’s efforts to streamline the overlapping businesses of its units. Their second-quarter resul...
Aug 23, 2023 (Gmt+09:00)
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Batteries
Young Poong, Lotte Global Logistics to form battery recycling supply chain
South Korea’s non-ferrous metal company Young Poong Co. has teamed up with Lotte Global Logistics Co. to form a supply chain system for recycl...
Aug 22, 2023 (Gmt+09:00)
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Petrochemicals
Lotte Chemical sells off debt-ridden JV to China's Sanjiang
South Korea’s Lotte Chemical Corp. has divested all shares it owns in Chinese joint venture Lotte Sanjiang Chemical Co., according to people f...
Aug 16, 2023 (Gmt+09:00)
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Korean food
Lotte Hotels & Resorts to launch premium kimchi product
Lotte Hotels & Resorts, a leading South Korean hospitality company, announced on Thursday its intention to penetrate the domestic kimchi market,...
Aug 10, 2023 (Gmt+09:00)
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Earnings
Lotte Chemical posts fifth straight quarterly operating loss in Q2
South Korea’s Lotte Chemical Corp. has posted an operating loss for a fifth straight quarter due to sluggish petrochemical demand.The co...
Aug 09, 2023 (Gmt+09:00)
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Batteries
Lotte Energy ups elecfoil factory capacity in Spain to 30,000 tons
Lotte Energy Materials Corp., formerly Iljin Materials Co., will build a smart factory in Catalonia, Spain to produce 30,000 tons of high-end copper...
Aug 07, 2023 (Gmt+09:00)
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Retail
S.Korea's Lotte Department Store launches 'K-Beauty' tour service
South Korea's Lotte Department Store on Monday announced the launch of a "K-Beauty tour" service for foreign tourists.The company will first give fr...
Aug 07, 2023 (Gmt+09:00)
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Advertising & Marketing
Virtual human Lucy to sell Galaxy Z in live commerce
Lotte Home Shopping's virtual human Lucy expands her activities by selling The Galaxy Z Flip 5 and "Z Fold 5" on live commerce, following her attend...
Aug 04, 2023 (Gmt+09:00)
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Travel & Leisure
Lotte Tour's Jeju Island casino hits record revenue in July
South Korea’s Lotte Tour Development's Jeju-based casino saw record revenue in July thanks to an increased number of foreign tourists to the c...
Aug 03, 2023 (Gmt+09:00)
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Bio & Pharma
IMM PE seeks to sell Korean contract drugmaker at $784 mn
IMM Private Equity has put a South Korean contract drugmaker on the market for up to 1 trillion won ($784 million) in a deal likely to attract major...
Jul 31, 2023 (Gmt+09:00)
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Retail
Lotte to open Vietnam's largest shopping mall in Hanoi
Lotte Shopping Co., the retail arm of South Korea's fifth-largest conglomerate Lotte Group, announced plans on Thursday to inaugurate its extensive ...
Jul 27, 2023 (Gmt+09:00)
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Artificial intelligence
Lotte's virtual human Lucy to debut in Thailand
South Korea's Lotte Home Shopping unveiled a plan on Wednesday to introduce its virtual influencer, Lucy, to Southeast Asia's burgeoning live commer...
Jul 26, 2023 (Gmt+09:00)
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Corporate strategy
Lotte Group's Shin stresses unlearning as key to innovation
Disregarding existing ways and being open to new opportunities are challenging in South Korea’s large conglomerates, where a strict corporate ...
Jul 19, 2023 (Gmt+09:00)
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Carbon neutrality
Lotte Chemical, DL Energy team up to produce renewable energy
South Korea’s Lotte Chemical Corp. and DL Energy have joined forces to spread carbon neutrality and environmental, social and governance (ESG)...
Jul 18, 2023 (Gmt+09:00)
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Korean stock market
EcoPro, Hanwha Ocean, JYP among top MSCI inclusion candidates
EcoPro Co., Hanwha Ocean Co., JYP Entertainment Corp. and Kumyang Co. are the top candidates for inclusion in the MSCI Korea Index when the global s...
Jul 18, 2023 (Gmt+09:00)
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Batteries
Lotte Materials invests in French silicon cathode materials startup
Lotte Energy Materials Corp., formerly Iljin Materials and now a copper foil manufacturing subsidiary of South Korea's Lotte Chemical Corp., on Sund...
Jul 17, 2023 (Gmt+09:00)
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Fashion
Lotte Department Store opens Louis Vuitton’s Take Over pop-up store
South Korea's Lotte Department Store announced on Friday that it operates a Louis Vuitton pop-up store in The Crown, located on the basement first...
Jul 14, 2023 (Gmt+09:00)
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Travel & Leisure
Art luxury hotel reopened at Paradise City in Incheon
The casino complex Paradise City in Incheon on Saturday will reopen Hotel Art Paradiso at its integrated resort on Yeongjong Island. Closed in July ...
Jul 14, 2023 (Gmt+09:00)
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Retail
Lotte Duty Free opens store at Australia's Melbourne Airport
South Korea's Lotte Duty Free announced on Thursday that it is opening a new store at Melbourne Airport in Australia and entering full-scale opera...
Jul 13, 2023 (Gmt+09:00)
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