lotte lucy live commerce
Scope
Date
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E-commerce
JD.com opens Korean logistics centers, preluding C-commerce invasion
JD.com, often dubbed China’s answer to Amazon.com, has opened its own logistics centers in South Korea, becoming the first Chinese e-commerce ...
Apr 24, 2025 (Gmt+09:00)
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E-commerce
Naver, Kurly tie up to counter e-commerce giant Coupang
South Korea’s online giant Naver Corp. and dawn grocery platform service provider Kurly Inc. have joined forces for a potential stake acquisit...
Apr 20, 2025 (Gmt+09:00)
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Food & Beverage
India: Tantalizing frontier for K-food’s global ambitions beyond China
South Korea’s processed food exports to India have surged to a record 6 trillion won ($4.1 billion), marking a significant milestone in the gr...
Apr 18, 2025 (Gmt+09:00)
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Travel & Leisure
S.Korea’s foreigners-only casinos bask in return of Chinese high rollers
South Korea’s foreigners-only casinos are witnessing a significant rise in their sales revenue with the return of high rollers from China and ...
Apr 10, 2025 (Gmt+09:00)
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League table
UBS tops Korea’s buyout deal advisory in Q1 thanks to Lotte
UBS Group AG, the frontrunner in South Korea's M&A market last year, retained the top position in the country's buyout advisory market in the fi...
Apr 02, 2025 (Gmt+09:00)
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Business & Politics
US Chamber of Commerce sees Korea’s business penalties as trade barrier
The US Chamber of Commerce, the country’s largest lobbying group, told Washington that South Korea’s penalties on businesspeople are amo...
Mar 23, 2025 (Gmt+09:00)
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Mergers & Acquisitions
S.Korean grocery delivery platform Oasis at forefront to acquire TMON
South Korea’s grocery delivery platform Oasis Corp., which has been looking to expand its e-commerce market at home and abroad, is seeking to ...
Mar 05, 2025 (Gmt+09:00)
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Upcoming IPOs
Lotte aims to take Lotte Global Logistics public by end-June
Lotte Group, grappling with a prolonged downturn in the petrochemical industry, plans to take Lotte Global Logistics Co. public by the end of June a...
Mar 04, 2025 (Gmt+09:00)
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Mergers & Acquisitions
Affinity Equity set to close $1.1 bn purchase of Lotte Rental
Affinity Equity Partners said on Friday that it will sign a definitive agreement on March 11 with Lotte Group to acquire a 56.2% stake in South Kore...
Feb 28, 2025 (Gmt+09:00)
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E-commerce
Korean e-commerce platforms’ growth cools; Naver Shopping sales down
South Korea’s major e-commerce platforms, including Naver Shopping, are showing signs of slowing growth amid the rise of Chinese platform gian...
Feb 17, 2025 (Gmt+09:00)
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Corporate restructuring
Lotte Chemical nears offloading Pakistani unit as part of restructuring
Lotte Group, South Korea’s sixth-largest conglomerate, is speeding up its business streamlining efforts amid mounting debts as it has moved on...
Feb 17, 2025 (Gmt+09:00)
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Leadership & Management
Small firms emerge as prime targets of management disputes in Korea
Small and medium-sized enterprises (SMEs) accounted for the majority of disputes over corporate management control in South Korea last year, with th...
Feb 10, 2025 (Gmt+09:00)
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Retail
Coupang Eats starts food delivery service in Japan
Coupang Eats, a food delivery app operated by South Korea's No. 1 e-commerce platform Coupang Inc., launched its first overseas service in Japan.Acc...
Jan 22, 2025 (Gmt+09:00)
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Beauty & Cosmetics
Sales of K-Beauty surges in US e-commerce
The popularity of South Korean cosmetics in the US has increased, with sales of the products growing at four to five times the rate of the market ...
Jan 21, 2025 (Gmt+09:00)
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Korean startups
Allsale, K-beauty's leading ambassador to the US
Allsale Corporation, a South Korean startup operating an influencer marketing platform, is in talks with investors to further support Korean cosmeti...
Jan 21, 2025 (Gmt+09:00)
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E-commerce
Coupang, Naver in dead heat for South Korea’s e-commerce market lead
Coupang Inc. and Naver Corp., South Korea's top two e-commerce players, are expected to further narrow the gap in their race for the market lead thi...
Jan 21, 2025 (Gmt+09:00)
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Mergers & Acquisitions
SK, Lotte's restructuring to drive Korea's M&A market in 2025
SK and Lotte groups remain the focus for South Korean dealmakers as the two conglomerates accelerate restructuring by divesting non-core assets, a s...
Jan 20, 2025 (Gmt+09:00)
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Bio & Pharma
Lotte Biologics eyes first ADC CDMO order in 2025
SAN FRANCISCO -- Lotte Biologics Co., the drug consignment development and production unit of South Korean conglomerate Lotte Group, will seek to wi...
Jan 17, 2025 (Gmt+09:00)
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Robotics
Lotte Duty Free unveils robot bartender in Gimpo Int'l Airport
South Korea's Lotte Duty Free said on Thursday it placed its AI-based robot bartenders in Gimpo International Airport.Lotte Duty Free offers robot...
Jan 16, 2025 (Gmt+09:00)
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Airlines
South Korea's deadliest plane crash in decades claims 179 lives
A passenger plane carrying 181 people, including six crew members, crashed in southwestern South Korea early Sunday, killing 179 people, according t...
Dec 29, 2024 (Gmt+09:00)
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Petrochemicals
Lotte Chemical’s JV to boost specialty chemicals output
Lotte Chemical Corp.'s joint venture with Japan’s Tokuyama Corp. will ramp up specialty chemicals production to accelerate its shift from...
Dec 27, 2024 (Gmt+09:00)
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E-commerce
Korea’s Shinsegae, China’s Alibaba to set up e-commerce joint venture
South Korea’s retail conglomerate Shinsegae Group has joined forces with Chinese online shopping giant Alibaba Group Holding Ltd. to better co...
Dec 26, 2024 (Gmt+09:00)
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Banking & Finance
Lotte Card Card to launch loans for affiliates in Vietnam
South Korea's Lotte Card said on Monday it will launch loans for affiliates in Vietnam.Lotte Finance Vietnam, the Vietnamese corporation of Lotte Ca...
Dec 26, 2024 (Gmt+09:00)
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Batteries
Lotte to supply advanced copper foil to Doosan for Nvidia’s Blackwell
Lotte Energy Materials Corp., a leading South Korean battery materials maker, said on Tuesday it will supply advanced copper foil to Doosan Corp.'s&...
Dec 17, 2024 (Gmt+09:00)
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Private equity
Affinity to transform top Korean car rental firms into mobility service providers
Affinity Equity Partners aims to develop leading South Korean car rental companies into mobility service providers to create additional profitabilit...
Dec 10, 2024 (Gmt+09:00)
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Private equity
Hong Kong-based PEF Affinity Equity to acquire control of Lotte Rental
Affinity Equity Partners, a Hong Kong-based investment firm, will acquire a controlling stake in South Korea’s No. 1 car rental and leasing co...
Dec 06, 2024 (Gmt+09:00)
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Mergers & Acquisitions
MBK kicks off Lotte Card sale for about $1.4 bn in 2nd bid
Lotte Card Co. is expected to be up for grabs in the first half of next year amid a second sale attempt by its largest shareholder MBK Partners, a N...
Dec 02, 2024 (Gmt+09:00)
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Executive reshuffles
Lotte replaces 21 CEOs, slashes executive jobs by 22% in drastic reshuffle
South Korea’s retail-to-chemical conglomerate Lotte Group on Thursday replaced 21 chief executives across its affiliates and slashed executive...
Nov 28, 2024 (Gmt+09:00)
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Corporate restructuring
Lotte puts department store in Centum City, Busan on market
Lotte Shopping Co. has put one of its core department stores, Lotte Department Store Centum City in Busan, on the market in line with its parent gro...
Nov 22, 2024 (Gmt+09:00)
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Corporate restructuring
Lotte Group denies liquidity crisis rumors to calm bond holders
Lotte Group on Thursday denied liquidity crisis rumors sparked by Lotte Chemical Corp.'s struggle to meet a bond redemption request after the South ...
Nov 22, 2024 (Gmt+09:00)
Latest News
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