Lotte Group, one of South Korea's largest conglomerates, on Thursday refuted concerns of a liquidity crisis, stating its total assets, including deposits, reached 139 trillion won ($99.4 billion) as ... trillion won, according to a statement. The clarification came in response to rumors suggesting Lotte may face a liquidity crisis due to challenges in its chemical affiliate. Lotte Chemical Corp. h...

Emily Cho, president and chief marketing officer of Hanjin Logistics Corporation, visited 11 countries in the first half of this year alone as she continued adding impetus to extending the global shi... only. Excluding conglomerates with heavier reliance on intra-sales, Hanjin competes head-on with Lotte for a distant No. 2 position, while CJ remains the dominant No. 1. The crosstown rivalry is als...

Lotte Corp., the South Korean holding company of Lotte Group, is strengthening its corporate social responsibility campaigns, placing particular focus on children, women and military personnel. Sinc...ations. Under the sponsorship of Lotte Corp., other Lotte affiliates have also participated, with Lotte Chilsung Beverage donating women's products to those in need, Lotte Rental organizing plogging e...

...bility, according to the company. In June, Posco's landing pad underwent rigorous testing during Lotte E&C's urban air mobility demonstration project at an aviation center in Goheung, South Jeolla Pr...tructure market." In 2023, Posco signed a memorandum of understanding with the Korea Airports Corporation and Hanwha Corporation E&C Division for the joint development of UAM vertiports. The three co...

TOKYO , Aug. 29, 2024 /PRNewswire/ -- LOTTE Holdings Co., Ltd. ("LOTTE Holdings") is pleased to announce the establishment of a new Healthcare and Biopharmaceutical Corporate Venture Capital ("CV...uku-ku, Tokyo, Japan 160-0023 Representative Director & CEO: Genichi Tamatsuka URL: https://lotte-hd.com/ Since its founding in 1948, LOTTE has continually advanced innovation. Today, LOTTE has...

...of July, there were five consortiums taking part in the government’s K-UAM project. Two of them -- K-UAM One Team consisting of Hyundai Motor Group, Korean Air, KT, Incheon International Airport Corporation and Hyundai Engineering & Construction and Lotte Group consortium made up of Lotte Rental, Lotte Engineering & Construction and Lotte Innovate -- have completed the GC1 part. K-UAM One Team became the first team to complete the ministry’s overa...

...Newswire/ -- In a landmark event signaling its ambitious foray into the biopharmaceutical sector, LOTTE BIOLOGICS, under the leadership of CEO Richard W. Lee , held a groundbreaking ceremony for its... BIOLOGICS Chief Global Strategy Officer Yoo-Yeol Shin, Incheon Yeonsu District Mayor Jae-Ho Lee, LOTTE E&C CEO Hyeon-Cheol Park, LOTTE Corporation CEO Dong-Woo Lee, National Assembly Member Il-Young ...

...er 20 million clients, both individual and corporate customers. It has over 300 branches across Vietnam and overseas, including Laos, Cambodia and Russia. The state bank has also joined hands with Lotte Department Store, under Korean retail giant Lotte, which has extensively expanded in Vietnam. Customers can use the bank’s quick response code for payments at Lotte Department Stores. “The QR code payment market has been showing sharp growth, ex...

... latest trends, technologies, and strategies transforming the retail landscape in Asia Pacific . Industry leaders from renowned companies such as AEON Group, Amazon, Coca-Cola, Central Retail Corporation ( Thailand ), Domino's, Fast Retailing (UNIQLO), Hermès, Mastercard, Moët Hennessy, Puma, Lotte Corporation, and Wumart, among others, shared their insights on topics ranging from omnichannel retailing and sustainable practices to the integration of artificial intelligence (AI) and the evolu...

... from 15 nations will show case Sarawak's Green Hydrogen mega projects consisting H2biscus, H2ornbill and Rembus. Amongst the exhibiting companies are Eneos, Ice Petroleum, Korean National Oil Corporation, Lotte, PETRONAS, RECODA, Sumitomo, Samsung, Swagelok, and RECODA. Entry to the trade exhibition is free. For registration and further details on APGH 2024, please visit www.hydrogenapac.com . For fu...

...anking and diversify its revenue streams. As the only major financial group without an insurance division, Woori Financial Group is currently considering entering the insurance sector by acquiring Lotte Insurance. Last week, it was reported that Woori submitted a preliminary bid to purchase JKL Partners' 77 percent stake in Lotte Insurance, with due diligence ahead to determine the insurer's value. Lee underscored the group's interest in the deal but reaffirmed that they would "not overpay" for any acquisition, including ...

SSG Landers slugger Choi Jeong is the new home run king in South Korean baseball. Choi launched his 468th home run off Lotte Giants starter Lee In-bok at Sajik Baseball Stadium in the southeastern city of Busan on Wednesday, passing former Samsung Lions star Lee Seung-yuop on the all-time home run list in the Korea Baseball Organization. With the Landers trailing 7-4, Choi came up with two outs...

The average salary of an executive of a major South Korean corporation is almost 11 times that of an average employee working at those companies, a report by an online think-tank monitoring local con... its non-executive employees. It was followed by CJ Group where average pay was 53.3 million won, Lotte Group (63.3 million won), and GS Group (67.6 million won). On average, the salaries of executiv...

...ition in the market. Sephora's exit from the market follows a trend of closures among other beauty retailers over the last few years. GS Retail's Lalavla ceased operations in November 2022, while Lotte Shopping's LOHB's downsized significantly, maintaining only 10 shop-within-shop outlets located at Lotte Mart stores. Similarly, Boots, the UK's leading health and beauty brand introduced by Shinsegae Group, closed its doors in Korea within five years. Shinsegae's own Chicor remains one of the few s...

...March 21, the KCCI said. During Thursday’s meeting, Samsung Electronics President Park Seung-hee, Lee Hyung-hee, SK Supex Council's social value committee head, LG Corp. President Ha Beom-jong and Lotte Corp. Vice Chairman Lee Dong-woo were selected as vice chairs of the Seoul regional chamber. The SK Group chief, who has been serving his first term since early 2021, has been working for the KCC...