...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...

....02 percent to 62,500 won. Hanwha Life Insurance dived 9.6 percent to 3,060 won, and Hyundai Fire & Marine Insurance plunged 7.07 percent to 32,200 won. Retailers were also among the losers, with Lotte Shopping shrinking 5 percent to 76,000 won and Shinsegae sliding 5.5 percent to 175,100 won. Top carmaker Hyundai Motor fell 2.05 percent to 239,000 won and its sister Kia dipped 3.21 percent to ...

Lotte Holdings has launched a health care media platform in Japan in line with its strategic initiative to strengthen its foothold in the health care sector. Initially introduced as part of Lotte Group’s digital marketing efforts in 2020, Lotte transformed the platform into an independent media corporation on Feb. 1, now officially known as Lotte Medi Palette Co., Ltd. The health care platform ...

... the flourish was Woori Finance Indonesia, the Korean card company's newly launched Indonesian corporation, which registered a cumulative net profit of 4.49 billion won in the period. Woori's figure o... profit for Korea‘s six card firms operating overseas -- KB Kookmin, Shinhan, Woori, BC, Hana and Lotte -- was around 25.6 billion won in total, down by almost 40 percent from the previous year. KB K...

...idebrain has completed more than 30 B2B metaverse projects. Its major projects include a recruitment promotion platform on Metaverse for the Korean Army Headquarters and AR experience content for Lotte Theme Park. The comp any focuses on digital marketing and corporate exhibitions using its metaverse platform. Widebrain won the Cisco Innovation Challenge Korea in 2023 and was a Scale-up Member...

The Incheon International Airport Corporation has unveiled its vision for the upcoming year, aiming to further digitalize the airport's systems and services for the convenience of passengers. "We ha...rt is committed to advancing in this direction. Meanwhile, Incheon Airport has collaborated with Lotte Global Logistics to introduce an "easy-drop" service, set to launch on Dec. 29. The service enab...

Lotte Group's year-end reshuffle announced on Wednesday signals a focus on new growth opportunities, placing the third-generation scion at the forefront. The conglomerate, ranked as the country's si... stepping down and key executives being replaced to advance the group's core business portfolio. Lotte Corporation's ESG Management Innovation Office Executive Lee Hoon-ki will head Lotte Chemical, f...

... areas including financial cooperation. In the energy industry, several collaborations were established centered around the hydrogen sector, including a letter of intent by Korea Electric Power Corporation, Posco Holdings and Lotte Chemicals with petroleum refiner Saudi Aramco, the world's second-largest company by revenue, to produce blue ammonia at a total project cost of $15.5 billion. As a cleaner alternative, blue ammon...

...ducts, Kokie Cosmetic, Lakme Cosmetics, Lumenis , Nuova Fapam , Parlux , Takara Belmont Corporation , The Kirschner Group , Ultra V Hong Kong , Wishpro . Cosmopack Asia is a preview of ... trends for coming years will be born here in Asia ." Kim Da Jeong , Senior Cosmetic Buyer of Lotte Department Store (Korea). "Cosmoprof Asia is such a massive international show in Asia ! It a...

...interest coverage ratios for two years on end. The Korean Reinsurance Co. posted the highest interest coverage ratio of 1,810.2, followed by power plant solutions provider KEPCO KPS with 666.5 and Lotte Fine Chemicals Co. with 364.6. Of the 21 major industries, only the shipbuilding and machinery sector saw its ratio rise to 5.2 from 1.3 over the cited period, with the remainder suffering setbac...

With the aim of alleviating childhood inequality, Lotte is also planning to expand its “Mom’s Happiness Playground” project, which builds safe, eco-friendly playgrounds in poor communities. Starting...ony for military families, commemorating those who have devoted themselves to the nation. The corporation’s subsidiaries are also practicing social contribution activities in their respective sectors...