Industry

Lotte in Jakarta

Shin Dong-bin, chairman of Korean retail giant Lotte Group, third from right, with Candra Ciputra, president of Indonesia’s Ciputra Group, second from right, and Shin Hun, Lotte Department Store president, right, walking along Lotte Shopping Avenue, which is located within the 53-story Ciputra World mall in Jakarta, Indonesia, on Saturday.

Lotte Shopping Avenue, which takes up nine floors from B3 to the sixth floor, operates Lotte Department Store and Lotte Duty Free as well as its coffee house Angel-in-us and fast food joint Lotteria.

Not only is this Lotte’s first department store to operate in Indonesia, it is its fourth in the global market after one in Russia and two in China. [NEWSIS]