Korea Joongang Daily
Korea JoongAng Daily

Lotte Group to discuss cutting costs at upcoming executive meeting

Lotte Group will hold a meeting to strategize for 2023 under potential liquidity concerns. With 80 executives attending, the focus will be on new business models, cost-cutting, and reassuring investors.

2025-01-07

Busy in Busan: Lotte Group makes kimchi for needy households

Employees of Lotte Group affiliates and civic groups make kimchi at Sajik Baseball Stadium in Busan on Tuesday.

2024-12-03

Lotte Chemical assures investors it can pay back its debts

Lotte Group, rumored to be facing a liquidity crisis, assured investors Thursday that subsidiary Lotte Chemical has enough cash to pay back its debts despite having breached the terms of a loan agreement.

2024-11-21

Constitutional Court tosses complaint about Thaad deployment

The Constitutional Court on Friday dismissed two petitions by Won Buddhist followers and residents of Seongju, North Gyeongsang, who claimed that the system's deployment violated their rights.

2024-03-29

Lotte Mart’s new loyalty program 'Snow Point' attracts new members

Lotte Mart’s new loyalty program “Snow Point” garnered more new members, announced the retailer Sunday. The new points system is more beneficial to loyal customers, unlike many existing memberships that target all customers in general...

2023-02-27

Lotte Group looks to invest in the future

Lotte Group is continuing to expand its business into future-oriented industries with a five-year plan to secure future growth engines.

2022-07-27

Lotte Shopping e-commerce boss quits after year of big losses

Cho Young-je, head of the e-commerce business unit at Lotte Shopping, is resigning to take responsibility for the poor performance of the company’s Lotte On e-commerce shopping platform.

2021-02-25

Lotte Group focuses on giving back and going green

As environmental, social and governance (ESG) initiatives become vital in business, Lotte Group is strengthening its ESG management for sustainable growth. On Jan. 13, Lotte Group Chairman Shin Dong-bin emphasized the importance of ESG management...

2021-02-22

Lotte chair highlights importance of ESG initiatives

Lotte Group Chairman Shin Dong-bin highlighted the importance of environmental, social and governance (ESG) initiatives during his visit to a chemical plant in Ulsan.

2020-11-19

[NEWS ANALYSIS] Chaebol family shareholders face challenges, opportunities

Chaebol are changing with the times and with the generations. As the children of the major shareholders inherit the stock of their parents, opportunities present themselves, as do major challenges.

2020-11-01