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Shin Kyuk-ho, founder and general chairman of the Korean retailer Lotte, has been removed from his company by shareholders, solidifying the succession of his second son, Shin Dong-bin, and coming closer to ending a family feud that started in 2015. Lotte is…
Busan’s Haeundae district is best known for its beach that attracts millions of visitors each summer. But it’s also a major MICE (meetings, incentives, conferences, and exhibitions) center, with the Busan Exhibition and Convention Center (BEXCO),and hosts…
South Korean retail giant Lotte Group’s hotel unit said Thursday it will go public on the KOSPI market on June 29, which is expected to fetch over 5 trillion won (US$4.19 billion) to mark as the nation’s largest-ever initial public offering (IPO). Hotel Lotte…
South Korean retail giant Lotte Group’s hotel unit is set to submit its application next week for listing on the Seoul bourse, pushing for a market debut as early as March, according to industry sources Friday. Hotel Lotte plans to submit the application to…
Hotel Lotte is reportedly set to file its application for listing on the nation’s main stock bourse early next week, according to sources Friday. They noted that the hotel unit of South Korean retail giant Lotte Group will submit its application to the Korea…
Lotte Group, a leading South Korean retail giant, vowed Thursday to nurture its female leaders to provide equal opportunities in its workforce. Group chairman Shin Dong-bin said in a forum that his conglomerate would increase female leaders to 30 percent of…
Chinese B2C e-commerce website JD.com and South Korean retail giant Lotte.com have signed a strategic cooperation agreement and an exclusive agreement under which JD.com will become the sole strategic partner of Lotte.com in the Chinese mainland for five…
Korea is becoming a major destination for young Chinese couples looking to splurge on expensive items for their upcoming marriages. Chen Yi, 34, and Chai Xuefang, 30, who recently visited Seoul from Shandong province, China, are typical of the growing number…
The 60-year-old chairman on Thursday became chairman of Lotte Holdings, the holding company of the Lotte Group in Japan, which was previously held by his brother Shin Dong-joo. This sealed his control of Lotte operations in both Korea and Japan. It is…
