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S.Korean travel retailers’ downfall without Chinese big spenders
Lotte Duty Free shop entrance in Myeongdong, Seoul (Courtesy of Yonhap) Before COVID-19 swept the world, South Korea’s top two…
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Korea’s Everland to lure horror fans with Netflix series
(Courtesy of Everland) Everland, South Korea’s largest theme park, is set to lure horror movie fans at home and abroad…
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Korea Shopping Festa in Vietnam records $12.9 mn in export consultations
The Korean Ministry of SMEs and Startups said on Friday that the “2024 Korea Shopping Festa with Lotte” export consultation…
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Hana Card’s debit card overseas payment reaches 50%
South Korea’s Hana Card reported on Friday that its domestic market share in overseas debit card payments has reached nearly…
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MBK Partners’ sale of Homeplus Express hits a snag over valuation gap
A Homeplus Express store in Seoul MBK Partners’ planned sale of Homeplus Express, the supermarket chain of South Korean hypermarket…
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Lotte to open shops within Singapore NTUC FairPrice outlets
NTUC FairPrice CEO Vipul Chawla (third from left) and Lotte Shopping CEO Kim Sanghyun (fourth from left) pose after signinig…
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Lotte develops nickel-plated foil for solid-state battery
Lotte Energy Materials’ nickel-plated copper foil (Courtesy of Lotte Energy Materials) Lotte Energy Materials Corp., a major South Korean battery…
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Lotte Energy to supply copper foil to Samsung SDI-Stellantis JV
Lotte Energy’s copper foil production line (Courtesy of Lotte Energy Materials) Samsung SDI Co., South Korea’s third-largest battery maker by…
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Korean Telco giant KT’s Midas touch with hotel business
Le Méridien Seoul in Myeongdong (Courtesy of Le Méridien) KT Corp., one of South Korea’s top three mobile carriers, is…
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LG Elec hosts OLED TV media art exhibition in Vietnam
LG Electronics Inc. held a media art exhibition, “The Future Becomes Now,” at the heart of Vietnam’s bustling metropolis Lotte…
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Acquisition loan rates dip to pre-pandemic levels in S.Korea
(Courtesy of Getty Images) Interest rates on acquisition financing in South Korea are set to stabilize at the 5% level,…
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7-Eleven ratchets up sports marketing to take on GS25, CU
A long line forms outside 7-Eleven’s pop-up store within Lotte World Tower 7-Eleven, the third-largest convenience store chain in South…
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Korean firms rush to sell bonds with yields at over 2-yr low
(Courtesy of Getty Images) South Korea’s corporate bond markets are having an unusual busy summer as companies are rushing to…
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Slowing economy, opportunity for S.Korean used car sellers
Used cars parked at dealerships in Janganpyeong, Seoul, South Korea’s largest secondhand car market (File photo by Sol Lee) South…
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Samsung, Ottogi unveil exclusive lifestyle TV goods
Samsung Electronics Co. announced on Friday that it collaborated with the domestic food company Ottogi to release limited edition goods…
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Lotte Rental establishes UAE subsidiary
South Korea’s Lotte Rental Co. said on Thursday that it established an overseas subsidiary in Dubai, United Arab Emirates (UAE),…
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South Korea to develop gas-cooled reactor with POSCO, SK, Daewoo
A nuclear power plant operated by Korea’s KHNP South Korea has embarked on a 44.5 billion won ($32.3 million) project…
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LG Chem emerges as global No. 4 chemicals maker: C&EN
LG Chem’s chemistry scientists (Courtesy of LG) South Korea’s LG Chem Ltd. has emerged as the world’s fourth chemicals producer,…
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Lotte India, Havmor to merge to raise $722.4 mn in sales
Lotte Wellfood’s headquarters building in Seoul, South Korea (Courtesy of Lotte Wellfood) South Korean confectionery giant Lotte Wellfood Co. will…
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Lotte Wellfood expands dairy exports to Vietnam
South Korea’s Lotte Wellfood Co. announced on Thursday that it will increase dairy exports to the Vietnamese market. The products…
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Lotte Infracell, Constellium sign anodic film supply contract
South Korea’s Lotte Infracell announced on Wednesday that it signed a long-term supply contract for anodic film raw materials with…
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High power bills drive Korean manufacturers out of country
Samsung Electronics semiconductor complex in Taylor, Texas under construction (File photo by EPA/Yonhap) South Korean manufacturers moved abroad as electricity…
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Lotte Rental to service Vietnam’s individual long-term rental
Lotte Rental Co., South Korea’s largest car rental firm, announced on Monday that it will enter Vietnam’s individual long-term car…
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Lotte leader Shin Dong-bin stresses pivot to AI-centered innovation
Lotte Group Chairman Shin Dong-bin (left) at the 2024 Lotte Investment Showcase, a gathering of in-house and independent startups Shin…
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Korea’s Lotte Card sees 1st profit in Vietnam since launch
(Captured from Lotte Finance Vietnam website) Lotte Card Co., South Korea’s No. 5 credit card issuer, enjoyed its first profit…
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More luxury brands seek Korean market on sales surge
Consumers walking on the street in Cheongdam-dong, an affluent neighborhood in southern Seoul South Korea’s luxury goods market, estimated at…
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Lotte Innovate releases autonomous security robot Dooroo Eye
South Korea’s Lotte Innovate will unveil its autonomous security robot, Dooroo Eye, at the upcoming Autonomous Driving Mobility EXPO 2024,…
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Lotte Dept. Store introduces AI for internal operations
South Korea’s Lotte Department Store announced on Sunday that it will introduce artificial intelligence (AI) across all internal operations, aiming…
