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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…
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Women in 20s become mainstream Korean baseball audience
LG Twins’ fans are cheering for the pro baseball team in Jamsil Baseball Stadium on July 9, 2024 South Korea…
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Lotte Home Shopping’s Bellygom debuts in Taiwan, Japan
South Korea’s Lotte Home Shopping announced on Wednesday that its character Bellygom will enter the Taiwanese and Japanese content market,following…
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Lotte Mart renewed Hanoi Store as K-food special
South Korea’s Lotte Mart said on Thursday it renewed its Hanoi Center store into a grocery specialty outlet, catering to…
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Lotte Biologics targets $1.1 billion in sales with a new bio plant
Lotte Biologics CEO Richard Lee unveils the company’s long-term business strategy South Korean biopharmaceutical company Lotte Biologics Co. said on…
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Lotte Chemical’s rating outlook cut on worsening financials
Lotte Chemical’s petrochemical plant in Daesan, Seosan of South Chungcheong Province (Courtesy of Lotte) South Korea’s No. 2 petrochemicals maker…
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Duty-free stores: No more golden goose for Korean retailers
A Lotte Duty Free store in downtown Seoul South Korea welcomed a record-high number of post-pandemic foreign tourist arrivals for…
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Woori to buy Dajia’s insurers in Korea for up to $2.2 bn
Woori Financial Group headquarters in Seoul (File photo) Woori Financial Group Inc., South Korea’s fourth-largest financial services holding company, is…
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Lotte Home Shopping to enter health functional food market
South Korea’s Lotte Home Shopping announced on Monday that it plans to establish a joint venture, The Edition Health, with…
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Lotte Energy Materials sets sights beyond copper foil: CEO Kim
Lotte Energy Materials CEO Kim Yeon-seop at InterBattery Europe 2024 in Munich, Germany MUNICH – Lotte Energy Materials Corp. is…
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Lotte Chemical develops anti-thermal runaway material
Lotte Chemical Logo (Courtesy of Lotte Chemical) Lotte Chemical Corp., South Korea’s second-largest petrochemicals company seeking to ramp up value-added…
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Jeju casinos, hotels bask in return of Chinese tourists; luxury shops fall
Jeju Island (Getty Images) Following the pandemic, hotels and casinos are enjoying a renewed tourist boom with Chinese tourists returning…
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Lotte Hotels opens L7 Hotel in Chicago
South Korea’s Lotte Hotels & Resorts announced on Friday that it held the opening event for L7 Chicago by Lotte…
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Korean food firms chase sizzling K-food demand with expansion
Nongshim booth at Korea Expo 2024 in Paris on May 24, 2024 (Courtesy of News1 Korea) South Korean food companies…
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Lotte Home Shopping to unveil Bellygom game
South Korea’s Lotte Home Shopping announced on Monday that it will release a mobile game called Bellygom Match Land, leveraging…
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Southeast Asia, Korea Inc’s new IT outsourcing powerhouse
Software developers working at Mobile C&C Cambodia’s office in Phnom Penh, Cambodia on Jun 5, 2024 PHNOM PENH – South…
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Shinsegae Dept. Store to sell luxury wines in Gangnam
Shinsegae wine shop South Korean retail giant Shinsegae Group is set to sell luxury wines with price tags of as…
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Korea’s golf apparel market shrinks as golf boom fizzles
A golf clothes store within a department store in Korea The heyday of South Korea’s golf apparel market seems to…
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Korea Inc.’s AI executives double with LG Group leading the pack
AI robot The number of executive-level artificial intelligence (AI) specialists at South Korea’s 30 largest conglomerates has more than doubled…
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Hanwha Galleria poised to buy drink maker Pure Plus
(Screenshot captured from Pure Plus website) Hanwha Galleria Corp., a South Korean department store operator, signed a memorandum of understanding…
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Seaweed, dubbed ‘Korea’s black semiconductor,’ powers its economy
Korean food at Lotte Mart’s Gandaria City Mall hypermarket Dried seaweed, widely used to make kimbap, or seaweed-wrapped rice rolls,…
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Hotel Lotte resumes global push with management deals
Lotte World Tower in which Signiel Seoul is located (Courtesy of Hotel Lotte) Hotel Lotte Co., South Korea’s leading hospitality,…
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Lotte Wellfood, Studio Dragon to collaborate on K-contents
South Korea’s Lotte Wellfood Co. announced on Friday that it signed a memorandum of understanding (MOU) with K-drama producer Studio…
