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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…
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Lotte Global Logistics, KOBC to partner for global logistics
South Korea’s Lotte Global Logistics announced on Monday that it signed a memorandum of understanding (MOU) with the Korea Ocean…
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Chinese group tours to Korea poised for strong revival
Chinese group tourists shopping at Lotte Duty Free shop in Myeong-dong, Seoul on May 7, 2024 (Courtesy of Lotte Duty…
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(DO NOT PUBLISH) Startups bet on affluent Gen X in Korea’s senior living market
Rendering image of VL Lewest, a luxury senior living community under development by Lotte Hotels & Resorts in Seoul, South…
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S.Korea’s largest startup fair NextRise to be held in June
The Korea International Trade Association announced on Tuesday that the largest domestic startup fair in South Korea, NextRise 2024 Seoul,”…
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Aman, Rosewood, Banyan, IHG rush to open luxury hotels in Seoul
Four Seasons Hotel in central Seoul Globally renowned hospitality companies, including Aman, Rosewood and IHG Group, are rushing to South…
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Lotte Tour’s Jeju Island casino triples revenue
Jeju Dream Tower Casino, located on South Korea’s top tourist island of Jeju and run by Lotte Tour Development Co.,…
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Korean retailers, hotels enjoy tourist boom in May holidays
Foreigners at Myeong-dong, international tourists’ top destination in Seoul, on April 30, 2024 (By Bum-June Kim) South Korean retailers and…
