Lotte Group
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Native name |
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|---|---|
| Industry | Confectionary, beverages, hotels, retail, construction, entertainment |
| Founded | August 15, 1948 |
| Founder | Shin Kyuk-ho |
Areas served | Worldwide |
Key people |
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| Website | www www.lotte.co.kr |
Lotte Group is a corporate group started by Korean businessman Shin Kyuk-ho in Tokyo on June 28, 1948, starting with the Japanese Lotte Co., composed of Lotte Holdings (Japan) and Lotte Corporation (South Korea).[1][2] Shin expanded Lotte to his ancestral country, South Korea, with the establishment of Lotte Confectionery in Seoul on April 3, 1967.
Name
[edit]The source of the company's name is neither Korean nor Japanese, or even Chinese, but German. Shin Kyuk-ho was impressed with Johann Wolfgang von Goethe's The Sorrows of Young Werther (1774) and named his newly founded company Lotte after the character Charlotte in the novel.[3][4] ("Charlotte" is also the name of premium auditoriums in movie theatres run by Lotte.[5]) Lotte's current marketing slogan in Japan is "The sweetheart of your mouth, Lotte" (お口の恋人,ロッテ, Okuchi no koibito, Rotte).
Operations
[edit]
Lotte Corporation – is located in Songpa-gu, Seoul and Lotte Holdings Co., Ltd. in Shinjuku, Tokyo. It is controlled by the founder Shin Kyuk-Ho's extended family.
Business
[edit]Lotte Group's major businesses are food, retail, chemical, construction, manufacturing, tourism, service, finance, etc.
- Food: Lotte Confectionery, Lotte Chilsung, Lotte Liquor, Lotte Nestle, Lotte Asahi Liquor, Lotte GRS, and others.
- Retail/Entertainment: Lotte Department Store, Lotte Shopping,Lotte Hi-Mart, Lotte Super, Lotte On, Lotter Korea Seven, FRL Korea, Lotte Cultureworks and others.
- Chemical/construction/manufacturing: Lotte Construction, Lotte Chemical, Lotte Fine Chemical, Lotte MCC, Lotte E&C, Lotte Aluminium, Lotte Ineos Chemical, Korea Fujifilm, and others.
- Tourism/service/finance: Lotte Global Logistics, Lotte Rental, Lotte Resort, Lotte Duty Free, Lotte World, Lotte Property & Development, Lotte Capital, Lotte Hotels & Resorts, Lotte Giants, Daehong Communications, Lotte Hotel Busan, Lotte International, and others
Sports
[edit]Lotte also owns professional baseball teams.
- Chiba Lotte Marines in Japan (1971–present)
- Lotte Giants in Busan, South Korea (1982–present).
Lotte R&D Center
[edit]- Korea R&D Center : 201, Magokjungang-ro, Gangseo-gu Seoul, South Korea
- Japan R&D Center : Saitama, Saitama Prefecture, Japan
Controversies
[edit]See Lotte Corporation - Controversies.
See also
[edit]- Lotte Corporation
- Lotte World Tower
- Shin Dong-bin, also known as Akio Shigemitsu
- Chaebol
References
[edit]- ^ "FTC names 59 chaebol to 2019 watch list". koreajoongangdaily.joins.com. 15 May 2019. Retrieved 21 March 2023.
- ^ Borad, Sanjay Bulaki (28 June 2021). "Chaebol – Meaning, Importance, Drawbacks, and More". eFinanceManagement. Retrieved 21 March 2023.
- ^ www.lottehotel.com. "Lotte Hotel Seoul – Hotel Facilities, Fitness, Spa, Conference room". www.lottehotel.com. Retrieved 19 August 2017.
- ^ "Korean Chaebols: Lotte. The Origin of the Lotte Name". Retrieved 20 April 2014.
- ^ "Inside the Korean cinemas offering a red-carpet experience". 13 September 2019.
