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Lotte Group

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Lotte Group
Native name
  • ロッテグループ
  • 롯데그룹
IndustryConfectionary, beverages, hotels, retail, construction, entertainment
FoundedAugust 15, 1948; 76 years ago (1948-08-15)
FounderShin Kyuk-ho
Areas served
Worldwide
Key people
Websitewww.lotte.co.jp
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

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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

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Lotte Ghana Chocolate
Lotte Department Store in Seoul
Lotte New York Palace Hotel

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

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Lotte Group's major businesses are food, retail, chemical, construction, manufacturing, tourism, service, finance, etc.

Sports

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Lotte also owns professional baseball teams.

Lotte R&D Center

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Controversies

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See Lotte Corporation - Controversies.

See also

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References

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  1. ^ "FTC names 59 chaebol to 2019 watch list". koreajoongangdaily.joins.com. 15 May 2019. Retrieved 21 March 2023.
  2. ^ Borad, Sanjay Bulaki (28 June 2021). "Chaebol – Meaning, Importance, Drawbacks, and More". eFinanceManagement. Retrieved 21 March 2023.
  3. ^ www.lottehotel.com. "Lotte Hotel Seoul – Hotel Facilities, Fitness, Spa, Conference room". www.lottehotel.com. Retrieved 19 August 2017.
  4. ^ "Korean Chaebols: Lotte. The Origin of the Lotte Name". Retrieved 20 April 2014.
  5. ^ "Inside the Korean cinemas offering a red-carpet experience". 13 September 2019.
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