Lotte Group

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.

See also: Lotte Holdings, Lotte Corporation, and Lotte (disambiguation)

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

Name

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
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

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

Lotte also owns professional baseball teams.

Lotte R&D Center

Controversies

See Lotte Corporation - Controversies.

See also

References
  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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