LOTTE Corporation

#4214

Rank

$1.56B

MarketCap

South Korea

Country

Summary
LOTTE Corporation engages in the food, retail, tourism, chemical, construction, and finance businesses worldwide. It offers candies, biscuits, ice cream, beverages, liquor, and coffee; manufactures, wholesales, and retails soft drinks; produces and sells dairy products, and processed milk and meat products; and produces and sells alcoholic beverages, including soju, beer, whiskey, wine, and refined rice wine. The company also operates department stores, hypermarkets, supermarkets, discount stores, convenience stores, health and beauty stores, home shopping networks, and duty free shops; retails apparel; wholesales and sells consumer electronics; and offers integrated membership and easy payment services. In addition, it manufactures and sells processed aluminium, soft packaging materials, beverage cans, and PET bottles; offers synthetic resins, synthetic textiles, and by-products; manufactures and sells office equipment, medical devices, network cameras, etc.; constructs and manages golf courses; and provides amusement park services. Further, the company engages in car rental and equipment rental, resort condominium, tourist hotel, and social welfare businesses; provides lease financing, and corporate and individual loans; owns a professional baseball team; offers electronic financial services and education consulting services. LOTTE Corporation was formerly known as Lotte Confectionery Co. Ltd. and changed its name to LOTTE Corporation in October 2017. The company was founded in 1967 and is headquartered in Seoul, South Korea.

History

Lotte was founded in June 1948, by Korean businessman Shin Kyuk-ho in Tokyo, Japan, two years after he graduated from Waseda Jitsugyo High School . Originally called Lotte Co., Ltd, the company has grown from selling chewing gum to children in post-war Japan to becoming a major multinational corporation.

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 and named his newly founded company Lotte after the character Charlotte in the novel. Lotte's current marketing slogan in Japan is "The sweetheart of your mouth, Lotte" .


Mission
To create products and services that meet the needs of our customers, businesses and environment, and to create a corporate culture that encourages and fosters creative thinking and individual development.

Key Team

Mr. Hyung-Gi Min (Chief of Compliance Committee)

Mr. Ki Min Myung (Chief of India Office)

Mr. Je-Don Ryu (Sr. Managing Director)

Mr. Il-Min Lee (Sr. Managing Director)

Mr. Jae-Chan Lee (Sr. Managing Director)

Mr. Jong-Hyun Kang (Sr. Managing Director)

Seok-Hwan Lee (Sr. Managing Director)


Recognition and Awards
Lotte Corporation has been recognized by the Korean government as a leader in corporate social responsibility and innovation. It has received numerous awards, including the Korean Prime Minister’s Award, the Seoul Mayor’s Award, the Korean New Birth Award and the KOSDAQ Quality Award. In 2006, Lotte Corporation was named the Best Corporate Citizen of Korea by the Korea Management Association.

References
LOTTE Corporation
Leadership team

Mr. Dong-Bin Shin (Exec. Chairman & CEO)

Mr. Yong-Dok Song (Exec. Vice Chairman & CEO)

Mr. Dong-woo Lee (Vice Chairman & CEO)

Products/ Services
Confectionery, Construction, Finance, Food Processing, Hotel, Retail
Number of Employees
100 - 500
Headquarters
Seoul, Seoul-t'ukpyolsi, South Korea
Established
1967
Revenue
Above - 1B
Traded as
004990.KS
Social Media
Sun Mar 03 2024
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