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October 03, 2023
Lotte names ex-Samsung exec as new design chief
South Korean retail giant Lotte Group on Wednesday named Lee Don-tae, former president of the Samsung Art and Design Institute, as its new head of design strategy. Upon his appointment, Lotte announced that its Lotte Design Management Center has been rebranded as the ...
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September 27, 2023
[KH Explains] Lotte goes all-out to secure cash amid lackluster earnings
South Korean retail giant and the nation's fifth-largest conglomerate Lotte Group is reportedly resorting to liquidating billions of won in assets as it grapples with flagging performance posted acro...subsidiaries, Lotte Shopping and Lotte Chemical. Lotte S...
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September 25, 2023
Incheon Airport passenger traffic to recover during Chuseok holiday
... Narita International Airport over the six-day holiday, for instance, costs over 1 million won ($748) as of Sunday, two or three times more expensive than usual. According to a survey conducted by Lotte Members, Lotte Group's membership provider, around 46 percent of some 4,0...
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September 24, 2023
Lotte opens major shopping complex in Vietnam
Lotte Shopping, the retail arm of South Korean retail giant Lotte Group, said it held the grand opening ceremony for its shopping complex Lotte Mall West Lake Hanoi on Friday, following the company's efforts to expand its presence in the Vietnamese market. Standing on...
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September 10, 2023
Lotte Homeshopping conducts first voluntary redundancy program
Lotte Homeshopping, the TV channel of South Korean retail giant Lotte, initiated its first voluntary redundancy program amid spluttering financial performance, according to a company official on Friday. From Thursday to Wednesday, the company will allow employees aged 45 or old...
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September 08, 2023
Hyundai, LG chiefs visit Indonesia to bolster EV, battery partnerships
...aders including Hyundai Motor Group Executive Chair Chung Euisun, LG Group Chairman Koo Kwang-mo, Lotte Group Chairman Shin Dong-bin and LS Chairman Koo Ja-eun were scheduled to participate in a busin...er of Commerce and Industry. “(Korea) has a complementary business relationship wit...
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August 31, 2023
Hillstate Sinyong in Gwangju blends modernity, nature
...es an easy work commute. This hub, currently expanding with its third district, is anticipated to boost local residential demand. Daily essentials are well within reach. Retail establishments like Lotte Mart Cheomdan and entertainment venues such as CGV Cheomdan are close by. For healt...
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August 24, 2023
[KH Explains] Mango bingsu prices continue to go up but why?
... also raised the price of its progenitor luxury mango bingsu by 18.1 percent to 98,000 won, while Lotte Hotel increased the price by 4.5 percent to 92,000 won. The price rally drew particular attenti...022, Four Seasons Hotel Seoul raised its mango bingsu price by 41 percent, while Shi...
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August 22, 2023
Samsung’s WindFree AC is peak of luxury design: top interior designer
...he ceiling," Kwon said. "If you are seeking high-end, timeless interior design, the latest Samsung air conditioner should be your ultimate goal." Kwon has taken part in a number of diverse interior styling projects, including the 2022 The Maison exhibition and the 2023 Lotte Art Fair ...
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August 18, 2023
Lotte donates $100,000 to Hawaii wildfire victims
South Korea’s fifth-largest conglomerate Lotte Group said Thursday it made donations worth $100,000 in a bid to help Hawaii cope with the aftereffects of devastating wildfires that recently demolished the island of Maui. Lotte said the donation will be sent to Friends of Hawai...
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August 16, 2023
Lotte chairman highest-paid chaebol leader in H1
Lotte Group Chairman Shin Dong-bin was the highest-paid business leader in Korea for the first half of this year, regulatory filings posted Monday by major firms in Korea showed. Shin received total compensation of 11.2 billion won ($8.37 million) from the retail giant's six affiliates i...
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August 11, 2023
Industries upbeat about return of Chinese tourists
...y takes more than two to three months to reopen new or halted routes,” a Jeju Air official said. Lotte Duty Free, which saw its operating loss widen last year due to the prolonged COVID-19 lockdown i...tourism companies to make travel products, attract customers and actually bring the...
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August 06, 2023
Department stores on high alert amid copycat crime threats
...n department stores on Friday boosted security measures after copycat crime threats went viral online, following a stabbing rampage at a department store in Bundang, Gyeonggi Province on Thursday. Lotte Property & Investment, one of the leading department store operators here, on Frida...
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August 06, 2023
Hyundai Card tops brand reputation among credit cards in August
...d of 5,642,994. The brand has maintained the top spot for 10 consecutive months since last October. Shinhan Card followed in the list in second place, followed by Samsung Card, KB Kookmin Card and Lotte Card. Among the top five, Lotte Card was the only brand that saw a rise ...
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July 21, 2023
Conglomerates team up to support rain victims
...unced a 2-billion-won donation. Posco’s steel plant in Pohang will donate relief goods worth about 50 million won to North Gyeongsang Province, one of the areas most affected by the monsoon rains. Lotte Group and Hanwha Group each contributed 1 billion won to assist rebuilding and res...
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July 11, 2023
Bottled water prices hit 11-year high
...the brand's first price hike since 2018. Jeju Samdasoo currently stands as the No. 1 bottled water brand in the country in terms of market share as of 2023, according to Euromonitor. Additionally, Lotte Chilsung Beverage, the beverage unit of the Korean conglomerate Lotte Gro...
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June 30, 2023
Apple Pay sees 26m transactions in Korea in first 100 days
... brands such as GS25, CU, Costco, Starbucks, and Paris Baguette were observed to have a substantial amount of payments made through Apple Pay. Among online merchants, Baemin, Musinsa, Burger King, Lotte ON, and Korean Air, among others, stood out for their high volume of transactions f...
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June 23, 2023
Chaebol chiefs meet with French president
... France (MEDEF) International, a major French business federation. The roundtable was attended by 30 top businesspeople and government officials from the two countries including executives of Kia, Lotte Group, Posco International and SK Telecom. From the French business circle, executi...
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June 19, 2023
Pixar movies to run on Samsung’s Onyx Cinema LED screens
...00 nits, which is nearly six times greater than what is possible with standard projector technologies, according to Samsung. Samsung Electronics first implemented the Onyx Cinema LED screen at the Lotte Cinema World Tower Branch in Jamsil, Seoul, and has also distributed the screen to ...
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June 19, 2023
Fukushima water fears stoke soaring salt demand
...e same period last year, E-mart's sales of salt from June 1 to 14 increased by 55.6 percent, while sales of sea salt jumped 118.5 percent, according to data from the nation's hypermarket chain. At Lotte Mart, sales of salt items climbed 30 percent during the same period while those sol...