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;75 years ago (1948-08-15)
Founder Shin Kyuk-ho
Areas served
Worldwide
Key people
Website www.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.

Contents

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 Ghana Chocolate.jpg
Lotte Ghana Chocolate
Lotte Department Store in Seoul Lotte Department Main Store.JPG
Lotte Department Store in Seoul
Lotte New York Palace Hotel Villard Houses Mar 2021 08.jpg
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.

Sports

Lotte also owns professional baseball teams.

Lotte R&D Center

Controversies

See Lotte Corporation - Controversies.

See also

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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.