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Lotte cooks up Singapore food venture under 'One Lotte' push

Lotte will launch a Singapore joint venture next month to combine its Korean and Japanese food operations across Asia under its "One Lotte" strategy.

2026.6.30

Lotte Group to acquire site of Lotte New York Palace hotel for $490 million

Lotte Group will acquire the site of the hotel Lotte New York Palace in Manhattan for $490 million as part of broader efforts to secure long-term operational stability for the hotel and strengthen its global brand value.

2025.12.15

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Kim Sang-hyun, vice chairman and CEO of Lotte Retail Group, delivers a keynote speech at an Asia-Pacific Economic Cooperation (APEC) CEO Summit session titled ″Digital Transformation & Retail Efficiency,″ at Gyeongju Arts Center in Gyeongju, North Gyeongsang, on Oct. 29. [JOINT PRESS CORPS]

Retail leaders counting on AI to 'improve,' not replace, traditional in-store experience

Kim Sang-hyun, vice chairman and CEO of Lotte Retail Group, said Wednesday that digital transformation is reshaping the retail landscape across Asia — not as a way to replace physical stores, but to “reinvent and improve” them.

2025.10.29

Lotte Group Chairman Shin Dong-bin inspects the ADC production facility at Lotte Biologics’ Syracuse bio campus in New York on Oct. 5. [LOTTE GROUP]

Lotte Group chief makes first inspection tour of U.S. bio campus since 2023 acquisition

Lotte Group Chairman Shin Dong-bin visited the group’s U.S. biopharmaceutical hub in Syracuse, New York, on Sunday, marking his first inspection of the site since its acquisition in 2023.

2025.10.9

Shin Yoo-yeol, third from left, executive vice president of the Future Strategy Office at Lotte, and Serai Group Chairman Najib Hamid, fourth from left, pose for photos with other officials after signing a partnership agreement for the launch of Lotte GRS' Lotteria burger chain in Malaysia at the Lotte World Tower in Jamsil, southern Seoul, on Aug. 6. [YONHAP]

Burger chain Lotteria to open 1st outlet in Malaysia this year

Lotteria will open its first Malaysian outlet this year and plans 30 locations in five years as part of expansion strategy.

2025.8.6

Lotte Engineering and Construction headquarters in Seocho District, southern Seoul [YONHAP]

Lotte E&C mulls sale of headquarters to boost solvency

Lotte Engineering & Construction is looking to sell its 500 billion won headquarters as it seeks ways to lower its debt ratio, most recently sitting at 217 percent.

2025.2.27

Former Lotte Chemical CEO and President Lee Hun-ki, center, and firm employees examine the construction site of a petrochemical complex in Indonesia on April 23, 2024. [YONHAP]

Lotte Chemical to sell Pakistani subsidiary amid persistent liquidity crisis rumors

Lotte Chemical is finalizing the sale of its Pakistani unit amid rumors of a groupwide liquidity crisis.

2025.2.17

Lotte Group said on Jan. 7 that it would hold an executives' meeting to discuss this year's business strategies amid concerns over a potential liquidity crisis. [LOTTE CORPORATION]

Lotte Group to discuss cutting costs at upcoming executive meeting

Lotte Group will hold a meeting to strategize for 2023 under potential liquidity concerns. With 80 executives attending, the focus will be on new business models, cost-cutting, and reassuring investors.

2025.1.7

Busy in Busan: Lotte Group makes kimchi for needy households

Employees of Lotte Group affiliates and civic groups make kimchi at Sajik Baseball Stadium in Busan on Tuesday.

2024.12.3

Lotte Chemical’s plant in Yeosu, South Jeolla [LOTTE CHEMICAL]

Lotte Chemical assures investors it can pay back its debts

Lotte Group, rumored to be facing a liquidity crisis, assured investors Thursday that subsidiary Lotte Chemical has enough cash to pay back its debts despite having breached the terms of a loan agreement.

2024.11.21