Lotte Corporation
Logo used since 2017 | |
Native name |
|
|---|---|
| Company type | Public |
| KRX: 004990 | |
| Industry | Conglomerate |
| Founded | 24 March 1967 |
| Founder | Shin Kyuk-ho |
| Headquarters | Songpa District, Seoul, South Korea |
Areas served | Worldwide |
Key people |
|
| Subsidiaries | |
| Korean name | |
| Hangul | 롯데그룹 |
| Revised Romanization | Rotdegeurup |
| McCune–Reischauer | Rottegŭrup, Rotte-kŭrup |
| Website | www.lotte.co.kr |
Lotte Corporation is a South Korean multinational conglomerate corporation, and the fifth-largest chaebol in South Korea. Lotte was founded on 28 June 1948 by Korean businessman Shin Kyuk-ho in Tokyo. Shin expanded Lotte to his ancestral country, South Korea, with the establishment of Lotte Confectionery in Seoul on 3 April 1967.
Lotte Corporation consists of over 90 business units employing 60,000 people engaged in such diverse industries as candy manufacturing, beverages, hotels, fast food, retail, financial services, industrial chemicals, electronics, IT, construction, publishing, and entertainment. Lotte runs additional businesses in China, Thailand, Malaysia, Indonesia, Vietnam, Cambodia, Uzbekistan, India, the United States, the United Kingdom, Kazakhstan, Russia, the Philippines, Myanmar, Pakistan, Poland (Lotte bought Poland's largest candy company Wedel from Kraft Foods in June 2010), Australia and New Zealand (Lotte successfully bought 4 duty-free stores in Australia and 1 in New Zealand from JR/Group in 2019).