Lotte-Card
Scope
Date
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Travel & Leisure
Lotte Tour's Jeju Island casino hits record revenue in July
South Korea’s Lotte Tour Development's Jeju-based casino saw record revenue in July thanks to an increased number of foreign tourists to the c...
Aug 03, 2023 (Gmt+09:00)
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Bio & Pharma
IMM PE seeks to sell Korean contract drugmaker at $784 mn
IMM Private Equity has put a South Korean contract drugmaker on the market for up to 1 trillion won ($784 million) in a deal likely to attract major...
Jul 31, 2023 (Gmt+09:00)
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Entertainment
BTS Suga becomes honorary employee of Samsung
BTS member Suga (Min Yoon-gi), who used to shout "Only Galaxy," has now become a member of Samsung Electronics Co.'s marketing team. Suga posted a p...
Jul 27, 2023 (Gmt+09:00)
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Retail
Lotte to open Vietnam's largest shopping mall in Hanoi
Lotte Shopping Co., the retail arm of South Korea's fifth-largest conglomerate Lotte Group, announced plans on Thursday to inaugurate its extensive ...
Jul 27, 2023 (Gmt+09:00)
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Artificial intelligence
Lotte's virtual human Lucy to debut in Thailand
South Korea's Lotte Home Shopping unveiled a plan on Wednesday to introduce its virtual influencer, Lucy, to Southeast Asia's burgeoning live commer...
Jul 26, 2023 (Gmt+09:00)
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Travel & Leisure
Korea’s outbound travelers spend 20% more on-year in H1: BC Card
South Korea’s outbound travelers spent 19.8% more in the first half of this year compared with a year ago amid a revival in overseas tourism, ...
Jul 24, 2023 (Gmt+09:00)
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Banking & Finance
S.Korea's BC Card to enter Kyrgyz payment market
South Korea's BC Card will make a full-fledged entry into the Central Asian payment market by establishing a card payment joint venture in Kyrgyzsta...
Jul 24, 2023 (Gmt+09:00)
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Corporate strategy
Lotte Group's Shin stresses unlearning as key to innovation
Disregarding existing ways and being open to new opportunities are challenging in South Korea’s large conglomerates, where a strict corporate ...
Jul 19, 2023 (Gmt+09:00)
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Carbon neutrality
Lotte Chemical, DL Energy team up to produce renewable energy
South Korea’s Lotte Chemical Corp. and DL Energy have joined forces to spread carbon neutrality and environmental, social and governance (ESG)...
Jul 18, 2023 (Gmt+09:00)
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Korean stock market
EcoPro, Hanwha Ocean, JYP among top MSCI inclusion candidates
EcoPro Co., Hanwha Ocean Co., JYP Entertainment Corp. and Kumyang Co. are the top candidates for inclusion in the MSCI Korea Index when the global s...
Jul 18, 2023 (Gmt+09:00)
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Batteries
Lotte Materials invests in French silicon cathode materials startup
Lotte Energy Materials Corp., formerly Iljin Materials and now a copper foil manufacturing subsidiary of South Korea's Lotte Chemical Corp., on Sund...
Jul 17, 2023 (Gmt+09:00)
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Fashion
Lotte Department Store opens Louis Vuitton’s Take Over pop-up store
South Korea's Lotte Department Store announced on Friday that it operates a Louis Vuitton pop-up store in The Crown, located on the basement first...
Jul 14, 2023 (Gmt+09:00)
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Retail
Lotte Duty Free opens store at Australia's Melbourne Airport
South Korea's Lotte Duty Free announced on Thursday that it is opening a new store at Melbourne Airport in Australia and entering full-scale opera...
Jul 13, 2023 (Gmt+09:00)
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Batteries
Lotte Energy Materials aspires to become copper foil leader: CEO
South Korea’s Lotte Energy Materials Corp. said on Tuesday that growing demand for reasonably priced electric vehicles will expand the market ...
Jul 04, 2023 (Gmt+09:00)
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Automobiles
Lotte Rental drops plan to enter Korea’s secondhand car sales market
Lotte Rental Co., South Korea’s largest car rental firm, has dropped its plan to enter the domestic used car sales market. Instead, it will st...
Jun 30, 2023 (Gmt+09:00)
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Banking & Finance
Hyundai Card, Visa form global data alliance
South Korea’s Hyundai Card has launched a data analysis business with Visa. Hyundai Card on Monday said it formed a strategic business partner...
Jun 27, 2023 (Gmt+09:00)
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Automobiles
Lotte Rental CEO becomes first owner of Kia EV9
The first owner of Kia Corp.'s EV9 large electric sports utility vehicle (SUV) is Mr. Choi Jin-hwan, President and CEO of Lotte Rental, South Korea'...
Jun 21, 2023 (Gmt+09:00)
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Retail
Lotte considering opening In-N-Out Burger stores in S.Korea
One of US' leading burger brands, In-N-Out, is considering entering the South Korean market. After recently opening a pop-up store in Seoul, the bur...
Jun 21, 2023 (Gmt+09:00)
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Corporate bonds
Lotte affiliates’ credit ratings downgraded all at once
The ratings of Lotte's subsidiaries have been downgraded en masse. Lotte Chemical Corp., the group's cash cow, was cut to AA from AA+.NICE Investors...
Jun 20, 2023 (Gmt+09:00)
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Retail
Shopping without passport at S.Korea’s Lotte Duty Free
With a smartphone, you can now shop at duty-free shops in Seoul without a passport.Lotte Duty Free announced on Tuesday that it has introduced the i...
Jun 20, 2023 (Gmt+09:00)
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ESG
Lotte Shopping to raise $785 mn from Korean banks for ESG push
Lotte Shopping Co., the retail arm of South Korea's fifth-largest conglomerate Lotte Group, will tap 1 trillion won ($784.4 million) from two of the...
Jun 16, 2023 (Gmt+09:00)
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ESG bonds
Hyundai Card issues $193 mn Korean green bonds
South Korea's Hyundai Card announced on Friday that it has issued a green bond worth 250 billion won ($193 million), becoming the first company in t...
Jun 09, 2023 (Gmt+09:00)
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Economy
S.Korean overseas card spending near pre-COVID-19 levels
South Korean residents’ overseas card use jumped in the first quarter to nearly recover levesl before the outbreak of COVID-19 on rising inter...
May 31, 2023 (Gmt+09:00)
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Bio & Pharma
BIO USA 2023 to draw S.Korean biotech leaders, startups
More than 500 South Korean companies from top business groups to AI-based biotech startups are slated to attend the Bio International Convention 202...
May 30, 2023 (Gmt+09:00)
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Venture capital
Lotte to open Silicon Valley corporate venture capital unit
Lotte Group, a South Korean retail-to-chemical conglomerate, is set to launch a corporate venture capital (CVC) business in Silicon Valley, the glob...
May 26, 2023 (Gmt+09:00)
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Earnings
Lotte Chemical projects recovery in Q2 after 4th consecutive loss in Q1
Lotte Chemical Corp. suffered its fourth consecutive operating loss in the first quarter due to a prolonged petrochemical slowdown amid the global e...
May 11, 2023 (Gmt+09:00)
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Travel & Leisure
Vietnamese tourists top in card spending in Korea in 2022
Vietnamese tourists splurged the most among foreign visitors to South Korea last year, filling the void left by Chinese travelers shunning Korea sin...
May 03, 2023 (Gmt+09:00)
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Retail
Hotel Shilla to challenge Lotte’s duty-free shop dominance in Korea
South Korean leading luxury hotel and retail operator Hotel Shilla is challenging its crosstown rival Lotte, the dominant player in the country&rsqu...
Apr 28, 2023 (Gmt+09:00)
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Fintech
BC Card, KTO to promote mobile payment for foreign tourists
The Korea Tourism Organization (KTO) has announced a new partnership with BC Card and the Korea Easy Payment Foundation to introduce a mobile paymen...
Apr 26, 2023 (Gmt+09:00)
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Retail
Korean dept stores to lure foreigners with K-pop, festival
South Korean department stores are set to launch various programs such as a festival and sales of K-pop star merchandise to attract foreign tourists...
Apr 26, 2023 (Gmt+09:00)