lotte confectionery well food
Scope
Date
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Logistics
Lotte Global Logistics, KOBC to partner for global logistics
South Korea's Lotte Global Logistics announced on Monday that it signed a memorandum of understanding (MOU) with the Korea Ocean Business Corporatio...
May 13, 2024 (Gmt+09:00)
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Korean food
CJ's Bibigo Gimbap enters Australian Woolworths stores
South Korea's food giant CJ CheilJedang Corp. announced on Sunday that it released its Bibigo frozen Gimbap products at Woolworths, Australia's numb...
May 13, 2024 (Gmt+09:00)
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Korean food
Overseas Korean food fans choose soju, bibimbap as favorites
South Korea’s soju and bibimbap are respectively the most popular liquor and food among foreigners, according to survey results released by th...
May 10, 2024 (Gmt+09:00)
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Logistics
Samsung Welstory completes new Vietnam logistics center
South Korean food and beverage company Samsung Welstory announced on Thursday that it completed a new logistics center with a cold chain system in B...
May 09, 2024 (Gmt+09:00)
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Travel & Leisure
Lotte Tour's Jeju Island casino triples revenue
Jeju Dream Tower Casino, located on South Korea's top tourist island of Jeju and run by Lotte Tour Development Co., surpassed $6 million in cumula...
May 03, 2024 (Gmt+09:00)
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Banking & Finance
S.Korea’s Lotte Card injects $68 mn into Vietnamese unit
Lotte Card Co., South Korea’s No. 5 credit card issuer, has injected $68 million into its Vietnamese unit to expand its business in the Southe...
May 02, 2024 (Gmt+09:00)
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Korean food
CJ's Bibigo bolsters sports marketing with PGA tours sponsorship
Scottie Scheffler, a top-ranked American professional golfer, gave a shoutout to food served by CJ CheilJedang Corp. during The CJ Cup golf tourname...
Apr 30, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Lotte Global Logistics partners with CMA CGM
South Korea's Lotte Global Logistics announced on Monday that it partnered with the France-based world's third-largest shipping company CMA CGM.&nbs...
Apr 29, 2024 (Gmt+09:00)
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Retail
Korea’s Lotte sells Lotte Glory Properties Shenyang amid US-China dispute
South Korea’s retail giant Lotte Group has signed a deal to sell a theme park project in Shenyang, China – its latest move to pull out o...
Apr 26, 2024 (Gmt+09:00)
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Logistics
Lotte Global Logistics, Megvii to collaborate AI logistics
South Korea's Lotte Global Logistics announced on Thursday that it signed a memorandum of understanding (MOU) with Megvii Technology, a Chinese arti...
Apr 25, 2024 (Gmt+09:00)
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Insurance
Korea's Lotte Insurance put on market for around $1.5 bn
Lotte Group’s non-life insurance affiliate Lotte Insurance Co., has been put up for sale at around 2 trillion won ($1.5 billion), according to...
Apr 23, 2024 (Gmt+09:00)
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Entertainment
Korean theme parks recover to near pre-pandemic levels
Everland and Lotte World, South Korea’s two largest theme parks, posted their highest-ever profits in 2023, recovering from the COVID-19 pande...
Apr 22, 2024 (Gmt+09:00)
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Retail
Lotte Dept. Store introduces AI translation service
South Korea's Lotte Department Store announced on Monday that it introduced an artificial intelligence (AI) interpretation service for foreign touri...
Apr 22, 2024 (Gmt+09:00)
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Food & Beverage
Pepero enters Thailand’s King Power Duty Free
South Korea's Lotte Wellfood Co. announced on Friday that its thin chocolate-coated cookie sticks Pepero and no-sugar ice cream Zero entered King Po...
Apr 19, 2024 (Gmt+09:00)
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Economy
In Korean food prices, everything’s up: Now it’s dried seaweed's turn
First, it was groceries. Then came fried chicken and hamburgers. Now, it’s seasoned seaweed products, chocolate and ice creams.As in other cou...
Apr 18, 2024 (Gmt+09:00)
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Energy
HD Hyundai Oilbank kicks off biodiesel mass production
HD Hyundai Oilbank Co., South Korea’s refiner backed by Saudi Aramco, started mass production of biodiesel to expand its eco-friendly energy b...
Apr 18, 2024 (Gmt+09:00)
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Private equity
Affinity eyes full control of food container maker Lock&Lock
Affinity Equity Partners, which holds a 69.64% stake in South Korean food container manufacturer Lock&Lock Co., is slated to buy most of the com...
Apr 18, 2024 (Gmt+09:00)
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Korean startups
Korean unicorns’ failed global expedition causes growth concern
Woowa Brothers Corp. and Viva Republica Inc., South Korea’s most valuable unicorns, have pulled the plug on some of their overseas businesses ...
Apr 16, 2024 (Gmt+09:00)
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Travel & Leisure
Lotte Home Shopping expands Japan tour packages
South Korea's Lotte Home Shopping said on Tuesday that it will expand its range of travel packages to Japan, including trips to Kyushu and Okinawa, ...
Apr 16, 2024 (Gmt+09:00)
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Automobiles
Lotte Rental launches driver-inclusive rental service in Vietnam
Lotte Rental Co., South Korea's largest car rental firm, announced on Monday that it has launched a "Vietnam Driver-inclusive Rental Car."The servic...
Apr 15, 2024 (Gmt+09:00)
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Artificial intelligence
Lotte Innovate, Kolon Benit to cooperate on AI Solutions
South Korea’s Lotte Innovate (formerly, Lotte Data Communication Co. ) announced that it signed a memorandum of understanding (MOU) with Kolon...
Apr 15, 2024 (Gmt+09:00)
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Private equity
Carlyle’s Rubenstein sees commercial real estate undervalued
The US commercial real estate market is undervalued relative to other sectors amid elevated interest rates, while Big Tech stocks could take a breat...
Apr 08, 2024 (Gmt+09:00)
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Retail
Lotte Home Shopping opens Bellygom pop-up in Myeongdong
South Korea's Lotte Home Shopping announced on Monday that it will open a Bellygom pop-up store at Lotte Duty Free's showroom Now in Myeongdong unti...
Apr 08, 2024 (Gmt+09:00)
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Food & Beverage
Nongshim Kellogg overtakes Dongsuh as Korea’s top cereal maker
Just a few years back, cereals meant cornflakes eaten with milk during busy mornings in South Korea.Nowadays, however, cereals mean granola made of ...
Apr 04, 2024 (Gmt+09:00)
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Retail
Lotte Duty Free rebrands LDF House to Now in Myeong-dong
South Korea’s Lotte Duty Free announced on Tuesday that it changed its duty-free showroom LDF House, which was opened last October in Myeong...
Apr 02, 2024 (Gmt+09:00)
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Economy
Korea’s rate cut hope wanes with inflation above 3% in March
South Korea’s headline inflation stayed above 3% for two straight months in March on a surge in fruit and vegetable prices coupled with higher...
Apr 02, 2024 (Gmt+09:00)
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Korean startups
Money pours in for technology to reshape Korean restaurants
Investors are betting big on food service technology startups in South Korea as the adoption of self-service systems in the country’s food and...
Apr 01, 2024 (Gmt+09:00)
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Chemical Industry
Lotte Chemical applies recycled plastic to packaging
South Korea's Lotte Chemical announced on Thursday that it has applied recycled materials to all 25 kg packaging bags for polyethylene (PE) and poly...
Mar 28, 2024 (Gmt+09:00)
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Artificial intelligence
Naver, named 3rd most innovative company in the Asia-Pacific
South Korea’s online giant Naver Corp. ranked as the third most innovative company in the Asia-Pacific by a top US business magazine for the p...
Mar 21, 2024 (Gmt+09:00)
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Corporate governance
Lotte Group to give more authority to outside directors
Food-to-retail conglomerate Lotte will expand the authority of outside directors by separating the roles of chief executives and board chairs at its...
Mar 20, 2024 (Gmt+09:00)
Latest News
- 1 BYD’s Atto 3 overtakes Tesla’s Model Y as best-selling EV in South Korea
- 2 Korea’s top cinema chains seek merger to counter box office slump
- 3 S.Korea’s GEPS to commit $143 million to foreign mid-cap buyout funds
- 4 CJ CheilJedang to open $72 mn dumpling plant in Japan
- 5 LG Electronics breaks ground on $600 million home appliance plant in India