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Revision as of 10:45, 26 March 2021 by 36.11.229.49 (talk)(diff) ← Previous revision | Latest revision (diff) | Newer revision → (diff) "Lotte (conglomerate)" redirects here. For the Japanese company, see Lotte Holdings. | This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. Find sources: "Lotte Corporation" – news · newspapers · books · scholar · JSTOR (September 2018) (Learn how and when to remove this message) |
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| Native name |
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|---|---|
| Company type | Public |
| Traded as | KRX: 004990 |
| Industry | Conglomerate |
| Predecessor | Lotte Confectionery |
| Founded | March 24, 1967; 57 years ago (1967-03-24) |
| Founder | Shin Kyuk-ho |
| Headquarters | Songpa District, Seoul, South Korea |
| Areas served | Worldwide |
| Key people |
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| Services | |
| Revenue | ₩88,562 million (2019) |
| Operating income | ₩1,749 million (2019) |
| Net income | ₩-4,116 million (2019) |
| Total assets | ₩156,058 million (2019) |
| Total equity | ₩77,925 million (2019) |
| Website | www.lotte.co.kr |
| Lotte Corporation | |||||||
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| Korean name | |||||||
| Hangul | 롯데 그룹 | ||||||
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Lotte Corporation is a founded in Japan. Lotte began its history on June 28, 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 April 3, 1967. Lotte eventually grew to become South Korea's fifth largest business conglomerate.
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, India, United States, United Kingdom, Kazakhstan, Russia, Philippines, Myanmar, Pakistan and 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).
History
Lotte was founded in June 1948, by Korean businessman Shin Kyuk-ho in Tokyo, Japan, two years after he graduated from Waseda Jitsugyo High School (早稲田実業学校). Originally called Lotte Co., Ltd, the company has grown from selling chewing gum to children in post-war Japan to becoming a major multinational corporation.
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 ("Charlotte" is also the name of a new brand of deluxe movie theatres run by Lotte). 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).
Management
Lotte Corporation – Lotte group's world headquarters – are located in Myeongdong, Seoul and Lotte Holdings Co., Ltd. in Shinjuku, Tokyo. It is controlled by the founder Shin Kyuk-Ho's extended family.
See also
- Lotte Card
- Lotte Capital
- Lotte Chilsung
- Lotte Confectionery
- Lotte Department Store
- Lotte World Tower
- Shin Dong-bin, also known as Akio Shigemitsu
References
- ^ "Lotte Corporation Financial Statement". Retrieved January 10, 2021.
- "Chaebol rankings seesaw over 2 decades". Yonhap News Agency. Retrieved 2017-12-19.
- "Lotte Duty Free expands into Australia and New Zealand". Inside Retail. 2019-03-26. Retrieved 2021-02-15.
- www.lottehotel.com. "Lotte Hotel Seoul - Hotel Facilities, Fitness, Spa, Conference room". www.lottehotel.com. Retrieved 19 August 2017.
- "Korean Chaebols: Lotte. The Origin of the Lotte Name". Retrieved 20 April 2014.
External links
- Official website (Korean)
- Official website (English)
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