Lotte Group’s confectionery and food shares jump 5% on merger news

Lotte Group’s confectionery and food shares jump 5% on merger news

Shares of both Lotte Confectionery and Lotte Food rose more than 5% Thursday on expectations of synergy effects from their upcoming merger. A d...

Lotte Confectionery to merge with Lotte Food

Lotte Confectionery to merge with Lotte Food

Lotte Group will merge its confectionery and foodstuff businesses, South Korea's fourth-largest conglomerate announced Wednesday.Lotte Confectionery...

Lotte seeks first-mover advantage in senior market

Lotte seeks first-mover advantage in senior market

South Korea's Lotte Group will build a luxury residential town for retirees in Seoul by 2025 to plunge into the senior housing market.Lotte Hotels a...

Hyundai, Lotte to join used car market, seen as boost for small players

Hyundai, Lotte to join used car market, seen as boost for small players

South Korea’s top automaker Hyundai Motor Co. and the country’s No. 1 car rental firm Lotte Rental Co. are advancing into the domestic u...

Korea reopening stocks rally as govt. eases COVID-19 restrictions

Korea reopening stocks rally as govt. eases COVID-19 restrictions

South Korea’s reopening stocks jumped on Friday as the government eases COVID-19-curbing restrictions and as the number of the Omicron variant...

Lotte invests in Canada's edible insect food company

Lotte invests in Canada's edible insect food company

South Korea's Lotte Confectionery Co. has invested around 10 billion won ($8 million) in Canada’s edible insect protein producer Aspire Food G...

Lotte says to become the norm in metaverse retail space

Lotte says to become the norm in metaverse retail space

Lotte Group Chairman Shin Dong-bin is so determined to make the metaverse the group's next playing field that he recently proposed a metaverse meeti...

Korea petchem shares shine on China hopes, valuations

Korea petchem shares shine on China hopes, valuations

South Korean petrochemical companies’ stocks rose as investors bought them at a bargain on expectations for Chinese demand recovery despite ri...

Lotte to develop seawater-degradable bioplastic material

Lotte to develop seawater-degradable bioplastic material

South Korea’s Lotte Chemical Corp. plans to develop a decomposable bioplastic material in seawater for production based on petrochemicals for ...

S.Korea urged to embrace nuclear power to go carbon free

S.Korea urged to embrace nuclear power to go carbon free

The topic of RE100, a multinational campaign to make a full switch to renewable energy by 2050, was brought up last week during a debate among four ...

Lotte Chemical to invest $502 mn in eco-friendly materials plants in Korea

Lotte Chemical to invest $502 mn in eco-friendly materials plants in Korea

South Korea’s Lotte Chemical Corp. is set to spend 602 billion won ($501.5 million) in building eco-friendly materials plants at one of its pe...

Samsung, Lotte, POSCO to build hydrogen plant in Malaysia

Samsung, Lotte, POSCO to build hydrogen plant in Malaysia

Samsung Engineering Co., Lotte Chemical Corp., and POSCO signed a memorandum of understanding (MoU) with Sarawak Economic Development Corporation (S...

Lotte acquires Ministop Korea for $260 mn from Aeon

Lotte acquires Ministop Korea for $260 mn from Aeon

South Korea's Lotte Group has agreed to acquire a 100% stake in Ministop Korea for 313.4 billion won ($263 million), the country's fifth-largest con...

Lotte Group beats Shinsegae to acquire Ministop Korea

Lotte Group beats Shinsegae to acquire Ministop Korea

Lotte Group beat its retail rival Shinsegae Group in a competition to buy South Korea’s fifth-largest convenience store chain Ministop Korea. ...

Lotte acquires Chicago-based hotel for $36 mn K-style rebrand

Lotte acquires Chicago-based hotel for $36 mn K-style rebrand

Hotel Lotte Co., retail conglomerate Lotte Group’s luxury hotel operator, completed the acquisition of Kimpton Hotel Monaco in Chicago for $...

Lotte Group aims for top spot in metaverse retail space

Lotte Group aims for top spot in metaverse retail space

Lotte Group Chairman Shin Dong-bin is known for his obsession with new tech gadgets.He’s one of those early adopters in South Korea of the Ocu...

Lotte agrees with Indonesia to resume $3.9 bn petchem project

Lotte agrees with Indonesia to resume $3.9 bn petchem project

South Korea’s Lotte Group agreed with the Indonesian government to resume a $3.9 billion petrochemical project in the Southeast Asian country,...

Lotte, Shinsegae compete head-on for Ministop Korea

Lotte, Shinsegae compete head-on for Ministop Korea

South Korea's two retail heavyweights Lotte and Shinsegae are in head-to-head competition for the country's fifth-largest convenience store chain Mi...

Hyundai Motor unveils world’s first hydrogen garbage truck

Hyundai Motor unveils world’s first hydrogen garbage truck

Hyundai Motor Group revealed a clip of the world’s first hydrogen-powered garbage truck Thursday. The video titled “Dear My Hero” ...

South Korea moves to join CPTPP free trade pact as China fears ease

South Korea moves to join CPTPP free trade pact as China fears ease

South Korea has officially declared its plan to join a mega Trans-Pacific free trade deal, called the CPTPP, following China’s application to ...

Korean duty free shops take opposite paths to draw Chinese shoppers

Korean duty free shops take opposite paths to draw Chinese shoppers

There appear to be two diverging roads for South Korea's top duty free operators Lotte and Shilla: expanding outside China, or going deeper inside t...

BTS may have to serve in South Korean army

BTS may have to serve in South Korean army

It appears the world’s top boy band BTS will have to serve in the South Korean military as lawmakers in the country have so far failed to agre...

Lotte Chemical seeks to acquire Japanese specialty chemical firms

Lotte Chemical seeks to acquire Japanese specialty chemical firms

Lotte Chemical Corp. is seeking to acquire major stakes in a few specialty chemical companies in Japan as the South Korean company aims to expand it...

Hyundai Oilbank to make naphtha from plastic waste

Hyundai Oilbank to make naphtha from plastic waste

Hyundai Oilbank Co. is set to produce naphtha by injecting plastic waste pyrolysis oil into the process of refining crude oil, poised to become the ...

Lotte joins Korea’s UAM race as Hyundai closes ranks with others

Lotte joins Korea’s UAM race as Hyundai closes ranks with others

South Korean conglomerate Lotte said on Tuesday it is joining hands with three other partners to enter the country’s urban air mobility (UAM) ...

Travel bubble triples Koreans’ trips to Saipan

Travel bubble triples Koreans’ trips to Saipan

A travel bubble between South Korea and Saipan more than tripled visits of residents in the Asian country to the main island in the Northern Mariana...

SK Inc, STIC invest $55 million in US alternative dairy maker Perfect Day

SK Inc, STIC invest $55 million in US alternative dairy maker Perfect Day

SK Inc., the investment arm of South Korean conglomerate SK Group, and private equity firm STIC Investment Inc., have invested a combined 65 billion...

Coal price surge puts S.Korean petrochemical firms ahead of Chinese rivals

Coal price surge puts S.Korean petrochemical firms ahead of Chinese rivals

Rising coal prices in China will likely benefit South Korean petrochemical companies such as Lotte Fine Chemical and Hanwha Solutions, by strengthen...

Lotte Shopping to acquire furniture maker Hanssem with IMM PE

Lotte Shopping to acquire furniture maker Hanssem with IMM PE

Lotte Shopping Co., South Korea’s top department store operator, is set to acquire Hanssem Co. with IMM Private Equity.IMM PE selected Lotte S...

Lotte teams up with IMM PE to acquire furniture maker Hanssem

Lotte teams up with IMM PE to acquire furniture maker Hanssem

Lotte Group is seeking to acquire a stake in Hanssem Co., South Korea’s largest furniture and home furnishing company, with an investment of u...

Vietnam’s top leader to make first South Korea visit in 11 years Test case looms for Korea’s revised Commercial Act as VIP Asset challenges Lotte Rental’s rights issue to Affinity HYBE sparks summer vibes with BTS live album, TXT comeback, new boy band launch K-beauty contract manufacturers see record Q2 profits; rally likely to continue S.Korea’s Bebesup earns China nod for baby skincare, eyes global expansion