POSCO International, Lotte Energy in $4.4 bn battery materials supply deal

POSCO International, Lotte Energy in $4.4 bn battery materials supply deal

POSCO International Corp. has signed a 6 trillion won ($4.4 billion) deal to supply raw materials used to make copper foil, a battery component, to ...

Lotte builds US antibody-drug conjugate plant with $82 mn

Lotte builds US antibody-drug conjugate plant with $82 mn

South Korea’s Lotte Biologics Co. is establishing an antibody-drug conjugate (ADC) factory in Syracuse, New York, with an investment of 110 bi...

South Korean steelmakers face longer winter

South Korean steelmakers face longer winter

South Korean steelmakers, including the world’s sixth-largest steelmaker POSCO, are facing a longer-than-expected winter in steel demand as th...

Lotte Wellfood promotes Pepero Day in New York

Lotte Wellfood promotes Pepero Day in New York

South Korea's Lotte Wellfood Co. announced on Thursday it has started the global campaign for Pepero in the US, the company's iconic chocolate-cover...

Lotte Home Shopping, Thai TACC in Bellygom character licensing deal

Lotte Home Shopping, Thai TACC in Bellygom character licensing deal

Lotte Home Shopping Inc. has signed a character licensing agreement with Thailand’s TAC Consumer Public Co. (TACC), a lifestyle product and be...

Lotte, two SK Group units to join hands for carbon capture

Lotte, two SK Group units to join hands for carbon capture

Lotte Chemical Corp., SK Innovation Co. and SK IE Technology Co. (SK IET) have signed a memorandum of understanding (MOU) to make their joint push i...

Lotte Duty Free focuses energy on stores in Seoul

Lotte Duty Free focuses energy on stores in Seoul

South Korea’s Lotte Duty Free, which removed its stores from Incheon International Airport in late June, is channeling its energy toward boost...

China’s Temu challenges homegrown e-commerce platforms in Korea

China’s Temu challenges homegrown e-commerce platforms in Korea

Temu, a popular Chinese discount e-commerce platform that landed in South Korea just a few months ago, has apparently cracked homegrown players&rsqu...

Lotte leads corporate push to raise Korea’s dismal birthrate

Lotte leads corporate push to raise Korea’s dismal birthrate

South Korea’s dreadfully low birthrate — the world’s lowest — is not just a concern for politicians or government officials....

S.Korea sees rise in young, independent Chinese tourists

S.Korea sees rise in young, independent Chinese tourists

South Korea is welcoming a growing number of Chinese tourists since China lifted a ban on group tours to its neighboring country on Aug. 10 after mo...

Lotte Ventures hosts L-Camp in Tokyo for promising Korean startups

Lotte Ventures hosts L-Camp in Tokyo for promising Korean startups

 TOKYO – Lotte Ventures Corp., the corporate venture capital (CVC) business unit of South Korea’s Lotte Group, on Thursday hosted L...

Shilla Duty Free ready to boost sales at Changi Airport

Shilla Duty Free ready to boost sales at Changi Airport

HDC Shilla Duty Free Ltd., the operator of The Shilla Duty Free Shop, said on Tuesday it has extended the contract to run cosmetics and perfume stor...

Lotte Wellfood ups Choco Pie India sales target to $60 mn with new factory

Lotte Wellfood ups Choco Pie India sales target to $60 mn with new factory

Lotte Wellfood Co., formerly Lotte Confectionery Co., has revised up this year’s Choco Pie sales forecast in India to 80 billion won ($60 mill...

Gluten-free Korean snack, pea soy sauce lure European gourmets

Gluten-free Korean snack, pea soy sauce lure European gourmets

COLOGNE, Germany – The traditional Korean snack yakgwa and a soy-like sauce made with peas were named innovative foods of the year at the worl...

Lotte Chemical sells JV stakes in China, eyes other profitable markets

Lotte Chemical sells JV stakes in China, eyes other profitable markets

South Korea’s Lotte Chemical Corp. has sold its entire stakes in joint ventures with Chinese partners as the Korean company faces a supply glu...

Lotte Biologics to break ground on 1st local CDMO plant in 2024

Lotte Biologics to break ground on 1st local CDMO plant in 2024

South Korea’s Lotte Biologics Co. is set to start building its first local facility for drug manufacturing next year, aiming for 400,000 liter...

Lotte Chilsung secures majority stake in Pepsi Philippines

Lotte Chilsung secures majority stake in Pepsi Philippines

Lotte Chilsung Beverage Co., a household name in South Korea’s soft drink market, said on Wednesday it has secured management rights of Pepsi-...

Lotte's chemical units look for talent from US universities

Lotte's chemical units look for talent from US universities

Lotte Group's two chemical units in South Korea searched for talent in US universities.Lotte Chemical Corp. and Lotte Fine Chemical Co. organized ...

Lotte Mall West Lake Hanoi: Litte Korea transplanted in Vietnam

Lotte Mall West Lake Hanoi: Litte Korea transplanted in Vietnam

HANOI – On a late summer day in Vo Chi Cong, Tay Ho district, a colossal commercial complex was packed with people wanting to savor all things...

Lotte Global Logistics, CoEvolution to develop automatic solutions

Lotte Global Logistics, CoEvolution to develop automatic solutions

South Korea's Lotte Global Logistics announced on Wednesday that it has signed a memorandum of understanding (MOU) for a strategic partnership with ...

Korea’s Lotte Shopping aims to double profit, seek new biz

Korea’s Lotte Shopping aims to double profit, seek new biz

Lotte Shopping Co., South Korea’s retail giant, aims to double its profit in three years by expanding its Southeast Asian operations and cemen...

Lotte Chemical launches eco-friendly material brand Ecoseed

Lotte Chemical launches eco-friendly material brand Ecoseed

South Korea's Lotte Chemical Corp. has launched its eco-friendly material brand, "Ecoseed." The company announced on Tuesday that it unveiled the Ec...

LG’s FAST drive to combat TV set market slowdown

LG’s FAST drive to combat TV set market slowdown

South Korea’s electronics giant LG Electronics Inc. is upending its TV business strategy by betting even bigger on software and content to off...

Lotte Energy Materials to build copper foil plant in US for EV makers

Lotte Energy Materials to build copper foil plant in US for EV makers

Lotte Energy Materials Corp., one of South Korea’s leading battery materials makers, plans to build a copper foil plant in the US to meet grow...

Lotte Healthcare to launch AI-based health management platform

Lotte Healthcare to launch AI-based health management platform

South Korea's Lotte Healthcare has entered the digital healthcare market through the launch next week of its personalized healthcare management pl...

Lotte Mart at Seoul Station redesigned to lure foreign shoppers

Lotte Mart at Seoul Station redesigned to lure foreign shoppers

South Korea’s Lotte Mart reopened its hypermarket at Seoul train station on Thursday following a four-month renovation to attract more foreign...

LG Uplus pet care platform's subscribers exceed 300,000

LG Uplus pet care platform's subscribers exceed 300,000

South Korea's LG Uplus Corp. announced on Thursday that its pet service platform ForDong has garnered over 300,000 subscribers just 14 months sinc...

IMM PE invites potential buyers for Genuone worth $752 mn

IMM PE invites potential buyers for Genuone worth $752 mn

South Korea’s top-tier contract drugmaker Genuone Sciences Inc. with an estimated value of up to 1 trillion won ($752 million) is smooth saili...

S.Korea to receive $1 bn in unpaid bills from Uzbek gas project

S.Korea to receive $1 bn in unpaid bills from Uzbek gas project

South Korean firms are poised to receive $1 billion in unpaid bill that has accumulated since 2017 from Uzbekistan’s Surgil gas project as the...

Doosan seeks to fuel Indonesia power plants with green ammonia

Doosan seeks to fuel Indonesia power plants with green ammonia

Doosan Enerbility Co., a South Korea construction equipment manufacturer, said on Friday it has signed a memorandum of understanding (MOU) with Indo...

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 At home, K-convenience stores battle stagnation; abroad they're powerful K-food ambassadors