lotte financial crisis

Lotte Engineering & Construction has developed eco-friendly concrete that can reduce carbon dioxide emissions by up to 90%. In collaboration wit...

Industrial Bank of Korea (IBK) will open an office in Poland in the first half of this year, with analysts saying the bank's president Kim Seong-tae...

South Korea's KB Financial Group on Tuesday presented its investment philosophy to individual and institutional customers in the metaverse, a three-...

Samsung Electronics Co., the world’s largest memory chipmaker, is considering slashing its semiconductor production as the company is heading ...

Lotte Home Shopping said on Thursday that its virtual model Lucy will appear in monthly live commerce broadcasts on its official YouTube channel.Luc...

South Korea suffered its first economic contraction in two and half years due to sluggish exports and weak domestic demand during the fourth quarter...

Lotte Duty Free, an affiliate of the Lotte Group, won a bid for an Australian airport duty-free shop business, accelerating its move to bolster over...

South Korea's KB Financial Group was selected as one of the "Global 100 Most Sustainable Corporations in the World" list announced by Corporate Knig...

The Bank of Korea Governor Rhee Chang-yong on Wednesday said, "We will focus on inflation this year but also closely consider tradeoffs to preserve ...

Lotte Tour Development Co. signed on Monday an agreement with Costa Cruise, an Italian cruise line, to charter cruise ships in Dubai, the United Ara...

South Korea-based Lotte Confectionery Co. will invest  4.5 billion rupees ($55.1 million) in its Indian unit Havmor Ice Cream in the next five ...

South Korea’s Woori Financial Group is set to acquire Daol Investment Co., a venture capital arm of the liquidity-strapped Daol Financial Grou...

Lotte Chemical Corp. is set to sell its Pakistan unit for 192.4 billion won ($155.8 million won) to a chemical company in the country as the South K...

ABU DHABI – The United Arab Emirates will invest $30 billion in South Korea across strategic sectors, including the nuclear power, defense, hy...

From now on, companies in South Korea that have raised funds by issuing ESG (environmental, social, and governance) bonds will have to answer questi...

Saudi Arabia’s Public Investment Fund (PIF) and Singapore’s sovereign wealth fund GIC have agreed to invest a combined $964 million in K...

SAN FRANCISCO -- South Korea’s Lotte Biologics Co. is considering investing more in the US bio industry and spending $3 billion in new factori...

Lotte Chemical Corp. said on Tuesday that it is conducting a risk assessment for its products for the first time in the domestic chemical industry...

Ford Motor Co. is in talks with LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, to build a cell factory in...

Lotte Engineering & Construction (E&C) has secured financing of 1.5 trillion won ($1.2 billion).The company on Monday announced its conclusi...

South Korean mobile payment services firm Kakao Pay Corp. will be newly incorporated into the MSCI index next month, inducing an influx of more than...

LAS VEGAS -- South Korea’s Lotte Chemical Corp. seeks to ramp up sales 65% in nearly 30 years by increasing production of advanced materials, ...

Sitting on a chair, people with head-mounted displays enter a virtual world where they can choose their preferred avatars.Through these avatars, the...

Fly Gangwon, a low-cost carrier based at Yangyang International Airport in Gangwon Province, South Korea, is in serious financial trouble. As its fi...

Lotteria, South Korea's fast food franchise run by Lotte GRS, launched "Ria Miracle Burger II" with 100% plant-based patties using soy protein.It is...

The Export-Import Bank of Korea on Thursday said it issued a record-high $3.5 billion in global bonds to investors worldwide.The government-run bank...

South Korea's Lotte Chemical Corp. for the first time will take part this month in CES, the world's largest information technology and home applianc...

Com2verse, Com2uS Corp.'s metaverse subsidiary said on Tuesday that it has secured a strategic investment of 4 billion won ($3.1 million) each from ...

South Korea's convenience store franchiser GS Retail said on Monday that it would introduce foreign currency exchange kiosks at its convenience st...

Woori Financial Group said on Thursday it has earned an AA rating for the second consecutive year in the global ESG rating announced by Morgan Stanl...