lotte financial crisis

South Korea's major power plant builder Doosan Enerbility Co. faces a record-breaking fine to the tune of about 20 billion won ($15 million) over it...

Lotte Group is set to sell the automated teller machine (ATM) business of Korea Seven Co., the operator of convenience store chain 7-Eleven in South...

Less than five years ago, Invossa, a cell and gene therapy for osteoarthritis, was expected to hit the global market with great fanfare.Developed by...

South Korean banks are scurrying to suspend the sale of equity-linked securities (ELS) after the country’s financial regulator said it may con...

South Korea's Lotte Wellfood Co. announced on Wednesday that it plans to build a Pepero production line in India. Pepero is a thin cookie stick with...

Lotte Group plans to sell ailing units as the South Korean retail-to-chemical conglomerate is shifting its focus to new growth sectors such as bio, ...

South Korean financial group chiefs will no longer enjoy automatic term extensions as the government is stepping up pressure on the groups to improv...

South Korea's Lotte Mart has introduced its first specialized grocery store overseas, announcing the opening of its revamped Gandaria store in Jakar...

South Korea's Lotte Duty Free announced on Friday that it has signed a memorandum of understanding (MOU) with Modetour Network Inc. to jointly devel...

South Korea's Lotte Department Store announced on Thursday that is has secured the exclusive franchise and distribution rights for Bacha Coffee, M...

Lotte Property & Development Co. (Lotte P&D) announced on Wednesday that the total number of visitors to Lotte World Tower and Mall last yea...

The Korea Financial Investment Association (KOFIA) will go all out to minimize any adverse effects on the South Korean financial market from an anti...

South Korea's Lotte Wellfood Co. announced on Tuesday that it is expanding exports to Mexico and Canada through Costco. It marks the first entry o...

South Korea's Lotte Biologics Co. announced on Monday that it has signed a strategic business agreement with NJ Bio, a US-based preclinical and clin...

Lotte Mall West Lake Hanoi, a premium commercial complex, has emerged as a hot spot in Vietnam, hitting the 100 billion won ($74 million) milestone ...

Lotte Duty Free held a grand opening ceremony for its Changi Airport store in Singapore, marking the official start of its 19 stores.Lotte Duty Free...

IMM Investment Corp., a major South Korean private equity firm, invested $97 million in Kencoa Aerospace Corp., a local supplier of global industry ...

Woori Financial Group, South Korea’s fourth-largest financial holding company, will reinforce its wealth management service for high-net-worth...

South Korea will scrap a plan to impose taxes on capital gains from financial products for all shareholders and further lower securities transaction...

The South Korean corporate bond market is taking a direct hit from growing credit crunch concerns in the country’s construction sector trigger...

Lotte Chemical Corp.'s plan to sell off its Pakistani PTA subsidiary to local chemicals producer Lucky Core Industries Ltd. has collapsed, a year af...

South Korea’s financial authorities have opened an official probe into local banks and securities firms’ potential misselling of equity-...

The Red Sea crisis, disrupting the passage of ships through the Suez Canal, a central artery for global trade, is a bane for exporters looking for s...

South Korea plans to abolish capital gains taxes on financial investments to revitalize the lackluster domestic financial market and help individual...

South Korea’s financial regulator has slapped a combined 26.52 billion won ($20.4 million) in fines on BNP Paribas SA, its Korean brokerage un...

Lotte Duty Free, South Korea’s largest duty-free business operator, said on Sunday it has extended its operating rights for a duty-free shop a...

National Pension Service (NPS) of South Korea, the world’s third-largest pension fund, appointed Jun Ahn (Ahn Jun-sang) as its real estate inv...

South Korea’s leading asset manager Mirae Asset Financial Group has acquired Sharekhan Ltd., India’s 10th-largest brokerage firm, to enh...

Shin Yoo-yeol, the eldest son of Lotte Group Chairman Shin Dong-Bin, was promoted to lead the group’s new division to be launched within its h...

South Korea’s Lotte Chilsung Beverage Co. announced on Tuesday that it partnered with the world's largest winery E&J Gallo to expand its...