lotte k-beauty
Scope
Date
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Future mobility
SK Telecom-led consortium to commercialize air taxis on Jeju Island
Come 2025, visitors to South Korea’s resort island of Jeju will be able to hail air taxis while there – thanks to special air routes ded...
Sep 14, 2022 (Gmt+09:00)
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Beauty & Cosmetics
Kolmar Korea to enter $22 billion UAE Halal cosmetics market
Kolmar Korea Co., a supplier to global cosmetics brands such as Estee Lauder, is set to enter the 30 trillion won ($22 billion) Halal beauty market ...
Sep 08, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Lotte Card draws bid from Hana as key candidates back off
South Korea's Lotte Card Co. has drawn preliminary bids from Hana Financial Group, a leading banking group in the country, and two to three unidenti...
Sep 07, 2022 (Gmt+09:00)
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Tech, Media & Telecom
LG Uplus' K-pop idol platform goes global via smart TVs
Fans of K-pop idols such as boyband sensation BTS and girl group Blackpink will be able to enjoy their live performances through smart TVs at home a...
Sep 06, 2022 (Gmt+09:00)
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Corporate investment
Lotte to invest $900 mn in Vietnam smart city project
Lotte Group, South Korea’s fifth-largest conglomerate, is set to invest $900 million in Vietnam to establish a smart city as it aims to accele...
Sep 05, 2022 (Gmt+09:00)
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Banking & Finance
South Korea’s Shinhan launches credit card in Vietnam
South Korea’s Shinhan Card Co. launched its first credit card in Vietnam to expand its business portfolios into overseas markets as the sector...
Aug 31, 2022 (Gmt+09:00)
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Carbon neutrality
Lotte Group to donate $10.4 mn to KAIST to build R&D, design centers
Lotte Corp. announced on Monday that it will donate 14 billion won ($10.4 million) to the prestigious Korea Advanced Institute of Science and Techno...
Aug 29, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Korea’s Iljin sticks to higher stake sale price than bid
Iljin Materials Co.’s sale process has reached a deadlock as its Chief Executive Heo Jae-Myeong is holding to its price to sell a controlling ...
Aug 29, 2022 (Gmt+09:00)
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Economy
Lotte to support Korean SMEs via exhibitions in Berlin, New York
Lotte Group, South Korea’s fifth-largest conglomerate, is set to boost the global sales channels of some 200 Korean small and medium-sized ent...
Aug 24, 2022 (Gmt+09:00)
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K-pop
K-pop, Toyota’s platform for marketing in the US
LOS ANGELES -- Toyota Motor Corp., the top global automaker, showcased its sports cars – the GR86 and the GR Supra – at the Los Angeles ...
Aug 23, 2022 (Gmt+09:00)
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Entertainment
China's high entry barriers for Korean films, dramas
“Oh! My Gran” was the only South Korean movie to hit the big screen in China in the past year. It was also the first Korean film to be p...
Aug 22, 2022 (Gmt+09:00)
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Earnings
Lotte Chem swings to red in Q2, hard hit by Malaysian unit's loss
South Korea’s major petrochemical producer Lotte Chemical Corp. faced an earnings shock in the second quarter of 2022, hard hit by the perform...
Aug 21, 2022 (Gmt+09:00)
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Korean food
K-chicken chain BB.Q foresees stores quadrupling in N.America
Gourmands in North America will be able to enjoy South Korean fried chicken more conveniently as BB.Q Chicken, the country’s leading franchise...
Aug 15, 2022 (Gmt+09:00)
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Food & Beverage
Lotte Chilsung to tie up with startups for vegan drinks
South Korea’s Lotte Chilsung Beverage Co. is set to start the vegan business along with local startups as veganism, or the practice of abstain...
Aug 09, 2022 (Gmt+09:00)
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Bio & Pharma
K-bio firms embrace gene therapy CDMO as Samsung looks the other way
South Korea’s major biopharmaceutical companies are rapidly embracing the cell and gene therapy business under a contract drug-making mechanis...
Aug 05, 2022 (Gmt+09:00)
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IPOs
Korea’s top beauty chain CJ Olive Young puts IPO on hold
CJ Olive Young, South Korea’s top beauty store chain, has suspended its process to seek a stock market listing, becoming the latest major loca...
Aug 02, 2022 (Gmt+09:00)
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Carbon neutrality
Hyundai Oilbank, Lotte Confectionery tie up for biodiesel business
Hyundai Oilbank Co., a South Korean refiner backed by Saudi Aramco, and food maker Lotte Confectionery Co. have forged a strategic partnership to jo...
Aug 02, 2022 (Gmt+09:00)
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Beauty & Cosmetics
China's lockdown slams Korean beauty giants' Q2 earnings
South Korea’s two major cosmetics firms, Amorepacific Corp. and LG H&H Co., posted their second-quarter earnings heavily impacted by Chi...
Jul 29, 2022 (Gmt+09:00)
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Hydrogen economy
Lotte Chem, Itochu join hands on hydrogen, ammonia biz
South Korea’s major petrochemical producer Lotte Chemical Corp. and a Japanese trading house Itochu Corp. joined forces for the hydrogen and a...
Jul 22, 2022 (Gmt+09:00)
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Retail
Louis Vuitton chairman to meet with heads of S.Korean department stores
The chairman and chief executive of French luxury label Louis Vuitton is scheduled to visit South Korea next week and meet with the heads of three m...
Jul 21, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Bain Capital, Lotte Chem. among shortlisted bidders for Iljin
A US private equity firm Bain Capital and South Korea’s major petrochemical manufacturer Lotte Chemical Corp. were among the shortlisted candi...
Jul 13, 2022 (Gmt+09:00)
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K-pop
Disney+ to run two BTS shows in HYBE's 1st global content collaboration
HYBE Co., the K-pop label best known for BTS, signed an agreement with Walt Disney Company in its first collaboration with an international content ...
Jul 13, 2022 (Gmt+09:00)
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K-pop
Blackpink to hold K-pop’s first in-game concert on PUBG mobile game
Blackpink, the female K-pop idol group, will hold an in-game concert, the first such event by Korean pop artists, in collaboration with Krafton Inc....
Jul 12, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Lotte Chemical, Bain Capital among bidders for Korea’s Iljin Materials
The much-touted sale of a controlling stake in Iljin Materials Co., a leading South Korean battery materials maker, is flagging as big spenders are ...
Jul 01, 2022 (Gmt+09:00)
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IPOs
Online lender K Bank revs up for IPO in Nov on surging net profit
K Bank submitted a preliminary assessment request to the Korea Stock Exchange on Thursday, the first step to an initial public offering. The on...
Jul 01, 2022 (Gmt+09:00)
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Korean startups
Korean startups rely on word-of-mouth marketing for overseas penetration
Thanks to what some economists dub a borderless economy, more South Korean startups than ever before are looking beyond the peninsula. Seoul-ba...
Jun 29, 2022 (Gmt+09:00)
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Beauty & Cosmetics
Korean beauty brands rush for vegan certification
As more consumers seek out eco-friendly products, a growing number of South Korean cosmetics brands are in a hurry to be certified as vegan.With lab...
Jun 28, 2022 (Gmt+09:00)
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Beauty & Cosmetics
K-beauty sales see sharp drop at China's major shopping event
South Korean cosmetics giants failed to win over Chinese consumers at the 618 Shopping Festival, one of the largest online annual shopping events in...
Jun 24, 2022 (Gmt+09:00)
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Petrochemicals
Lotte seeks to sell Pakistan arm for over 10 times return
South Korea’s Lotte Chemical Corp. has decided to put its entire stake in Pakistan-based LCPL up for sale, which may sell for up to 210 billio...
Jun 21, 2022 (Gmt+09:00)
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Travel & Leisure
Lotte Tour sees turnaround on higher property value
South Korea's Lotte Tour Development Co. has decided to book 568 billion won ($440 million) in valuation gains from its stake ownership of the land ...
Jun 20, 2022 (Gmt+09:00)
Latest News
- 1 South Korea’s Lee, China’s Xi agree on closer ties, peace on Korean Peninsula
- 2 Invesco, SK D&D likely to buy co-living building in Seoul
- 3 Coupang bids for Korean luxury market dominance with Farfetch
- 4 Hyundai Rotem set to finalize $6 bn K2 tank order from Poland
- 5 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit