lotte nice agency
Scope
Date
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Pension funds
KTCU posts highest investment return since 2009
Korean Teachers’ Credit Union (KTCU), a retirement fund for South Korean teachers and employees, earned an 11.3% return from investment last y...
Feb 14, 2022 (Gmt+09:00)
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Korean stock market
Korea’s reopening stocks shine despite surging Omicron cases
South Korea’s reopening stocks rallied even as the local COVID-19 cases hit record-highs with the spread of the Omicron variant. Investors rai...
Feb 08, 2022 (Gmt+09:00)
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Batteries
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...
Feb 07, 2022 (Gmt+09:00)
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Korean stock market
Seoul launches investment promotion agency for FDI expansion
The city of Seoul launched Invest Seoul on Feb. 7, an investment promotion agency (IPA) to attract foreign investment and overseas companies. The ca...
Feb 07, 2022 (Gmt+09:00)
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Hydrogen economy
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...
Jan 26, 2022 (Gmt+09:00)
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Mergers & Acquisitions
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...
Jan 23, 2022 (Gmt+09:00)
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M&As
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. ...
Jan 17, 2022 (Gmt+09:00)
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Alternative investments
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 $...
Jan 17, 2022 (Gmt+09:00)
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Metaverse
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...
Jan 13, 2022 (Gmt+09:00)
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Petrochemicals
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,...
Jan 07, 2022 (Gmt+09:00)
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Mergers & Acquisitions
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...
Jan 05, 2022 (Gmt+09:00)
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Retail
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...
Dec 10, 2021 (Gmt+09:00)
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Cryptocurrencies
Dunamu evolves from outlier to qualified investor in Woori
"It caused quite a commotion in our industry." This was the common response by cryptocurrency exchange insiders to the news that Dunamu Inc., an ope...
Nov 23, 2021 (Gmt+09:00)
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Mergers & Acquisitions
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...
Nov 22, 2021 (Gmt+09:00)
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Energy
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 ...
Nov 18, 2021 (Gmt+09:00)
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Future mobility
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) ...
Nov 16, 2021 (Gmt+09:00)
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Entertainment
K-pop stars see huge capital gains from stock options
Executives and employees of top K-pop agencies such as SM Entertainment Co. and YG Entertainment Inc. are expected to earn huge capital gains from...
Oct 29, 2021 (Gmt+09:00)
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Korean startups
Yanolja, HanaTour team up to take lead in travel market
South Korea’s No. 1 accommodation booking platform Yanolja has joined forces with the country's leading travel agency HanaTour Service Inc. to...
Oct 06, 2021 (Gmt+09:00)
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Petrochemicals
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...
Sep 13, 2021 (Gmt+09:00)
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Mergers & Acquisitions
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...
Sep 10, 2021 (Gmt+09:00)
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M&As
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...
Sep 01, 2021 (Gmt+09:00)
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Shipping & Shipbuilding
Korean shipbuilders find relief in falling iron ore prices, rise in new orders
South Korea’s major shipbuilders expect to post improved earnings in coming quarters as falling iron ore prices put them in a stronger positio...
Aug 23, 2021 (Gmt+09:00)
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Future mobility
Lotte Rental invests over $20 mn in autonomous driving startup ahead of IPO
South Korea's largest car rental and auto leasing company Lotte Rental Co. is set to invest 25 billion won ($21.8 million) in a domestic autonomous ...
Aug 09, 2021 (Gmt+09:00)
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M&As
China's top travel agency to join bid for Korea's online retail platform
China’s leading online travel agency (OTA) Trip.com will be joining the race to acquire South Korea’s online retail platform Interpark C...
Aug 03, 2021 (Gmt+09:00)
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Petrochemicals
Lotte to resume $4.4 bn Indonesia petrochemical project next year
Lotte Group plans to resume a $4.4 billion petrochemical project in Indonesia next year as it aims to expand the business in Southeast Asia where de...
Aug 01, 2021 (Gmt+09:00)
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Covid-19 treatment
Indonesia grants emergency use approval for Celltrion’s COVID-19 treatment
South Korean drugmaker Celltrion Inc. has received the Indonesian government’s permission for restricted use of its COVID-19 treatment Regkiro...
Jul 20, 2021 (Gmt+09:00)
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Hydrogen economy
Lotte Chemical goes green with $3.8 bn investment in hydrogen business
South Korea’s Lotte Chemical Corp. is investing 4.4 trillion won ($3.8 billion) in hydrogen projects by 2030 to foster the business as a new g...
Jul 13, 2021 (Gmt+09:00)
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IPOs
Lotte Rental IPO to produce hefty return for NPS
The initial public offering of South Korea's Lotte Rental Co., set for next month, will likely produce high double-digit to low triple-digit returns...
Jul 12, 2021 (Gmt+09:00)
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Petrochemicals
Lotte Chemical to double LPG use as petchem makers diversify feedstock
South Korean Lotte Chemical Corp. plans to double liquefied petroleum gas (LPG) use for ethylene production by next year as the domestic industry ru...
Jul 06, 2021 (Gmt+09:00)
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E-commerce
Shinsegae-Naver consortium one step closer to eBay Korea acquisition
Shinsegae is the likely winner of the eBay Korea acquisition, outplaying its rival Lotte in the prolonged race to buy the country’s third larg...
Jun 16, 2021 (Gmt+09:00)
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