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Native name |
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| Industry | Confectionary, beverages, hotels, retail, construction, entertainment |
| Founded | August 15, 1948; 75 years ago (1948-08-15) |
| Founder | Shin Kyuk-ho |
Areas served | Worldwide |
Key people |
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| Website | www www.lotte.co.kr |
Lotte Group is a corporate group started by Korean businessman Shin Kyuk-hoinTokyo on June 28, 1948, starting with the Japanese Lotte Co., composed of Lotte Holdings (Japan) and Lotte Corporation (South Korea).[1][2] Shin expanded Lotte to his ancestral country, South Korea, with the establishment of Lotte ConfectioneryinSeoul on April 3, 1967.
The source of the company's name is neither Korean nor Japanese, or even Chinese, but German. Shin Kyuk-ho was impressed with Johann Wolfgang von Goethe's The Sorrows of Young Werther (1774) and named his newly founded company Lotte after the character Charlotte in the novel.[3][4] ("Charlotte" is also the name of premium auditoriums in movie theatres run by Lotte.[5]) Lotte's current marketing slogan in Japan is "The sweetheart of your mouth, Lotte" (お口の恋人,ロッテ, Okuchi no koibito, Rotte).
Lotte Corporation – is located in Songpa-gu, Seoul and Lotte Holdings Co., Ltd.inShinjuku, Tokyo. It is controlled by the founder Shin Kyuk-Ho's extended family.
Lotte Group's major businesses are food, retail, chemical, construction, manufacturing, tourism, service, finance, etc.
Lotte also owns professional baseball teams.
See Lotte Corporation - Controversies.
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Business Groups with a total asset over KRW 10 trillion, as designated by KFTC in 2023 | |
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