LOTTE GROUP

Company Introduction

Lotte Group is a prominent South Korean multinational conglomerate (chaebol) with headquarters in Seoul, South Korea, and Tokyo, Japan. Founded in 1948 by Shin Kyuk-ho, it initially started as a confectionery company. Over the decades, Lotte has expanded significantly, becoming one of South Korea's largest and most diversified business groups with a global presence.

Primary Business Type

Lotte Group is not solely a factory or a trading company. It is a highly diversified multinational conglomerate. Its operations include substantial manufacturing facilities, such as those for confectionery and chemicals, and extensive retail and trading divisions, including department stores, supermarkets, and convenience stores. Additionally, Lotte Group is heavily involved in tourism and services (hotels, theme parks), construction, and financial services. Therefore, it combines elements of both manufacturing and trade, alongside a wide array of service-based businesses.

Key Business Areas

Its major business areas include Retail (department stores, supermarkets, convenience stores, home shopping), Food and Beverages (confectionery, drinks, fast food), Chemicals and Construction (petrochemicals, engineering, construction), and Tourism and Services (hotels, duty-free shops, theme parks, financial services).

Here are some of the products manufactured or sold by LOTTE GROUP in South Korea:

* **Food & Beverage:** Confectionery (chocolate, candy, biscuits), snacks, ice cream, beverages (soft drinks, juices, coffee), processed foods, bakery products, liquor, dairy products.

* **Retail:** Department stores, hypermarkets, supermarkets, convenience stores, duty-free shops, online shopping platforms.

* **Chemicals:** Petrochemicals, polymers, construction materials.

* **Construction & Manufacturing:** Construction projects (residential, commercial, infrastructure), engineering, machinery.

* **Hotel & Service:** Hotels, resorts, theme parks, movie theaters, entertainment venues, financial services.

* **Other:** Electronics, IT services, advertising.