Lotte Group
{{Short description|Food and shipping corporation}}
{{See also|Lotte Holdings|Lotte Corporation|Lotte (disambiguation)}}
{{more citations needed|date=September 2018}}
{{EngvarB|date=July 2022}}
{{Use dmy dates|date=July 2022}}
{{Infobox company
| name = Lotte Group
| logo = Lotte logo.svg
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| native_name = {{ubl|ロッテグループ}}
{{ubl|롯데그룹}}
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| industry = Confectionary, beverages, hotels, retail, construction, entertainment
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| founded = {{Start date and age|1948|8|15}}
| founder = Shin Kyuk-ho
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| areas_served = Worldwide
| key_people = {{ubl|Shin Kyuk-ho|Shin Dong-bin}}
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| website = {{URL|https://www.lotte.co.jp/}}
{{URL|www.lotte.co.kr/global/en/main.do|www.lotte.co.kr}}
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Lotte Group is a corporate group started by Zainichi Korean businessman Shin Kyuk-ho in South Korea on June 15, 1948, starting with the South Korean Lotte Co., composed of Lotte Holdings (Japan) and Lotte Corporation (South Korea).{{Cite web |date=2019-05-15 |title=FTC names 59 chaebol to 2019 watch list |url=https://koreajoongangdaily.joins.com/2019/05/15/economy/FTC-names-59-chaebol-to-2019-watch-list/3063132.html |access-date=2023-03-21 |website=koreajoongangdaily.joins.com |language=en}}{{Cite web |last=Borad |first=Sanjay Bulaki |date=2021-06-28 |title=Chaebol – Meaning, Importance, Drawbacks, and More |url=https://efinancemanagement.com/financial-management/chaebol |access-date=2023-03-21 |website=eFinanceManagement |language=en-US}} Shin expanded Lotte to his ancestral country, South Korea, with the establishment of Lotte Confectionery in Seoul on April 3, 1967.
Name
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.{{cite web|url=http://www.lottehotel.com/seoul/en/facility/facility.asp?type=EX|title=Lotte Hotel Seoul – Hotel Facilities, Fitness, Spa, Conference room|last=www.lottehotel.com|website=www.lottehotel.com|access-date=19 August 2017}}{{cite web|url=http://www.knowledgeofasia.com/2012/11/02/korean-chaebols-lotte-the-origin-of-the-lotte-name/|title=Korean Chaebols: Lotte. The Origin of the Lotte Name|access-date=20 April 2014}} ("Charlotte" is also the name of premium auditoriums in movie theatres run by Lotte.{{cite web | url=https://www.scmp.com/magazines/style/leisure/article/3026895/inside-top-3-korean-cinemas-offering-film-goers-luxury-red | title=Inside the Korean cinemas offering a red-carpet experience | date=13 September 2019 }}) Lotte's current marketing slogan in Japan is {{Nihongo|"The sweetheart of your mouth, Lotte"|お口の恋人,ロッテ|Okuchi no koibito, Rotte}}.
Operations
File:Lotte Ghana Chocolate.jpg
File:Lotte Department Main Store.JPG
File:Villard Houses Mar 2021 08.jpg]]
Lotte Corporation – is located in Songpa-gu, Seoul and Lotte Holdings Co., Ltd. in Shinjuku, Tokyo. It is controlled by the founder Shin Kyuk-Ho's extended family.
=Business=
Lotte Group's major businesses are food, retail, chemical, construction, manufacturing, tourism, service, finance, etc.
- Food: Lotte Confectionery, Lotte Chilsung, Lotte Liquor, Lotte Asahi Liquor, Lotte GRS, and others.
- Retail/Entertainment: Lotte Department Store, Lotte Shopping,Lotte Hi-Mart, Lotte Super, Lotte On, Lotter Korea Seven, FRL Korea, Lotte Cultureworks and others.
- Chemical/construction/manufacturing: Lotte Construction, Lotte Chemical, Lotte Fine Chemical, Lotte MCC, Lotte E&C, Lotte Aluminium, Lotte Ineos Chemical, Korea Fujifilm, and others.
- Tourism/service/finance: Lotte Global Logistics, Lotte Rental, Lotte Resort, Lotte Duty Free, Lotte World, Lotte Property & Development, Lotte Capital, Lotte Hotels & Resorts, Lotte Giants, Daehong Communications, Lotte Hotel Busan, Lotte International, and others
=Sports=
Lotte also owns professional baseball teams.
- Chiba Lotte Marines in Japan (1971–present)
- Lotte Giants in Busan, South Korea (1982–present).
=Lotte R&D Center=
- Korea R&D Center : 201, Magokjungang-ro, Gangseo-gu Seoul, South Korea
- Japan R&D Center : Saitama, Saitama Prefecture, Japan
Controversies
See also
- Lotte Corporation
- Lotte World Tower
- Shin Dong-bin, also known as Akio Shigemitsu
- Chaebol
References
{{reflist}}
External links
- {{Official website|http://www.lotte.co.kr/main.do}} (Korean)
- {{Official website|http://www.lotte.co.kr/global/en/main.do}} (English)
{{Lotte}}
{{chaebol}}
{{KRX 100 companies}}