All posts tagged "Lotte"

  • Lotte Corp. CEO Noh Byung-yong, center in front row, and 36 other CEOs of Lotte Group affiliates hold a press briefing after a meeting at the Lotte World Tower in southern Seoul, Tuesday. (Yonhap)
    Anti-Lotte sentiment rising in S. Korea

    Consumer groups plan to launch boycott campaign By Lee Hyo-sik The escalating family mudslinging at Lotte Group is triggering a public uproar as consumers are exasperated by the “foul infighting” over control of the country’s fifth-largest conglomerate....

    • Posted August 4, 2015
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  • Lotte Group Chairman Shin Dong-bin talks to reporters upon his arrival at Seoul's Gimpo International Airport on Aug. 3, 2015. (Yonhap)
    Lotte heir vows all-out efforts to end family feud

    SEOUL (Yonhap) — Shin Dong-bin, the younger son and heir apparent of Lotte Group founder Shin Kyuk-ho, pledged Monday to do his best to resolve a bitter family conflict over control of the retail empire whose business...

    • Posted August 3, 2015
    • 1
  • Lotte Group, South Korea's fifth-largest conglomerate, is mired in a family feud between the corporate founder's two sons who want to take over the leadership from their 93-year-old father, Shin Kyuk-ho. The retail and food giant has been building the Lotte World Tower in the southern Seoul to realize the founder's lifelong ambition, which is set to be the country's tallest structure upon completion. (Yonhap)
    Lotte loses 1 tln won in China over past 4 years

    SEOUL (YONHAP) –South Korea’s fifth-largest conglomerate Lotte Group lost more than 1 trillion won (nearly $1 billion) from its operations in China and Hong Kong, data showed Sunday, lending weight to allegations by the owner family’s eldest...

    • Posted August 1, 2015
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  • lotte
    A real-life Korean drama: Lotte founder dismissed by second son

    TOKYO/SEOUL, July 28 (Yonhap) — The board of directors of Japan-based Lotte Holdings Co., the de facto holding firm of Lotte Group, voted Tuesday to sack the group’s founder as chief executive and general chairman, group officials...

    • Posted July 28, 2015
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  • President Park Geun-hye talks to stars and producers of box-office hit movie "Ode to My Father" and other officials before watching the movie at a theater in Seoul on Jan. 28, 2015. (Yonhap)
    S. Korea to create 40 billion won ($35 million) fund for local film industry

    SEOUL, March 16 (Yonhap) — Lotte Group, South Korea’s fifth-largest family-controlled conglomerate, will play a key role in creating a fund worth 40 billion won (US$35 million) to help develop the country’s film industry, the presidential office...

    • Posted March 16, 2015
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  • This photo shows a crack discovered on streets last week near Lotte World Tower, a skyscraper in Seoul that will be the tallest building in South Korea when completed. The Seoul municipal government, however, announced on Jan. 14, 2015, that the cracks were not indicative of sinkholes and were safe. (Yonhap file photo)
    Seoul city says cracks near Lotte tower not dangerous

    SEOUL (Yonhap) — A series of cracks and subsidence recently discovered on roads near Lotte World Tower have been found not dangerous, the Seoul municipal government said Wednesday, amid lingering concerns over the skyscraper’s safety. Last week,...

    • Posted January 13, 2015
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  • Lotte Tower (NEWSis)
    Lotte rebuts safety claims over sinkholes

    SEOUL (Yonhap) — Lotte Engineering & Construction Co., the builder of a 123-story skyscraper whose safety has raised concerns, said Thursday the structure is not responsible for signs of a nearby sinkhole found by the Seoul city...

    • Posted January 8, 2015
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