Lotte (company)
| Lotte
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 |
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| legal form | Kabushiki-gaisha (joint stock company) |
| founding | June 1948 |
| Seat | Seoul , South Korea |
| management | Shin Kyuk-ho (Chairman), Takayuki Tsukuda (President) |
| Number of employees | 3250 (Japan) as of March 31, 2009 , 56,369 (South Korea) as of 2008 |
| sales | 445.103 billion yen (Japan) (€ 2.8 billion) , 41 trillion yen Won (South Korea) (€ 27.5 billion) as of March 31, 2008 |
| Branch | Conglomerate |
| Website | www.lotte.co.jp |
| Korean spelling | |
|---|---|
| Korean alphabet : | 롯데 |
| Hanja : | 楽 天 |
| Revised Romanization : | Rotde |
| McCune-Reischauer : | Rotte |
The KK Lotte ( Korean 롯데, Japanese 株式会社 ロ ッ テ , Kabushiki-gaisha Rotte , English Lotte Co., Ltd. ) is a Jaebeol , a multinational conglomerate that was founded in Tokyo in 1948 by the Korean Shin Kyuk-ho .
The company employs around 56,369 people in South Korea and around 3,600 in Japan. The group's corporate assets are estimated at approximately US $ 50 billion.
history
After the initial founding in 1948 in Tokyo of diplomatic relations between the shooting was Japan and South Korea in 1965, on 3 April 1967 in Seoul the Lotte Confectionery Co., Ltd. opened. The company began trading chewing gum in Japan and gradually grew into a multinational conglomerate with a focus on food and petrochemicals.
The Group's companies in Japan were headed by the founder's older son Shin Dong-joo, and the South Korean companies were headed by the younger son Shin Dong-bin. Shin Dong-joo claimed leadership of the entire group and wanted to interfere in his younger brother's business. The fight between the two brothers was fought in public. On January 8, 2015, the then 93-year-old founder Shin Kyuk-ho fired the older son from the position of vice chairman. It is believed, however, that the family dispute will continue because Shin Dong-joo owns shares in the group's companies.
On June 10, 2016, 200 officers stormed Lotte headquarters in South Korea to seek evidence. Some companies in the fifth-largest conglomerate in South Korea are under investigation for bribery and running black funds. Because of the investigation, the Lotte Group postponed Lotte Hotel's IPO . Lotte Chemical then withdrew the takeover offer for the American Axiall Corp. back.
Surname
The name of the company is neither Japanese nor Korean, but comes from German. The founder Shin Kyuk-Ho was so enthusiastic about Johann Wolfgang von Goethe and especially his novel The Sorrows of Young Werther that he gave his company the same name based on Charlotte (often short as Lotte).
subsidiary company
Food and beverage industry
- Lotte Confectionery Co., Ltd., confectionery, chewing gum, ice cream
- Lotte Chilsung Beverage Co., Ltd., soft drinks, fruit juices, mineral water, Pepsi-Cola
- For a long time, the South Korean beer market was dominated by only two manufacturers: Oriental Brewery and HiteJinro . The foreign press particularly criticized the "flat" taste of South Korean beers. The Economist even wrote that North Koreans could do only one thing better than South Koreans and that was brewing beer. A third player in the South Korean beer market was added in 2014. Lotte started with the Kloud brand and was able to quickly increase its market share. Lotte mainly advertises that the beer brand is brewed with pure malt and hops and that no water is added during the brewing process. The production corresponds to the very common process in Germany. A second brewery was planned for 2017 and the company is targeting a market share of 30%.
- Lotte Foods Co., Ltd., fish, meat, frozen foods, dairy products
- Lotte Boulangerie Co., Ltd., baked goods
- Lotte Wedel , Polish chocolate maker
Electronics industry
- Korea Fujifilm Co., Ltd., a joint venture with the Japanese Fujifilm Holdings Corporation for the manufacture and sale of digital cameras, printers, photo papers, film chemistry, batteries
- Canon Korea Business Solutions Inc., a joint venture with Canon Inc., Japan, to manufacture and sell printers, photocopiers and fax machines, as well as toner and ink cartridges
Consumer goods industry
- Lotte Aluminum Co., Ltd., aluminum foil manufacturing, security technology, consumer electronics
IT, consulting
- Lotte Data Communication Corp., IT consulting, software development
- Daehong Communications Corp., Marketing Consultancy
trade
- Lotte Shopping Co., Ltd. ( Lotte Department Store ), 29 department stores in South Korea, China and Russia . As part of the international expansion, the Chinese (eight Cash & Carry stores) and Indonesian (19 Macro Cash & Carry stores) foreign businesses of the Dutch chain Makro were taken over. The company is the largest retail company in South Korea.
- Lotte Mart, discount store
- Lotte GRS Co., Ltd., Korean fast food restaurant chain
- Lotte Midopa, department stores
- Lotte.com, online shop
- Lotte Trading Co., Ltd., import / export
- Lotte Asahi Liquor Co., Ltd., distributor of the products of the Japanese Asahi brewery in South Korea
- Woori Home Shopping Inc.
- FRL Korea Co., Ltd., apparel
Tourism, leisure, sport
- Hotel Lotte Co., Ltd.
- Hotel Lotte Busan Co., Ltd. ( Busan Lotte Tower )
- Lotte Moolsan Co., Ltd.
- Lotte Logistics Co., Ltd. (LLC)
- Lotte rent-a-car
- Lotte Station Building Co., Ltd.
- Lotte Skyhill CC Co., Ltd.
- Lotte JTB Co., Ltd.
- Lotte Giants Co., Ltd., a baseball team based in South Korea
- Chiba Lotte Marines , a baseball team based in Japan
Financial services, insurance
- Lotte Card Co., Ltd.
- Lotte Capital Co., Ltd.
- Lotte Insurance Co., Ltd.
- Lotte Asset Development Co., Ltd.
Chemical industry
Construction industry
- Lotte Engineering & Construction Co., Ltd.
mechanical engineering
- Lotte Engineering & Machinery Mfg. Co, Ltd.
Lotte World
Lotte World ( 롯데 월드 ) is an amusement park in Seoul , which partly consists of a large indoor area and an amusement park on an island, which is connected with a monorail .
The park opened on July 12, 1989 and is considered the largest indoor park in the world and is visited by around eight million people annually.
Web links
- Lotte Group Korea website (Korean, English, Chinese, Japanese)
- Lotte Group Japan website (Japanese, Korean, English)
Individual evidence
- ↑ Lee Hyo-sik: Lotte succession was far from over. The Korea Times, January 14, 2015, accessed June 10, 2016 .
- ^ South Korean prosecutors raid Lotte Group offices. BBC, June 10, 2016, accessed June 10, 2016 .
- ↑ Chung Wook: Lotte Chemical backs off from US Axiall bid. Pulsenews, June 12, 2016, accessed June 13, 2016 .
- ↑ Lotte. Lotte Japan, accessed July 15, 2012 .
- ^ Koichi Kato: Lotte beer taking South Korean market by storm. Nikkei Asian Review, October 20, 2014, accessed June 13, 2016 .