Lotte Corporation
| Lotte | |||||||
|---|---|---|---|---|---|---|---|
| Korean name | |||||||
| Hangul | 롯데 | ||||||
| |||||||
| Japanese name | |||||||
| Katakana | ロッテ | ||||||
Lotte Co., Ltd. is one of the largest food and shopping groups in Japan and South Korea, and a South Korean Jaebeol (conglomerate). Lotte was established in June 1948 in Tokyo, Japan by Japan-raised Korean businessman Shin Kyuk-Ho (신격호) also known as Takeo Shigemitsu (重光武雄, Shigemitsu Takeo). After the normalization of Japan-Korea relations in 1965, Lotte expanded into Korea with the establishment of Lotte Confectionary Co., Ltd in Seoul on April 3, 1967.
Lotte Group consists of over 60 business units employing 60,000 people engaged in such diverse industries as candy manufacturing, beverages, hotels, fast food, retail, financial services, heavy chemicals, electronics, IT, construction, publishing, and entertainment. Lotte has major operations by Shin Kyuk-Ho's family located in Japan and South Korea with businesses in China, Thailand, Indonesia, Vietnam, India, USA, Russia, and Philippines. Today, Lotte is the largest candy / chewing gum manufacturer in both Japan and South Korea, and is one of South Korea's largest conglomerates.
Management
Lotte group's headquarters are located in Tokyo and Seoul. It is controlled by the founder Shin Kyuk-Ho's family.
- Lotte of Korea employs 56,369 with a revenue of 41 trillion won in 2008 and has 53 companies[1] in South Korea
- Lotte of Japan employs 3,600 with a revenue of 448 billion yen in 2006
LOTTE Group's total assets are approximately 50 billion USD ( LOTTE Korea $40 Billion, LOTTE Japan $10 Billion).
Business
Lotte group's major businesses are food products, shopping, finance, construction, amusement parks, hotels, trade, oil and sports.
- Food Products: Lotte Confectionery, Lotte Chilsung, Lotte Samkang, Lotteria
- Shopping: Lotte Shopping, Lotte Mart, Lotte Department Store
- Finance: Lotte Insurance, Lotte Card, Lotte Capital
- Construction:
- Amusement parks: Lotte World, Lotte Cinema
- Hotels: Lotte Super Tower 123 and Busan Lotte Tower
- Trade: Lotte international
- Oils: Honam, KP Chemical
Lotte World
- Lotte World in Seoul, one of the world's largest indoor theme parks.
- Lotte Super Tower 123 skyscraper in Seoul, Korea, 2014
- Busan Lotte Tower Syscraper in Busan, Korea, 2013
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 : 23,4-ga, Yangpyeong-dong, Yeongdeungpo-gu, Seoul, Korea
- Japan R&D Center : Saitama, Japan
History
Lotte's first company was founded in June 1948 in Tokyo, Japan by a Korean businessman, Shin Kyuk-Ho (신격호, 辛格浩), also known by his Japanese name, Shigemitsu Takeo ([重光 武雄] Error: {{Lang}}: unrecognized language code: jp (help)) two years after graduating from Waseda Jitsugyo high School ([早稲田実業学校] Error: {{Lang}}: unrecognized language code: jp (help)). Originally called Lotte Co., Ltd, the company has grown from selling chewing gum to children in post-war Japan to becoming a major multinational corporation.
Name
The source of the company's name is neither Japanese nor Korean, but German. Shin 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[citation needed] (also the name of a new brand of deluxe movie theatres run by Lotte) in the novel. Lotte's current marketing slogan in Japan is お口の恋人ロッテ (o-kuchi no koibito Lotte), which is translated as "your palate's sweetheart, Lotte".