Lotte Mart is a South Korean

hypermarket A hypermarket (sometimes called a hyperstore, supercentre or superstore) is a big-box store combining a supermarket and a department store. The result is an expansive retail facility carrying a wide range of products under one roof, includin ...

that sells a variety of groceries, clothing, toys, electronics, and other goods, with headquarters in

South Korea South Korea, officially the Republic of Korea (ROK), is a country in East Asia, constituting the southern part of the Korea, Korean Peninsula and sharing a Korean Demilitarized Zone, land border with North Korea. Its western border is formed ...

. Lotte Mart is a division of the Lotte Co., Ltd. which sells food and shopping services in South Korea and

Japan Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the n ...

. Lotte Mart, part of the Korean conglomerate "Lotte", opened its first branch at

Guui-dong Guui-dong is a '' dong'', neighbourhood of Gwangjin-gu in Seoul, South Korea. History The name Guro-dong comes from a legend that there were nine long-lived old people here. Guro-dong is bordered by Anyangcheon and Seoul Digital Industrial C ...

, GangByeon,

Seoul, Korea Seoul (; ; ), officially known as the Seoul Special City, is the capital and largest metropolis of South Korea.Before 1972, Seoul was the ''de jure'' capital of the Democratic People's Republic of Korea (North Korea) as stated iArticle 103 of ...

on April 1, 1998. In 2006, Lotte Mart opened its first overseas branch. As of August 8, 2011, Lotte Mart had 199 branches (92 branches in Korea, 82 branches in

China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's List of countries and dependencies by population, most populous country, with a Population of China, population exceeding 1.4 billion, slig ...

, 23 branches in

Indonesia Indonesia, officially the Republic of Indonesia, is a country in Southeast Asia and Oceania between the Indian and Pacific oceans. It consists of over 17,000 islands, including Sumatra, Java, Sulawesi, and parts of Borneo and New Gui ...

, and 13 branches in

Vietnam Vietnam or Viet Nam ( vi, Việt Nam, ), officially the Socialist Republic of Vietnam,., group="n" is a country in Southeast Asia, at the eastern edge of mainland Southeast Asia, with an area of and population of 96 million, making ...

). The brands that Lotte created and sell include Herbon, Wiselect, Withone, Basicicon, Tasse Tasse, and Gerard Darel. In April 2018, Lotte Mart confirmed to exit Beijing operations by selling its 21 Beijing stores to Chinese supermarket operator Wumei Holdings Inc.

Operating divisions

International locations

China

In December 2007, Lotte Mart bought out

Makro Makro is a Dutch international brand of warehouse clubs, also called cash and carry stores. Makro was founded by SHV Holdings, a Dutch conglomerate based in Utrecht in partnership with German company Metro AG, with the first warehouse club ...

, an established supermarket chain from the

Netherlands ) , anthem = ( en, "William of Nassau") , image_map = , map_caption = , subdivision_type = Sovereign state , subdivision_name = Kingdom of the Netherlands , established_title = Before independence , established_date = Spanish Netherl ...

. By purchasing Makro, Lotte Mart was able to gain access to the Chinese market. This was the first time Korean retail had entered the Chinese market. There are now 82 branches of Lotte Mart in China. In February 2017, it was reported that Lotte Group had agreed to offer one of its golf course to be swapped with Korea military. The golf course was expected to be used as a site for Terminal High Altitude Area Defense (THAAD) to the US military.

Indonesia

Continuing their expansion plans, in October 2008, Lotte bought PT Makro Indonesia. PT Makro Indonesia, who operated

stores, ran 19 stores in Indonesia. This was also the first time Korean retail had entered the Indonesian market. As of 2019 there are 50 stores in Indonesia.

Vietnam

On December 18, 2008 Lotte Mart established its first Vietnamese branch in District 7 of

Ho Chi Minh City , population_density_km2 = 4,292 , population_density_metro_km2 = 697.2 , population_demonym = Saigonese , blank_name = GRP (Nominal) , blank_info = 2019 , blank1_name = – Total , blank1_ ...

Toys "R" Us

Lotte Mart made a licensed contract with

Toys "R" Us Toys "R" Us is an American toy, clothing, and baby product retailer owned by Tru Kids (doing business as Tru Kids Brands) and various others. The company was founded in 1957; its first store was built in April 1948, with its headquarters loca ...

in December 2007. The first Toys R Us opened in South Korea on December 8, 2007. It was opened in the Lotte Mart Guro Branch in Seoul, Korea. Other Toys R Us locations are in

Guri Guri (, lit. Nine Villages Town(Town of Nine Villages) is a city in Gyeonggi Province, South Korea. It is located immediately to the east of Seoul, in the heart of the Capital Metropolitan Area. The Royal Tombs of the Joseon Dynasty are locat ...

Incheon Incheon (; ; or Inch'ŏn; literally "kind river"), formerly Jemulpo or Chemulp'o (제물포) until the period after 1910, officially the Incheon Metropolitan City (인천광역시, 仁川廣域市), is a city located in northwestern South Kore ...

, Samsan, and Jamsil. The Lotte Mart Company planned to open 20 more Toys R Us stores by 2012.

References

External links

Offsite website in Korean

Lotte Korea Group Official website
{{Lotte

Mart Mart may refer to: * Mart, or marketplace A marketplace or market place is a location where people regularly gather for the purchase and sale of provisions, livestock, and other goods. In different parts of the world, a marketplace may be d ...

Retail companies established in 1998 Department stores of China Department stores of South Korea Department stores of Indonesia South Korean companies established in 1998