Lotte Group is a corporate group started by

Zainichi Korean () are ethnic Koreans who immigrated to Japan before 1945 and are citizens or permanent residents of Japan, or who are descendants of those immigrants. They are a group distinct from South Korean nationals who have immigrated to Japan since t ...

businessman

Shin Kyuk-ho Shin Kyuk-ho (; 3 November 192119 January 2020), known in Japan as , was a Zainichi Korean businessman known for being the founder of the South Korean-Japanese conglomerate Lotte Corporation (Group), now one of the largest chaebols in South K ...

South Korea South Korea, officially the Republic of Korea (ROK), is a country in East Asia. It constitutes the southern half of the Korea, Korean Peninsula and borders North Korea along the Korean Demilitarized Zone, with the Yellow Sea to the west and t ...

on June 15, 1948, starting with the South Korean Lotte Co., composed of Lotte Holdings (Japan) and Lotte Corporation (South Korea). Shin expanded Lotte to his ancestral country, South Korea, with the establishment of

Lotte Confectionery Lotte Wellfood Co., Ltd. (), formerly Lotte Confectionery, is a South Korean international confectionery company headquartered in Seoul, South Korea. The company was established in 1967. Currently, it is the third-largest chewing gum manufacturer ...

Seoul Seoul, officially Seoul Special Metropolitan City, is the capital city, capital and largest city of South Korea. The broader Seoul Metropolitan Area, encompassing Seoul, Gyeonggi Province and Incheon, emerged as the world's List of cities b ...

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 Johann Wolfgang (von) Goethe (28 August 1749 – 22 March 1832) was a German polymath who is widely regarded as the most influential writer in the German language. His work has had a wide-ranging influence on Western literature, literary, Polit ...

's ''

The Sorrows of Young Werther ''The Sorrows of Young Werther'' (; ), or simply ''Werther'', is a 1774 epistolary novel by Johann Wolfgang von Goethe, Johann Wolfgang Goethe, which appeared as a revised edition in 1787. It was one of the main novels in the ''Sturm und Drang'' ...

'' (1774) and named his newly founded company Lotte after the character Charlotte in the novel. ("Charlotte" is also the name of premium auditoriums in movie theatres run by Lotte.) Lotte's current

marketing Marketing is the act of acquiring, satisfying and retaining customers. It is one of the primary components of Business administration, business management and commerce. Marketing is usually conducted by the seller, typically a retailer or ma ...

slogan A slogan is a memorable motto or phrase used in a clan or a political, commercial, religious, or other context as a repetitive expression of an idea or purpose, with the goal of persuading members of the public or a more defined target group ...

in Japan is .

Operations

''Lotte Corporation'' – is located in

Songpa-gu Songpa District () is one of the List of districts of Seoul, 25 districts of Seoul, South Korea. Previously known as Wiryeseong, the first capital of the ancient kingdom of Baekje, Songpa is located in the southeastern part of Seoul. With roughl ...

, Seoul and Lotte Holdings Co., Ltd. in

Shinjuku , officially called Shinjuku City, is a special ward of Tokyo, Japan. It is a major commercial and administrative center, housing the northern half of the busiest railway station in the world ( Shinjuku Station) as well as the Tokyo Metropol ...

, Tokyo. It is controlled by the founder

Shin Kyuk-Ho Shin Kyuk-ho (; 3 November 192119 January 2020), known in Japan as , was a Zainichi Korean businessman known for being the founder of the South Korean-Japanese conglomerate Lotte Corporation (Group), now one of the largest chaebols in South K ...

's extended family.

Business

Lotte Group's major businesses are food, retail, chemical, construction, manufacturing, tourism, service, finance, etc. * Food:

Lotte Chilsung Lotte Chilsung Beverage Co., Ltd. () is a drink manufacturer in South Korea affiliated with Lotte Corporation. The company's name, Chilsung (), signifies "Big Dipper" or seven stars, and its logo displays seven stars aligned in a row. History Ch ...

Lotte Liquor Lotte Chilsung Beverage Co., Ltd. () is a drink manufacturer in South Korea affiliated with Lotte Corporation. The company's name, Chilsung (), signifies "Big Dipper" or seven stars, and its logo displays seven stars aligned in a row. History Ch ...

, Lotte Asahi Liquor, Lotte GRS, and others. * Retail/Entertainment:

Lotte Department Store Lotte Department Store () is a Korean retail company established in 1979, and headquartered in Sogong-dong, Jung-gu, Seoul, South Korea. Lotte Department Store offers retail consumer goods and services and is one out of 8 business units of Lot ...

Lotte Shopping Lotte Shopping Co., Ltd. (), a distribution unit of Lotte Group, is a multinational retailer headquartered in Seoul, South Korea. Founded in 1979, Lotte Shopping operates various retail stores, including department stores, outlet stores, hypermar ...

Lotte Hi-Mart Lotte Hi-Mart () is a South Korean retailer of electronic goods. It was originally a unit of bankrupt Daewoo Electronics that founder Seon Jong-koo spun off in 1999. Hi-Mart is headquartered in Seoul. Hi-mart was taken over by Lotte Corporation o ...

, Lotte Super, Lotte On, Lotter Korea Seven, FRL Korea,

Lotte Cultureworks Lotte Cultureworks () is a Republic of Korea company that houses Lotte Cinema () and Lotte Entertainment (). History Lotte Cultureworks originally began as Lotte Cinema, which was a division of Lotte Shopping, in 1999. In September 2003, Lotte E ...

and others. * Chemical/construction/manufacturing: Lotte Construction,

Lotte Chemical Lotte Chemical Corporation () is a chemical company headquartered in Seoul, South Korea. Lotte Chemical is one of the largest chemical companies in the world by revenue. Lotte Chemical manufactures synthetic resins and other chemical products us ...

, Lotte Fine Chemical, Lotte MCC, Lotte E&C, Lotte Aluminium, Lotte Ineos Chemical, Korea Fujifilm, and others. * Tourism/service/finance:

Lotte Global Logistics Lotte Logistics (Korean language, Korean: 롯데택배, formerly 현대택배) is a logistics and shipping company headquartered in Seoul, Korea, established in 1988. It is a subsidiary of Lotte Corporation. Lotte Logistics is known for its white ...

Lotte Rental Lotte Corporation is a South Korean multinational conglomerate corporation, and the fifth-largest chaebol in South Korea. Lotte was founded on 28 June 1948 by Korean businessman Shin Kyuk-ho in Tokyo. Shin expanded Lotte to his ancestral ...

, Lotte Resort,

Lotte Duty Free Lotte Duty Free (LDF; ), a duty-free division of Hotel Lotte, is a travel retailer headquartered in Seoul, South Korea. LDF is one of the largest travel retailers in the world alongside Dufry and DFS Group. Locations Lotte Duty Free operates mor ...

Lotte World Lotte World or Lotte World Adventure () is a theme park and major recreation complex in Seoul, South Korea. Opened in July 1989, Lotte World consists of a large indoor theme park, an outdoor amusement park called "Magic Island", shopping mall ...

, Lotte Property & Development,

Lotte Capital Lotte Capital Co, Ltd. is a Korean financial company, established in 1995 with headquarters in Seoul. It is the financial services unit of Lotte Corporation. Lotte Capital Co., Ltd., headquartered in Seoul, South Korea, is a financial institution ...

Lotte Hotels & Resorts Lotte Hotels and Resorts is a South Korean luxury hotel chain operated by Lotte Hotel Co., Ltd., the hospitality arm of Lotte Corporation. The company was founded in May 1973. Starting with the opening of Lotte Hotel Seoul in 1979, luxury chain h ...

Lotte Giants The Lotte Giants () are a South Korean professional baseball, professional baseball team based in Busan. They are a member of the KBO League. The Lotte Giants are owned by Lotte Corporation. From 1982 through 1985, they played at Gudeok Baseball ...

, Daehong Communications, Lotte Hotel Busan, Lotte International, and others

Sports

Lotte also owns professional

baseball Baseball is a bat-and-ball games, bat-and-ball sport played between two team sport, teams of nine players each, taking turns batting (baseball), batting and Fielding (baseball), fielding. The game occurs over the course of several Pitch ...

teams. *

Chiba Lotte Marines The are a professional baseball team in Japan's Pacific League based in Chiba, Chiba, Chiba City, Chiba Prefecture, in the Kantō region, and owned by Lotte Holdings, Lotte Holdings Co., Ltd. The Marines were a founding member of the Pacific Le ...

in Japan (1971–present) *

Busan Busan (), officially Busan Metropolitan City, is South Korea's second list of cities in South Korea by population, most populous city after Seoul, with a population of over 3.3 million as of 2024. Formerly romanized as Pusan, it is the economi ...

, South Korea (1982–present).

Lotte R&D Center

* Korea R&D Center : 201, Magokjungang-ro, Gangseo-gu

, South Korea * Japan R&D Center : Saitama, Saitama Prefecture, Japan

Controversies

''See Lotte Corporation - Controversies.''

References

External links

* (

Korean Korean may refer to: People and culture * Koreans, people from the Korean peninsula or of Korean descent * Korean culture * Korean language **Korean alphabet, known as Hangul or Korean **Korean dialects **See also: North–South differences in t ...

) * (

English English usually refers to: * English language * English people English may also refer to: Culture, language and peoples * ''English'', an adjective for something of, from, or related to England * ''English'', an Amish ter ...

) {{KRX 100 companies Conglomerate companies established in 1948 Shin family Family-owned companies of South Korea