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Lotte Corporation is a South Korean multinational conglomerate corporation, and the fifth-largest chaebol in South Korea. [1] Lotte was founded on 28 June 1948 by Korean businessman Shin Kyuk-ho in Tokyo. Shin expanded Lotte to his ancestral country, South Korea, with the establishment of Lotte Confectionery in Seoul on 3 April 1967.
A Lotte Mart in Yuseong District, Daejeon, South Korea. Lotte Mart is a South Korean hypermarket that sells a variety of groceries, clothing, toys, electronics, and other goods, with headquarters in South Korea. [citation needed] Lotte Mart is a division of the Lotte Co., Ltd. which sells food and shopping services in South Korea and Japan. [1]
Lotte Group is a corporate group started by Zainichi Korean businessman Shin Kyuk-ho in Tokyo on June 28, 1948, starting with the Japanese Lotte Co., composed of Lotte Holdings (Japan) and Lotte Corporation (South Korea).
Lotte is also well known for their cookies called Koala's March, which are small cream-filled cookies shaped like koalas, packaged in a unique hexagonal box, and Pepero, a product inspired by Pocky. [10] To extend the reach of products of both companies in China, Lotte has established a joint venture with Hershey's.
In 2010, Lotte Cinema China opened in Shenyang and grew operations to 9 theaters spanning 67 screens. [16] However, the company exited China's market in 2022 due to business structure complexities according to Global Times news reports. [citation needed] In total, Lotte Cinema manages 198 sites with 1,128 screens worldwide. [17]
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Lotte Holdings Co., Ltd. (株式会社ロッテホールディングス, kabushiki gaisha Rottehōrudingusu) is a Japanese multinational holding company which focused on confectionery and ice cream processing, hotels and sport management. The company was founded in June 1948 by Korean businessman Shin Kyuk-ho.
The companies include Huafu Fashion Co., one of the world's largest textile manufacturers, and 25 of its subsidiaries, which the U.S. has linked to forced-labor practices in China's cotton industry.