Lotte Co., Ltd. is one of largest food and shopping groups in South Korea South Korea, officially the Republic of Korea (ROK, Korean: 대한민국, pronounced [tɛːhanminɡuk̚] ) and sometimes referred to simply as Korea, is a state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, and North Korea to the north. Its and Japan Japan is an island country in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south. The characters that make up Japan's name mean "sun-origin", which is why Japan is, and South Korean South Korea, officially the Republic of Korea (ROK, Korean: 대한민국, pronounced [tɛːhanminɡuk̚] ) and sometimes referred to simply as Korea, is a state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, and North Korea to the north. Its Jaebeol Chaebol refers to a South Korean form of business conglomerate. They are powerful global multinationals owning numerous international enterprises. The Korean word means "business family" or "monopoly" and is often used the way "conglomerate" is used in English (conglomerate A conglomerate is a combination of two or more corporations engaged in entirely different businesses together into one corporate structure, usually involving a parent company and several subsidiaries. Often, a conglomerate is a multi-industry company. Conglomerates are often large[citation needed]and often multinational.[citation needed]). Lotte was established in June 1948 in Tokyo Tokyo , officially Tokyo Metropolis (東京都, Tōkyō-to?), is one of the 47 prefectures of Japan. It is located on the eastern side of the main island Honshū and includes the Izu Islands and Ogasawara Islands. Tokyo Metropolis was formed in 1943 from the merger of the former Tokyo Prefecture (Tokyo-fu) and the city of Tokyo. Tokyo is the, Japan Japan is an island country in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south. The characters that make up Japan's name mean "sun-origin", which is why Japan is by Korean businessman Shin Kyuk-Ho (신격호) also known as Takero Shigemitsu (重光武雄, Shigemitsu Takeo?).
Lotte Group consists of over 60 business units employing 60,000 people engaged in such diverse industries as candy Candy, specifically sugar candy, is a confection made from a concentrated solution of sugar in water, to which flavorings and colorants are added. Candies come in numerous colors and varieties and have a long history in popular culture manufacturing Manufacturing is the use of machines, tools and labor to make things for use or sale. The term may refer to a range of human activity, from handicraft to high tech, but is most commonly applied to industrial production, in which raw materials are transformed into finished goods on a large scale. Such finished goods may be used for manufacturing, beverages A drink, or beverage, is a liquid which is specifically prepared for human consumption. In addition to filling a basic human need, beverages form part of the culture of human society, hotels A hotel is an establishment that provides paid lodging on a short-term basis. The provision of basic accommodation, in times past, consisting only of a room with a bed, a cupboard, a small table and a washstand has largely been replaced by rooms with modern facilities, including en-suite bathrooms and air conditioning or climate control, fast food Fast food is the term given to food that can be prepared and served very quickly. While any meal with low preparation time can be considered to be fast food, typically the term refers to food sold in a restaurant or store with preheated or precooked ingredients, and served to the customer in a packaged form for take-out/take-away. The term ", retail Retailing consists of the sale of goods or merchandise from a fixed location, such as a department store, boutique or kiosk, or by mail, in small or individual lots for direct consumption by the purchaser. Retailing may include subordinated services, such as delivery. Purchasers may be individuals or businesses. In commerce, a "retailer", financial services Financial services refer to services provided by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are banks, credit card companies, insurance companies, consumer finance companies, stock brokerages, investment funds and some government sponsored, heavy chemicals A chemical plant is an industrial process plant that manufactures chemicals, usually on a large scale. The general objective of a chemical plant is to create new material wealth via the chemical or biological transformation and or separation of materials. Chemical plants use special equipment, units, and technology in the processes. Other kinds of, electronics Electronics is the branch of science and technology which makes use of the controlled motion of electrons through different media and vacuum. The ability to control electron flow is usually applied to information handling or device control. Electronics is distinct from electrical science and technology, which deals with the generation,, IT Information technology is "the study, design, development, implementation, support or management of computer-based information systems, particularly software applications and computer hardware", according to the Information Technology Association of America (ITAA). IT deals with the use of electronic computers and computer software to, construction In the fields of architecture and civil engineering, construction is a process that consists of the building or assembling of infrastructure. Far from being a single activity, large scale construction is a feat of multitasking. Normally the job is managed by the project manager and supervised by the construction manager, design engineer,, publishing Publishing is the process of production and dissemination of literature or information – the activity of making information available for public view. In some cases authors may be their own publishers, meaning: originators and developers of content also provide media to deliver and display the content, and entertainment The entertainment industry consists of a large number of sub-industries devoted to entertainment. However, the term is often used in the mass media to describe the mass media companies that control the distribution and manufacture of mass media entertainment. In the popular parlance, the term show biz in particular connotes the commercially. Lotte has major operations by Shin Kyuk-Ho's family located in South Korea South Korea, officially the Republic of Korea (ROK, Korean: 대한민국, pronounced [tɛːhanminɡuk̚] ) and sometimes referred to simply as Korea, is a state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, and North Korea to the north. Its and Japan Japan is an island country in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south. The characters that make up Japan's name mean "sun-origin", which is why Japan is with businesses in China China is seen variously as an ancient civilization extending over a large area in East Asia, a nation and/or a multinational entity, Thailand Thailand (pronounced /ˈtaɪlænd/ TYE-land or /ˈtaɪlənd/; Thai: ราชอาณาจักรไทย Ratcha Anachak Thai, IPA: [râːtɕʰa ʔaːnaːtɕɑ̀k tʰɑj]) (formerly Siam Thai: สยาม) is an independent country that lies in the heart of Southeast Asia. It is bordered to the north by Burma and Laos, to the east by Laos, Indonesia Indonesia , officially the Republic of Indonesia (Indonesian: Republik Indonesia), is a country in Southeast Asia and Oceania. Indonesia comprises 17,508 islands. With a population of around 230 million people, it is the world's fourth most populous country, and has the world's largest population of Muslims. Indonesia is a republic, with an, Vietnam Vietnam (pronounced /ˌviː.ɛtˈnɑːm/ VEE-et-NAHM; Vietnamese: Việt Nam, listen ), officially the Socialist Republic of Vietnam (Vietnamese: Cộng hòa xã hội chủ nghĩa Việt Nam, listen (help·info)), is the easternmost country on the Indochina Peninsula in Southeast Asia. It is bordered by People's Republic of China (PRC) to the, India Home to the ancient Indus Valley Civilisation and a region of historic trade routes and vast empires, the Indian subcontinent was identified with its commercial and cultural wealth for much of its long history. Four major religions, Hinduism, Buddhism, Jainism and Sikhism originated here, while Zoroastrianism, Judaism, Christianity and Islam, USA ^ b. English is the de facto language of American government and the sole language spoken at home by 80% of Americans age five and older. Spanish is the second most commonly spoken language, Russia Russia (pronounced /ˈrʌʃə/ ; Russian: Россия, tr. Rossiya, pronounced [rɐˈsʲijə] ( listen)), also officially known as the Russian Federation (Russian: Российская Федерация, pronounced [rɐˈsʲijskəjə fʲɪdʲɪˈraʦəjə] ( listen)), is a state in northern Eurasia. It is a federal semi-presidential republic,, and Philippines The Philippines , officially known as the Republic of the Philippines (Filipino: Republika ng Pilipinas), is a country in Southeast Asia in the western Pacific Ocean. To its north across the Luzon Strait lies Taiwan. West across the South China Sea sits Vietnam. The Sulu Sea to the southwest lies between the country and the island of Borneo, and. Today, Lotte is the largest candy / chewing gum manufacturer in both Japan and South Korea, and is one of South Korea's largest conglomerates.
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Management
Lotte group's headquarters are located in Seoul Seoul (Korean pronunciation: [sʌ.ul] ), officially the Seoul Special City, is the capital and largest city of South Korea. A megacity with a population of over 12 million, it is one of the largest cities in the world The Seoul National Capital Area, which includes the Incheon metropolis and most of Gyeonggi province, has 24.5 million inhabitants, and Tokyo Tokyo , officially Tokyo Metropolis (東京都, Tōkyō-to?), is one of the 47 prefectures of Japan. It is located on the eastern side of the main island Honshū and includes the Izu Islands and Ogasawara Islands. Tokyo Metropolis was formed in 1943 from the merger of the former Tokyo Prefecture (Tokyo-fu) and the city of Tokyo. Tokyo is the. It is controlled by the founder Shin Kyuk-Ho's family.
- Lotte of Korea employs 56,369 with a revenue of 41 trillion won The won (sign: ₩; code: KRW) is the currency of South Korea. A single won is divided into 100 jeon, the monetary subunit. The jeon is no longer used for everyday transactions, and appears only in foreign exchange rates. One South Korean won (as of the 25th May 2010) is equal to 0.114364 North Korean won in 2008 and has 53 companies[1] in South Korea South Korea, officially the Republic of Korea (ROK, Korean: 대한민국, pronounced [tɛːhanminɡuk̚] ) and sometimes referred to simply as Korea, is a state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, and North Korea to the north. Its
- 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 Lotteria is a chain of fast-food restaurants similar to McDonald's, and now with branches in Japan, South Korea, China, and Vietnam. It takes its name from its parent company, Lotte. Lotteria opened its first shop in Nihonbashi, Tokyo, Japan in September 1972
- Shopping: Lotte Shopping, Lotte Mart, Lotte Department Store Lotte Department Store is a Korean retail company established in 1979, and headquartered in Sogong-dong, Jung-gu, Seoul, Korea. Lotte Department Store offers retail consumer goods and services and is one out of 8 business units of Lotte Shopping. Other Lotte companies include discount store Lotte Mart and supermarket Lotte Super
- 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 Amusement park and theme park are terms for a group of rides and other entertainment attractions assembled for the purpose of entertaining a large group of people. An amusement park is more elaborate than a simple city park or playground, usually providing attractions meant to cater to children, teenagers, and adults.
- Lotte Super Tower 123 skyscraper in Seoul Seoul (Korean pronunciation: [sʌ.ul] ), officially the Seoul Special City, is the capital and largest city of South Korea. A megacity with a population of over 12 million, it is one of the largest cities in the world The Seoul National Capital Area, which includes the Incheon metropolis and most of Gyeonggi province, has 24.5 million inhabitants,, Korea, 2014
- Busan Lotte Tower Syscraper in Busan Busan , formerly spelled Pusan (Korean pronunciation: [pusan]) is South Korea's second largest metropolis after Seoul, with a population of around 3.6 million. It is the largest port city in South Korea and the fifth largest port in the world. The city is located on the southeasternmost tip of the Korean peninsula and faces the Korea Strait. The, Korea, 2013
Sports Lotte also owns professional baseball Baseball is a bat-and-ball sport played between two teams of nine players each. The goal is to score runs by hitting a thrown ball with a bat and touching a series of four bases arranged at the corners of a ninety-foot square, or diamond. Players on one team take turns hitting against the pitcher of the other team (the fielding team), which tries teams
- Chiba Chiba is the capital city of Chiba Prefecture, Japan. It is located approximately 40 km east of the center of Tokyo on Tokyo Bay. Chiba City became a government designated city in 1992. Its population as of 2008 is approximately 960,000 Lotte Marines in Japan (1971 1971 was a common year that started on a Friday (link will display full calendar) in the Gregorian calendar-present)
- Lotte Giants in Busan Busan , formerly spelled Pusan (Korean pronunciation: [pusan]) is South Korea's second largest metropolis after Seoul, with a population of around 3.6 million. It is the largest port city in South Korea and the fifth largest port in the world. The city is located on the southeasternmost tip of the Korean peninsula and faces the Korea Strait. The, South Korea (1982 1982 was a common year starting on Friday (link displays the 1982 Gregorian calendar)-present).
Lotte R&D Center
- Korea R&D Center : 23,4-ga, Uangpyeong-dong, Yeongdeungpo-gu, Seoul Seoul (Korean pronunciation: [sʌ.ul] ), officially the Seoul Special City, is the capital and largest city of South Korea. A megacity with a population of over 12 million, it is one of the largest cities in the world The Seoul National Capital Area, which includes the Incheon metropolis and most of Gyeonggi province, has 24.5 million inhabitants,, Korea Korea (Korean: 한국 Hanguk [hanɡuːk] or 조선 Joseon [tɕosʌn] – South and North Korea, respectively ) is a territory of East Asia that was formerly unified under one state, but now divided into two separate states and a region in northeastern Asia. Located on the Korean Peninsula, it is bordered by China to the northwest, Russia to the
- Japan R&D Center : Saitama Saitama is the capital and the most populous city of Saitama Prefecture in Japan, situated in the south-east of the prefecture. Its area incorporates the former cities of Urawa, Ōmiya, Yono and Iwatsuki. It is a city designated by government ordinance. Being in the Greater Tokyo Area and lying 15 - 30 kilometres north of central Tokyo, many of, Japan Japan is an island country in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south. The characters that make up Japan's name mean "sun-origin", which is why Japan is
History
Lotte's first company was founded in June 1948 in Tokyo Tokyo , officially Tokyo Metropolis (東京都, Tōkyō-to?), is one of the 47 prefectures of Japan. It is located on the eastern side of the main island Honshū and includes the Izu Islands and Ogasawara Islands. Tokyo Metropolis was formed in 1943 from the merger of the former Tokyo Prefecture (Tokyo-fu) and the city of Tokyo. Tokyo is the, Japan Japan is an island country in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south. The characters that make up Japan's name mean "sun-origin", which is why Japan is by a Korean businessman, Shin Kyuk-Ho (신격호, 辛格浩), also known by his Japanese name, Shigemitsu Takeo (重光 武雄) two years after graduating from Waseda Jitsugyo high School (早稲田実業学校). 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. After the normalization of Japan-Korea relations in 1965, Lotte Confectionary Co., Ltd was established in Seoul on April 3, 1967.
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".
See also
References
External links
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Categories: Lotte | Chaebol | Food companies of Japan | Companies established in 1948 | Companies of South Korea
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