Lotte Co., Ltd. is one of largest food and shopping groups in South Korea and Japan, and South Korean Jaebeol (conglomerate). Lotte was established in June 1948 in Tokyo, Japan 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 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 South Korea and Japan 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.
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