[KH Explains] Lotte goes all-out to secure cash amid lackluster earnings
South Korean retail giant and the nation's fifth-largest conglomerate Lotte Group is reportedly resorting to liquidating billions of won in assets as it grapples with flagging performance posted across its major subsidiaries. According to the Financial Supervisory Service's electronic disclosure board, Lotte Holdings reported 211.7 billion won ($157 million) in operating profits in the January-June period t...
South Korea South Korean Lotte Mart Lotte Department Ministry Of Science Financial Supervisory Service
Source: koreaherald.com