Lotte, Hotel Shilla expand foothold abroad to overcome pandemic koreatimes.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimes.co.kr Daily Mail and Mail on Sunday newspapers.
Lotte, Hotel Shilla expand foothold abroad to overcome pandemic
Posted : 2021-07-30 09:21
By Yi Whan-woo
Lotte Hotels & Resorts and Hotel Shilla are trying to expand their footholds abroad in what are seen as their bids to overcome business risks stemming from a decline in the number of international visitors to Korea due to the COVID-19 pandemic.
Lotte Hotels & Resorts, Korea s top hotel chain operating under the wing of Lotte Group, has its eyes on the United States where it falls behind other international hospitality brands, but possesses growth potential at the same time.
Hotel Shilla is targeting the duty free market on China s tourist island of Hainan that has emerged as a paradise for Chinese shoppers after being designated as a tax-free zone.
Lotte chief urges breakthrough in e-commerce koreatimes.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimes.co.kr Daily Mail and Mail on Sunday newspapers.
Lotte close to decision on purchasing eBay
Posted : 2021-04-23 16:10
Updated : 2021-04-23 16:37 Lotte Group Chairman Shin Dong-bin talks to his executives during a company meeting at his office in Seoul on Jan. 14. Courtesy of Lotte Group
By Kim Jae-heun
Lotte Group is expected to decide soon whether to take over eBay Korea to beef up its sluggish e-commerce operations. Expectations are rising, with Chairman Shin Dong-bin returning to work after a quarantine period in Seoul, following his trip to Japan two weeks ago.
There are only two months left until the online retail platform selects its preferred bidders. The bid price offered by Lotte is expected to show just how much Shin wants eBay Korea, according to industry watchers.
Lotte still stays in bad shape
Posted : 2021-01-21 09:24
By Kim Hyun-bin
The country s top four conglomerates Samsung, Hyundai, SK, and LG have succeeded in finding new sources of revenue amid the COVID-19 pandemic, but No. 5 Lotte Group has suffered a continued decline in profitability in key businesses.
Lotte Group Chairman Shin Dong-bin
Lotte Group has been plagued by a series of problems, including a bitter feud between the two scions of the conglomerate over management control, and a leadership vacuum after Chairman Shin Dong-bin was jailed in early 2018 on bribery charges. He was released later that year after a court suspended his sentence.