The author is an analyst for NH Investment & Securities. He can be reached at jooyh@nhqv.com -- Ed.Lotte Rental is seeking to strengthen the competitiveness of its car rental business by expanding its used car rental business and introducing membership services. The firm aims to take the lead in the
Fierce competition among major corporations is currently underway in the copper foil market dominated by SK Nexilis, a 100 percent subsidiary of SKC.SK Nexilis, an SK subsidiary specializing in the manufacture of copper foil for secondary batteries, and Lotte Chemical’s subsidiary Lotte Energy Mater
Airbus SE has once again emphasized its commitment to establishing a Research and Development (R&D) center in South Korea. It has been confirmed that the aerospace giant plans to supply over 60 aircraft to domestic airlines in the near future.Speaking at a press conference on Oct. 16 at the Lotte Ho
The author is an analyst for NH Investment & Securities. He can be reached at jooyh@nhqv.com --- Ed.Considering both the incorporation of its Philippines business as a consolidated subsidiary and product price hikes at rivals, Lotte Chilsung’s share price momentum is primed to strengthen towards end
Lotte WellFood (formerly Lotte Confectionery) announced on Oct. 10 that its Indian subsidiary, LOTTE INDIA, will begin full-scale operations of the third production line of Lotte Choco Pie at its Chennai factory. An investment of approximately 300 billion won has been made to expand this line.Due to
Apple Pay, which made its entrance in South Korea in partnership with Hyundai Card, is set to face scrutiny at the National Audit. The National Assembly is expected to delve into issues such as the reportedly higher fees compared to Samsung Pay during this audit.According to financial sources on Oct
Pernod Ricard Korea announces that JAMESON will participate as the main sponsor of “Go Out Camp” to meet national wide campers to boost its communications. JAMESON has become a favorite among campers as it fits the outdoor atmosphere and, also pairs well with camping dishes.Now in its 16th edition,
Lotte Chemical has sold off all of its plants producing general-purpose petrochemicals in China. General-purpose petrochemicals have become a marginal business for the company with deteriorated profitability due to aggressive expansion by Chinese companies.According to industry sources on Oct. 9, Lo
LOTTE Corporation’s 2021 Sustainability Report has been awarded Best of South Korea at the American 2023 Annual Report Competition (ARC) Awards.Now in its 37th year, the ARC Awards, organized by the U.S. corporate communications specialist MerComm, is the world’s largest annual report and sustainabi
Signiel Seoul, the top-tier brand of Lotte Hotels & Resorts, has been recognized by the Condé Nast Traveler as the first and only South Korean hotel to be named among the 'World's Best Hotels,' it was revealed on the 6th.Condé Nast Traveler's 'Readers' Choice Awards' is a prestigious accolade, often
The Ministry of Employment and Labor (MOEL) announced on Oct. 4 that “simultaneous supervision” will be implemented at all construction sites nationwide by Lotte Engineering & Construction.The implementation of this simultaneous supervision comes in response to a fatal accident that occurred at Lott
Recent findings from the Ministry of Land, Infrastructure, and Transport’s Dispute Resolution Committee for Construction Defect Inspections indicate that GS Engineering & Construction has received the highest number of construction defects among construction companies over the past four years.MOLIT
GS Engineering & Construction’s top management met with Ho Chi Minh City People’s Committee Chairman and Mayor Phan Van Mai, who is currently on a visit to South Korea, to discuss mutual cooperation strategies for development projects in Ho Chi Minh City, Vietnam.GS E&C announced on Sept. 25 that it
South Korea’s battery industry is on high alert due to the potential designation of companies as “Foreign Entities of Concern” (FEOC) by the United States. If Chinese companies that supply raw materials and substances to Korean firms get listed as FEOCs, it could hinder these firms from receiving th
On Sept. 20, President Yoon Suk-yeol proposed the formation of a “Carbon Free Alliance” to the international community during the United Nations General Assembly held in New York. This proposal includes bringing forward Carbon-Free Energy (CFE), which encompasses nuclear power and hydrogen energy, a
Lotte Group’s Chairman Shin Dong-bin is focusing on the international market with the grand opening of the “Lotte Mall West Lake Hanoi” in Hanoi, Vietnam, set for Sept. 22 (local time). Covering an area of approximately 354,000 square meters, the shopping mall is equivalent to the size of 50 soccer
The author is an analyst for NH Investment & Securities. He can be reached at esshim@nhqv.com -- Ed.Started as a textile product manufacturer, DI Dongil has been striving steadily to diversify its business areas. In line, the values of its subsidiaries and assets are projected to be highlighted once
JKL Partners, which has entered the race for the acquisition of HMM worth 5 trillion won (US$3.76 billion) after forming a consortium with Harim Group, is accelerating its efforts to secure funding through the sale of Lotte Insurance.According to the investment banking industry on Sept. 19, Private
Lee Jae-Yong, Chairman of Samsung Electronics; Chey Tae-Won, Chairman of SK Group; and the heads of other top 10 Korea-based conglomerates are projected to visit Saudi Arabia next month.According to industry sources on Sept. 14, Won Hee-ryong, minister of land, infrastructure, and transport, is cons
According to sources from the business sector on Sept. 7, Lotte Group Chairman Shin Dong-bin is considering a visit to Vietnam on Sept. 22 to attend the grand opening ceremony of “Lotte Mall West Lake Hanoi” operated by Lotte Shopping.Lotte is opening Lotte Mall West Lake Hanoi to expand its presenc