How is Lotte Group now?

So far, Lotte Group has not completely withdrawn from the China market, and Lotte Chemical and Lotte Department Store Chengdu Branch are still open. However, this cannot be compared with Lotte's infinite scenery in China.

201July 30th, 8 Since China implemented the "Sade" countermeasures against Lotte Group in South Korea last year, Lotte Group's sales in China have plummeted, and there is no sign of any rebound so far. Unbearable Lotte is ready to sell its department store business in China. "After selling the supermarket business, Lotte sells the department store business again, which means that Lotte is completely withdrawing from the retail market in China."

On March 16, 2022, South Korean SBS TV reported that Lotte Group would soon dissolve its headquarters in China in name only and increase its investment in Southeast Asian countries.

company profile

Since Lotte first made fruit, Lotte has been actively trying to create a society that cares for each other, respects individuality and creativity and is happy together.

In terms of business, Lotte chooses its best field, strives to stay ahead of the industry, especially in the core fields such as food, retail, tourism, petrochemical, construction and finance, and makes continuous efforts to become "the top ten multinational enterprises in Asia" in 2020.

In 1970s, Lotte Group developed into the largest food enterprise in Korea by establishing Lotte Seven Star Beverage, Lotte Three Ports, Lotte Sausage and Lotte Lee. Moreover, Lotte Group has also entered the national infrastructure construction industry in an all-round way through the establishment of Lotte Construction, Hunan Petrochemical, Lotte Machinery, Lotte Electronics and Lotte Commune.