HISTORY lotte group
Lotte Co., Ltd. is a multinational conglomerate with headquarters in South Korea and Japan. Lotte was first established in June 1948 in Tokyo. The company has grown from selling chewing gum to children in post-war Asia to becoming a major multinational corporation. With the money earned, Lotte expanded with the establishment of Lotte Confectionery in Seoul on April 3, 1967. Lotte eventually grew to become South Korea's third largest business conglomerate.
Lotte Group consists of over 60 business units employing 100,000 people with a turnover of over 64 Billion Euro’s. Lotte Group is engaged in such diverse industries as candy manufacturing, beverages, hotels, fast food, retail, financial services, heavy chemicals, electronics, IT, construction, publishing, and entertainment. Lotte's major operations are overseen by the founder's family in Japan and South Korea, with additional businesses in China, Thailand, Malaysia, Indonesia, Vietnam, India, USA, UK, Russia, Philippines, Pakistan and Poland.