A global group creating a better life for all mankind.
LOTTE continues to challenge itself to realize this ambitious dream.
50 years of LOTTE's history
from LOTTE Confectionery to a global business
The Society that loves and embraces each other with Warm-heart, the free society that
respects personality and creativity, and the pleasant society that shares affluent life together.
LOTTE dreams of the World where all live happily together. LOTTE Creates the happiness more than life.
1960Beginning IN 1960s
Modernization of food industry
Provided modernization of food industry and improved standard of living As LOTTE Confectionery that was the parent company
was established, it provided the opportunity to modernize the food industry and improve the living standard of people.
LOTTE Confectionery that was the first investment made in Korea by Chairman Shin after the normalization of diplomatic relations
between Korea and Japan in 1965 not only vitalized the atmosphere of the devastated homeland
but also served the leading role for the development and advancement of the food industry in Korea.
1967Established LOTTE Confectionery
1968Established LOTTE Aluminum
1970SPRING IN 1970s
Expansion of food business and acceleration of business diversification 1970s was the period when Korea grew as a new industrial country with rapid growth. During this period, LOTTE realized advancement based on economic growth by expanding the food business while exerting efforts to satisfy the high and dynamic needs of consumers. Also in acceleration of business diversification, it spurred to provide the foundation for its growth into a world-renowned business. In the 1970s, LOTTE established LOTTE Chilsung Beverage, LOTTE Samkang, LOTTE Ham/Milk, and Lotteria to develop as the largest food business in Korea and through the establishment of Hotel LOTTE and LOTTE Shopping, it constructed the basis of the modernization in the field of distribution and tourism industry that was regarded as wasteland at that time. In addition, LOTTE Chilsung Beverage, Honam Petrochemical Corp., LOTTE Engineering & Machinery MFG, LOTTE Electronic, and LOTTE Int’l were founded for the actual promotion to the national key industries.
1973Established LOTTE Hotel
Established LOTTE Machine Industry and LOTTE Pioneer
1974Established LOTTE Int’l
Acquired Chilsung Hanmi Beverage (now LOTTE Chilsung Beverage)
1976Acquired Honam Petrochemical Corp (now LOTTE Chemical)
1978Acquired Samkang Industrial(now LOTTE Foods)
Established LOTTE Ham/Milk(now LOTTE Foods)
Acquired Pyeonghwa Engineering & Construction(now LOTTE Engineering & Construction)
Established LOTTE Shopping
1980GROWTH IN 1980s
Entry to the 10 Korean businesses In the 1980s, LOTTE secured the best competitiveness in the field of distribution, tourism, and food industry based on accumulated capital and technologies and as a result, it became one of the 10 major businesses in Korea. Also, it expanded the business areas based on the rapid growth realized in the 1970s by setting the long-term strategy while paving the path for the promotion to the overseas market. During this period, LOTTE completed the construction of LOTTE World and established LOTTE Hotel Busan and LOTTE Corporation to secure the competitiveness of domestic distribution, and tourism industry while devoting all its energy for modernization. Moreover, it expedited the promotion to high-tech industry through the establishment of LOTTE Canon and Korea Fuji Film. In the meantime, LOTTE Giants and Daehong Communications were founded for the construction of cultural infrastructure in the group. The established LOTTE Central Research Institute and LOTTE Distribution business headquarters served the significant role for the R&D of new products and spread of distribution know-how.
1980Established LOTTE frozen, acquired Korea Fuji Film, Co.
1982Established Daehong Communications
Established LOTTE Giants
Established LOTTE Corporation
1983Established LOTTE Central Research Institute
Established LOTTE Distribution business headquarters
1984Established LOTTE Hotel Busan
1985Established LOTTE Canon
(now Canon Korea Business Solutions INC)
1989Established the business headquarters of LOTTE World
1990Re-take off IN 1990s
Provision of foundation for global management 1990s was the period of systematic preparation to leap as an excellent business in the 21st century based on the core strategic business areas. While securing No. 1 rank in the field of distribution, tourism, and food industries, it provided the foundation as a global business based on internally stable management and bold investment. The nationwide chains of Hotel LOTTE and LOTTE Shopping as well as promotion to a new business, it completed the domestic chain network of hotel and shopping and through the promotion to East Asia, Japan, and U.S. market, it accelerated market expansion in the world stage in the field of food & beverage industry along with the distribution and tourism industries. Meanwhile, LOTTE Data Communication Company and LOTTE.com were founded to expand the promotion of high-tech industry. Moreover, Korea Seven, LOTTE Logistics, and LOTTE Freshdelica were established as a way to create new distribution and living culture of the 21st century. Despite the ‘IMF crisis’ that started from the end of 1997, LOTTE consistently continued its growth based on the best competiveness in the market and outstanding financial structure. Such was the outcome realized through LOTTE’s strategy that carefully selected the things that were possible and concentrated and mastered all capabilities on the selected things. It was the period that realized the business philosophy that displayed the greatest strength in the best things by creating new culture in every participating area.
1991Established LOTTE Station Building Co. Ltd.
1994Acquired Korea Seven
1995Established LOTTE Capital
1996Established LOTTE Logistics
LOTTE Data Communication Company
1998Established LOTTE Mart
1999Established LOTTE Cinema
2000GREAT LEAP IN 2000s
Concentration of the core capability to become a global business LOTTE was established in the 1960s, which was regarded as the period of unexplored industry, based on the spirit of patriotic service by a business. Now, it was grown as a business equipped with the best competitiveness in the business circle both in name and reality while creating new history in the field of food, distribution, tourism, leisure, construction, and heavy chemical industries. However, LOTTE doesn’t become complacent with what it has obtained; instead, it is expanding new areas in biotechnology and telecommunications that are the high-tech industries of the 21st century based on the stable financial structure and independent advanced management system. As a business that emphasizes priority to the value of the stockholders by maximizing benefit through responsible and internally stable management and actively responding to changes, LOTTE promises to grow as the world-best business that represents Korea.
Established LOTTE Boulangerie
Established LOTTE Super
2002Acquired Dongyang Card (now LOTTE Card)
2004Established LOTTE Shopping KKD Division
(now Lotteria KKD division)
Acquired KP Chemical
2006Acquired Woori Home Shopping (now LOTTE Homeshopping)
2007Acquired Korea Fire & Marine Insurance(now LOTTE Insurance)
2008Acquired KI Bank (now LOTTE PS Net)
2009Acquired Doosan Liquor BG
(now LOTTE Chilsung Beverage Liquor Division)
2010GLOBALLEAP IN 2010s
Vision, the powerful spring towards a global business that leads Asia LOTTE has repeated stable growth by practicing effective investment on major and related businesses based on thorough and internally stable management. Especially in 2010, it realized the status as a confident global business through active business expansion and accelerated overseas promotion for the realization of the vision [Asia top 10 global business]. By successfully managing 1 trillion won worth of large-scale M&A consecutively in the major business areas like distribution and petrochemistry, it reinforced the business competitiveness of the core businesses in and out of the country. Moreover, the businesses promoted in overseas countries like China, Russia, Vietnam, and Indonesia became stable and the foundation of global LOTTE becomes more expanded through continuous business promotion to other areas. From this point onwards, LOTTE will ensure internal stability as a renowned global business based on balanced organic growth along with investment to the existing core businesses and M&A.
2010Acquired Buy The Way
Acquired UK’s Artenius PTA/PET
Acquired GS Retail stores and discount supermarkets
Acquired EB Card
Acquired Malaysia’s Titan Chemical (now LOTTE Chemical Titan)
Acquired China's LuckyPa
Acquired Philippines’ Pepsi(PCPPI)
Acquired Pasteur Dairy Company
Acquired Hyundai Information Technology
2012Acquired Hi Mart (now LOTTE Hi Mart)
2013Acquired Kazakhstan’s Rakhat
2015Established LOTTE Members
Acquired U.S’s The New York Palace Hotel
Acquired KT Rental (now LOTTE Rental)
2016Acquired Samsung Fine Chemicals, Samsung BP Chemicals
(now LOTTE Fine Chemicals, LOTTE BP)
2017Celebrated the 50th Anniversary of LOTTE Group
Grading opening of LOTTE World Tower
Launched LOTTE Corp.