Lotte Shopping Co., Ltd. (Korean: 롯데쇼핑 주식회사), a distribution unit of Lotte Group, is a multinational retailer headquartered in Seoul, South Korea. Founded in 1979, Lotte Shopping operates various retail stores, including department stores, outlet stores, hypermarkets, drug store chains, and e-commerce.[1][2] It is also engaged in the film industry by holding the majority of its stake in Lotte Cultureworks.[3][4]
Native name | 롯데쇼핑 주식회사 |
---|---|
Company type | Public |
KRX: 023530 | |
Industry | Retail |
Founded | 1979 |
Headquarters | , South Korea |
Parent | Lotte Corporation |
Divisions | Lotte Department Store Lotte Mart |
Subsidiaries | Lotte Cultureworks Lotte Hi-Mart |
Website | www.lotteshoppingir.com |
Lotte Shopping's primary business divisions and subsidiaries include:
Business divisions
Subsidiaries
Lotte Shopping operates Korea's largest department store chain and the second-largest hypermarket chain in Korea.[5] Lotte runs a home appliance retailer by acquiring Hi-Mart for 1.25 trillion won in 2012. Hi-Mart was the nation's top consumer electronics retailer, with 314 stores.[6] Lotte Shopping also had the multiplex cinema chain Lotte Cinema under its wing but decided to spin off the cinema business department as a subsidiary, Lotte Cultureworks, in 2018.[7]
Lotte Shopping also runs its retail business in the Southeast Asian market, including Vietnam and Indonesia.[8] Lotte Shopping once operated five department stores and 99 discount stores in the mainland China market. However, after South Korea deployed THAAD in a golf course owned by the Lotte Group, the company withdrew its retail business from China as it failed to recover from a boycott campaign.[9][10][11]