R Lotte Hotel
A stately and historic landmark in Midtown Manhattan, Lotte New York Palace has long reigned as New York City’s most iconic and instantly recognizable hotel. A peerless address for business, a glamorous setting for society weddings, and a treasured retreat for family holidays, Lotte New York Palace is woven into the fabric of New York City. 0:10: Wherever you are in the world, 0:12: LOTTE is always close to you. 0:16: LOTTE will be with you throughout the world 0:19: until the name LOTTE is synonymous with friendship. LOTTE HOTEL WORLD LOTTE HOTEL WORLD is a resort-style business hotel located in Jamsil in Gangnam, Seoul with convenient and easy access to downtown. The hotel is near LOTTE World Adventure, one of the world's largest indoor theme parks, and connected directly to LOTTE World Mall. This hotel exceeded my expectations in every way, the staff was so polite and was so helpful with everything. The club lounge was amazing food was amazing, there is a 7 eleven in the hotel also on level 2, the hotel is right next to Lotte World and connected to subway and department stores, next to Seoul Sky tower location was fantastic. Located between the Old Town and the New Business District, Lotte Hotel Hanoi connects and combines the rich history and the promising future of Hanoi. Situated on the upper part of the magnificent 65-floor building, Lotte Hotel Hanoi proudly represents new standard of international 5-star hotels.
| |
| Type | Public |
|---|---|
| KRX: 004990 | |
| Industry | Conglomerate |
| Predecessor | Lotte Confectionery |
| Founded | March 24, 1967; 53 years ago |
| Founder | Shin Kyuk-ho |
| Headquarters | Songpa District, , |
Areas served | Worldwide |
| |
| Services | |
| Revenue | ₩88,562 million[1] (2019) |
| ₩1,749 million[1] (2019) | |
| ₩-4,116 million[1] (2019) | |
| Total assets | ₩156,058 million[1] (2019) |
| Total equity | ₩77,925 million[1] (2019) |
| Website | www.lotte.co.kr |
| Lotte Corporation | |||||||
| Korean name | |||||||
|---|---|---|---|---|---|---|---|
| Hangul | 롯데 그룹 | ||||||
| |||||||
| Japanese name | |||||||
| Japanese | ロッテグループ | ||||||
Lotte Corporation (Korean: 롯데 그룹lotte geurup) is a South Korean multinationalconglomerate. Lotte began its history on June 28, 1948, by Korean businessman Shin Kyuk-ho in Tokyo. Shin expanded Lotte to his ancestral country, South Korea, with the establishment of Lotte Confectionery in Seoul on April 3, 1967. Lotte eventually grew to become South Korea's fifth largest business conglomerate.[2]
Lotte Corporation consists of over 90 business units employing 60,000 people engaged in such diverse industries as candy manufacturing, beverages, hotels, fast food, retail, financial services, industrial chemicals, electronics, IT, construction, publishing, and entertainment.[citation needed] Lotte runs additional businesses in China, Thailand, Malaysia, Indonesia, Vietnam, India, United States, United Kingdom, Kazakhstan, Russia, Philippines, Myanmar, Pakistan and Poland (Lotte bought Poland's largest candy company Wedel from Kraft Foods in June 2010), Australia and New Zealand (Lotte successfully bought 4 duty free stores in Australia and 1 in New Zealand from JR/Group in 2019). Today, Lotte is the largest confectionery manufacturer in South Korea.[citation needed]
History[edit]
Lotte was founded in June 1948, by Korean businessman Shin Kyuk-ho in Tokyo, Japan, two years after he graduated from Waseda Jitsugyo High School (早稲田実業学校). Originally called Lotte Co., Ltd, the company has grown from selling chewing gum to children in post-war Japan to becoming a major multinational corporation.
Name[edit]
The source of the company's name is neither Korean nor Japanese, or even Chinese, but German. Shin Kyuk-ho was impressed with Johann Wolfgang von Goethe's The Sorrows of Young Werther (1774) and named his newly founded company Lotte after the character Charlotte[3][4] in the novel ('Charlotte' is also the name of a new brand of deluxe movie theatres run by Lotte). Lotte's current marketingslogan in Japan is 'The sweetheart of your mouth, Lotte' (お口の恋人,ロッテ, Okuchi no koibito, Rotte).
Management[edit]
Lotte Corporation – Lotte group's world headquarters – are located in Myeongdong, Seoul and Lotte Holdings Co., Ltd. in Shinjuku, Tokyo. It is controlled by the founder Shin Kyuk-Ho's extended family.
Business[edit]
Lotte group's major businesses are food products, shopping, finance, construction, amusement parks, hotels, trade, oil and sports.
- Food Products: Lotte Confectionery, Lotte Chilsung, Lotte Foods, Lotteria, E Wedel, Lotte Food, Angel-in-us, Lotte Cool, Lotte Fresh Delica, Lotte Shopping Food Division, Lotte Kolson (Pakistan)
- Shopping: Lotte Duty Free,[5] Lotte Shopping,[6]Lotte Mart, Lotte Department Store, Lotte-Assi Plaza[7]
- Entertainment: Lotte Cinema, Lotte Entertainment (investment and distribution of domestic and international films)
- Finance: Lotte Card, Lotte Capital
- Housing: Lotte Castle High Rise Apartment Complex
- Amusement parks: Lotte Cinema, Lotte World in Seoul, one of the world's largest indoor theme parks.
- Hotels: Lotte Super Tower 123, skyscraper in Seoul, South Korea, 2014 and Busan Lotte Tower skyscraper in Busan, South Korea, 2013, Lotte City Hotel in Daejeon, Lotte New York Palace in New York City
- Trade: Lotte International[8]
- IT / Electronics: Korea Fuji Film, Lotte Canon, Lotte IT, Lotte.com, Mobidomi
- Heavy chemicals / construction / machinery: Honam Petrochemical,[9] KP Chemical,[10] Lotte Engineering & Construction, Lotte Engineering & Machinery, Lotte Aluminum
- Car rental: Lotte rent-a-car [11]
- Transport service: Andi Mack-Lotte Transport Corporation (tourist transport service in partnership with Andi Mack)
Sports[edit]
Lotte also owns professional baseball teams
- Chiba Lotte Marines in Japan (1971–present)
- Lotte Giants in Busan, South Korea (1982–present).
Lotte R&D Center[edit]
- Korea R&D Center : 201, Magokjungang-ro, Gangseo-gu Seoul, South Korea
- Japan R&D Center : Saitama, Saitama Prefecture, Japan
Corruption scandal[edit]
In June 2016, companies of the group were raided by South Korean prosecutors, investigating into a possible slush fund as well as breach of trust involving transactions among the group's companies.[12] The investigation forced its Hotel Lotte unit to abandon an initial public offering and Lotte Chemical Corp to withdraw from bidding for Axiall Corp.[12] Vice chairman, Lee In-won, was found dead in August same year. He was suspected of suicide just hours before being questioned by prosecutors.[12] Lee was considered the top lieutenant of Chairman Shin Dong-bin.[12]
See also[edit]
- Shin Dong-bin, also known as Akio Shigemitsu
References[edit]
- ^ abcde'Lotte Corporation Financial Statement'. Retrieved January 10, 2021.
- ^'Chaebol rankings seesaw over 2 decades'. Yonhap News Agency. Retrieved 2017-12-19.
- ^www.lottehotel.com. 'Lotte Hotel Seoul - Hotel Facilities, Fitness, Spa, Conference room'. www.lottehotel.com. Retrieved 19 August 2017.
- ^'Korean Chaebols: Lotte. The Origin of the Lotte Name'. Retrieved 20 April 2014.
- ^Chevalier, Michel (2012). Luxury Brand Management. Singapore: John Wiley & Sons. ISBN978-1-118-17176-9.
- ^'Lotteshopping.com'. Archived from the original on 27 February 2012. Retrieved 19 August 2017.
- ^'About Us: Korean Market in Maryland & Virginia'.
- ^'LOTTE TRADING'. www.lotteintl.com. Retrieved 19 August 2017.
- ^'LOTTE CHEMICAL'. english.hpc.co.kr. Retrieved 19 August 2017.
- ^'KPchem.co.kr'. Retrieved 19 August 2017.
- ^'lotterentacar.net'. Retrieved 19 August 2017.
- ^ abcdJin, Hyunjoo; Lee, Se Young (August 26, 2016). 'Lotte vice chairman found dead amid probe; suicide suspected'. Reuters. Retrieved 26 August 2016.
R Lotte Hotel Paris
External links[edit]
- Official website (Korean)
- Official website (English)
LOTTE Hotel opened the chain’s 12th international hotel and third in the U.S. in Seattle on Sept. 24. Following the successful opening of LOTTE New York Palace, LOTTE Hotel Seattle has set out to become a top-echelon hotel in the U.S.
LOTTE Hotels & Resorts, whose global expansion marks its 10th year since the opening of LOTTE Hotel Moscow in September 2010, now operates 12 international chain hotels in seven countries, including the United States, Vietnam, and Russia. This demonstrates the company has pushed for aggressive global expansion, opening at least one international chain hotel each year.
LOTTE Hotel made joint investment with Hana Financial Investment to acquire LOTTE Hotel Seattle in December last year. The Seattle hotel is the fourth international chain hotel LOTTE was entrusted to operate, after LOTTE City Hotel Tashkent Palace, LOTTE Hotel Yangon and LOTTE Hotel Samara.
Located on Fifth Ave., LOTTE Hotel Seattle has a total of 189 rooms (including 33 suites) on the first to 16th floor of its 44-story building. Guest rooms feature creative and modern designs inspired by Seattle’s natural landscape and offer a lively and bright atmosphere. Guests can enjoy a view of both the ocean and dynamic cityscape of Seattle from the entire glass window wall in their room.
There are 15 meeting rooms and banquet halls for every occasion. The Sanctuary Grand Ballroom has been renovated with a beautiful stained-glass interior space decorated with antiques and thousands of organ pipes. The Sanctuary is America’s first United Methodist Church.
R Lotte Hotel Seoul
David H.S Kim, CEO of LOTTE Hotel said, “We will further enhance the reputation of our Korean hotel brand by working with pride as a representative hotel brand of Korea and extending Korean-style services that impress the guest.”
Some of those services include mobile check-in, welcome drink, fragrance service and valet service where a full interior detail is available for guests’ vehicles.
R Lotte Hotel Nyc
LOTTE Hotel Seattle’s Spa offers a comfortable and leisurely break and is home to the first-class spa brand Biologique Recherch, found in Four Seasons, Peninsula and Mandarin Oriental chains.