Lotte Shopping


Lotte Shopping Co., Ltd., 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. It is also engaged in the film industry by holding the majority of its stake in Lotte Cultureworks.

Businesses

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. 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. 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.
Lotte Shopping also runs its retail business in the Southeast Asian market, including Vietnam and Indonesia. Lotte Shopping once operated five department stores and 99 discount stores in the mainland China market. However, after South Korea deployed Terminal [High Altitude Area Defense|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.