이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
Lotte Group chief highlights focus on four growth engines
- Collected
- 2024.01.31
- Distributed
- 2024.02.01
- Source
- Go Direct
Lotte Group Chairman Shin Dong-bin
“We had previously expanded our businesses through listings and mergers and acquisitions,” Lotte Group Chairman Shin Dong-bin said, in an interview with Japanese newspaper Yomiuri Shimbun. “We are now changing course.”
Shin noted how the conglomerate acquired about 60 companies but now it is on course to divest some of them.
“I believe that selling off long-struggling businesses under our umbrella to other operators will be better for the employees as well,” Shin told the newspaper.
The chief also spoke about the group’s new focus areas.
“We are exploring new business opportunities across four growth sectors,” he said, mentioning bio-technology, metaverse, hydrogen energy, and secondary battery materials.
Last year, Lotte Group sold its Japanese fast food chain Lotteria to local restaurant giant Zensho Holdings Co.
It has been concentrating on nurturing new growth engines, centered around Lotte Biologics Co., Lotte Healthcare Co., and Lotte Data Communication Co. Shin Yoo-yeol, the chairman’s eldest son, assumed his position as the head of the future strategy office at Lotte Corp. last year, tasked with identifying the group’s future growth drivers.
By Choi Jae-won and Chang Iou-chung
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]