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Retail Asia24/06/2016

South Korea’s Lotte Group has come under suspicion of using a shell company that owns a mega mall in Vietnam to funnel money into a possible slush fund. Luxembourg-incorporated Coralis SA, the company in question, developed Lotte Center Hanoi at a cost of around US$400 million. The 65-story shopping and leisure complex was opened in […]

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Retail Asia06/11/2015

One in four unlisted affiliates of South Korea’s retail giant Lotte Group are found to meet requirements for a stock market debut, data showed Wednesday. The conglomerate has pledged to simplify its governance structure and boost its managerial transparency through a set of measures, including initial public offerings (IPOs), after a bitter family feud over […]

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Retail Asia21/09/2015

Sign up and we notify you about new features and Add-Ons By Kim Eun-jung SEOUL, Sept. 17 (Yonhap) — The chief of South Korean retail giant Lotte Group pledged Thursday to untangle a cobweb of cross-shareholding among its affiliates and speed up the listing process of its hotel unit. Testifying before a parliamentary committee, Shin […]

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