[WORLDKINGS] The famous shopping centers and supermarkets in the world – P17 – Lotte mart (South Korea) : The most famous hypermarket in South Korea


(WorldKings.org) Lotte Mart is a South Korean hypermarket that sells a variety of groceries, clothing, toys, electronics, and other goods, with headquarters in South Korea.



Lotte Mart is a division of the Lotte Co., Ltd. which sells food and shopping services in South Korea and Japan.

Lotte Corporation is a South Korean multinational conglomerate. 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.



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. Today, Lotte is the largest confectionery manufacturer in South Korea.

Lotte Mart, part of the Korean conglomerate "Lotte", opened its first branch at Guui-dong, GangByeon, Seoul, Korea on April 1, 1998. In 2006, Lotte Mart opened its first overseas branch.



In December 2007, Lotte Mart bought out Makro, an established supermarket chain from the Netherlands. By purchasing Makro, Lotte Mart was able to gain access to the Chinese market. This was the first time Korean retail had entered the Chinese market. There are now 82 branches of Lotte Mart in China.

Continuing their expansion plans, in October 2008, Lotte bought PT Makro Indonesia. PT Makro Indonesia ran 19 stores in Indonesia. This was also the first time Korean retail had entered the Indonesian market. As of 2019 there are 50 stores in Indonesia.



As of August 8, 2011, Lotte Mart had 199 branches (92 branches in Korea, 82 branches in China, 23 branches in Indonesia, and 13 branches in Vietnam). The brands that Lotte created and sell include Herbon, Wiselect, Withone, Basicicon, Tasse Tasse, and Gerard Darel.

According to en.wikipedia


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