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Lotte (conglomerate)
Lotte Co., Ltd. () is a multinational food, chemicals and shopping corporation with headquarters in South Korea and Japan. Lotte was first established in June 1948 in Tokyo, by Takeo Shigemitsu (also known as Shin Kyuk-ho). With the money he earned in Japan, Shin expanded to his home country, South Korea with the establishment of Lotte Confectionery in Seoul on April 3, 1967. Lotte eventually grew to become South Korea's eighth largest business conglomerate.
Lotte Group consists of over 60 business units employing 60,000 people engaged in such diverse industries as candy manufacturing, beverages, hotels, fast food, retail, financial services, heavy chemicals, electronics, IT, construction, publishing, and entertainment. Lotte's major operations are overseen by Shin's family in Japan and South Korea, with additional businesses in China, Thailand, Malaysia, Indonesia, Vietnam, India, USA, UK, Russia, Philippines, Pakistan and Poland (Lotte bought Poland's largest candy company Wedel from Kraft Foods in June 2010). Today, Lotte is the largest confectionery manufacturer in South Korea, and is the third largest in Japan behind Meiji Seika and Ezaki Glico in terms of sales revenue when only the sales of Lotte's confectioneries are counted.
== History ==
Lotte's first company was founded in June 1948 in Tokyo, by Shin Kyuk-ho, two years after he graduated from Waseda Jitsugyo high School (). 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.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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