Lotte Group will realign its business portfolio to focus on four major new growth engines - bio technology, metaverse, hydrogen energy and secondary batteries - and take preemptive steps to sell its non-core businesses to maximize management efficiency, Chairman Shin Dong-bin said.
Hybe, the K-pop powerhouse behind the mega success of bands such as BTS and New Jeans, could be obliged to disclose its corporate information if the total assets of the firm and its affiliates continue to surpass 5 trillion won ($3.7 billion) by the end of this year. The combined total assets of Hybe and its 16 affiliates stood at 5.37 trillion won as of end-June, a report by corporate data research institute CEO Sco.
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