South Korean retail giant and the nation's fifth-largest conglomerate Lotte Group is reportedly resorting to liquidating billions of won in assets as it grapples with flagging performance posted across its major subsidiaries. According to the Financial Supervisory Service's electronic disclosure board, Lotte Holdings reported 211.7 billion won ($157 million) in operating profits in the January-June period t.
South Korean retail giant and the nation's fifth-largest conglomerate Lotte Group is reportedly resorting to liquidating billions of won in assets as it grapples with flagging performance posted across its major subsidiaries. According to the Financial Supervisory Service's electronic disclosure board, Lotte Holdings reported 211.7 billion won ($157 million) in operating profits in the January-June period t.
Legoland Korea Resort has decided to recall unicorn caps sold at its theme park after discovering they contain excessive amounts of harmful chemicals, the company said Wednesday. According to the safety inspection on children s products conducted by the Korea Agency for Technology and Standards, affiliated with the Ministry of Trade, Industry and Energy, 1.4 times more than the standard (100 milligrams per kilograms) of nonylphenol was found in unicorn hats.
The 2023 World Scout Jamboree has been plagued by problems, leading to the withdrawal of British and American contingents beginning just four days into the event.
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