Lotte Group Chairman Shin Dong-bin promised to fully support Busan s bid to host the World Expo in 2030, during his visit to the KLPGA Lotte Open golf tournament held in Incheon, Saturday, company officials said Monday.
A total of 122 Korean business leaders, including the heads of major business groups, are accompanying President Yoon Suk Yeol on his state visit to the United States hoping to find better business opportunities in the world s largest economy, according to industry officials, Monday. Topping their agenda is the Inflation Reduction Act (IRA), the CHIPS and Science Act and other regulations enacted by the Biden administration as the U.S. has been trying to restructure global supply chains by excluding China, which is Korea s largest trading partner.
Lotte signed a memorandum of understanding (MOU) with Busan Metropolitan City to help the city win its bid to host the World Expo 2030 in Busan, according to the company, Wednesday. Lotte will use its infrastructure to support preparations for on-site due diligence by the Bureau International des Expositions (BIE), which is scheduled for April 3 to 7.
Major retailers are eager to grow their wine businesses by purchasing overseas wineries, gaining price competitiveness and expanding overseas distribution networks, according to industry officials, Wednesday. According to Euromonitor, the size of the domestic wine market is estimated to have grown by 50 percent compared to 2020 to 1.5 trillion won ($1.19 billion) in 2021, and to 2 trillion won last year.
Lotte Chairman Shin Dong-bin informed President Phuc on a number of Lotte’s projects earmarked for Hanoi, including a shopping centre expected to attract some 10 million visitors annually.