MIRA
INFORM REPORT
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Report Date : |
16.07.2007 |
IDENTIFICATION DETAILS
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Name : |
LOTTE SHOPPING CO., LTD. |
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Registered Office : |
1, Sogong-dong, Jung-gu, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
07.02.1970 |
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Legal Form : |
Listed Company |
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Line of Business : |
Department Store, Retailing Service |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Basic
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Company Name |
LOTTE SHOPPING CO., LTD. |
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Registered Address |
1, Sogong-dong, Jung-gu, |
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Zip Code |
100-721 |
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Tel |
+82-2-771-2500 |
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Fax |
+82-2-752-6471 |
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Website |
www.lotteshopping.com |
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Trading Address |
1, Sogong-dong, Jung-gu, |
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Tel |
+82-2-771-2500 |
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Fax |
+82-2-752-6471 |
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Jamsil Branch |
40-1, Jamsil-Dong, Songpa-Gu, |
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Tel |
+82-2-411-2500 |
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Branch |
1485, Seongjeong 2-dong, Cheonan-si, |
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Tel |
+82-41-553-2500 |
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Fax |
+82-41-553-2500 |
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Branch |
16-2, Jeongja 2-dong, Jangan-gu, Suwon-si, |
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Tel |
+82-31-241-5800 |
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Fax |
+82-31-241-5815 |
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Branch |
229, Geumcheon-dong, Sangdang-gu, Cheongju-si, |
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Tel |
+82-43-250-3111 |
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Fax |
+82-43-250-3119 |
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Branch |
300, Daecheong-ri, Jangyu-myeon, Gimhae-si, |
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Tel |
+82-55-311-2500 |
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Branch |
352, Songnae 1-dong, Sosa-gu, Bucheon-si, |
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Tel |
+82-32-614-3111 |
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Fax |
+82-32-614-3992 |
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Branch |
609-1B, 628, Seonggok-dong, Danwon-gu, Ansan-si, |
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Tel |
+82-31-494-4347 |
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Fax |
+82-31-494-4371 |
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Branch |
7th Fl., Lotte Department Store, 971, Seosin-dong, Wansan-gu,
Jeonju-si, |
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Tel |
+82-1544-8855 |
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Branch |
88-1, |
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Tel |
+82-31-463-2500 |
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Fax |
+82-31-463-2810 |
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Branch |
900 |
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Tel |
+82-31-464-5600 |
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Fax |
+82-31-464-5604 |
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Branch |
932, Dongchun 2-dong, Yeonsu-gu, |
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Tel |
+82-32-815-8114 |
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Fax |
+82-32-816-6114 |
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Branch |
B1, Ma Complex, 240, Cheolsan 3-dong, Gwangmyeong-si, |
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Tel |
+82-2-2687-8792 |
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Fax |
+82-2-2687-8793 |
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Ansan Factory |
628, Seonggok-dong, Danwon-gu, Ansan-si, |
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Type |
Export |
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Industry |
Department Stores |
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Main Business |
Department Store, Retailing Service |
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Established (mm/dd/yyyy) |
07/02/1970 |
The Subject owns the premises of the registered HQ address.
Detailed Products
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Activity |
Detailed Products (UNSPSC) |
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Sell |
Distribution(80141700) |
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Sell |
Department Stores |
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Sell |
Discount Stores |
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Sell |
Super Markets |
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Sell |
Theaters |
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Sell |
Fashion |
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Sell |
Foods |
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Sell |
Shopping Malls |
CEO’s
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Name |
Shin Kyuck-Ho |
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Date of Birth |
10/04/1922 |
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Title |
Chairman & CEO |
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Sex |
Male |
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Nationality |
Korean |
Profiles
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Capital |
145,216,870,000 KRW |
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Employees |
8,404 |
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Formation |
Listed Company ( Listed Company ( A Company of LOTTE Business Group |
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Bank Details |
Chohung Bank-Bando Branch Kookmin Bank Woori Bank Shinhan Bank |
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Corporate Registered No. |
110111-0000086 |
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Business Registered No. |
104-81-26067 |
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Permit & Licenses |
Int’l Trade No.: 831499 |
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Shareholder Position |
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Company History |
07/02/1970 Company Establishment as Hyung Woo Silup Co., Ltd. 11/15/1979 Changed company name to Lotte Department Store 12/17/1979 Main Store (Store No. 1) opened 02/10/1980 06/25/1980 First edition of quarterly Lotte Shopping published 07/12/1980 Monitor system introduced 02/04/1982 Business coalition with Takashima Department Store ( 09/17/1983 Kimpo Airport Branch opened 10/10/1983 Business coalition agreement entered into with Taejon Dongyang Department Store 10/07/1985 Designated as an official Department Store for the 07/02/1970 Company Establishment 11/15/1979 Changed company name to Lotte Department Store 12/17/1979 Main Store (Store No. 1) opened 02/10/1980 06/25/1980 First edition of quarterly Lotte Shopping published 07/12/1980 Monitor system introduced 02/04/1982 Business coalition with Takashima Department Store ( 09/17/1983 Kimpo Airport Branch opened 10/10/1983 Business coalition agreement entered into with Taejon Dongyang Department Store 10/07/1985 Designated as an official Department Store for the "86 Asian Games and he 88 Olympic Games 10/11/1985 Korean Tiger Exhibition 10/29/1985 Business coalition agreement entered into with 01/28/1988 Main Store expanded (New Store opened) 11/12/1988 Chamsil store (Store No. 2) opened inside Lotte World 06/01/1990 "Retailer-type POS" started operation for the first time in the nation 05/04/1991 Yongdungpo privatized station Department Store opened 05/28/1991 Korean Commodity Exhibition held in 1992-01-00 Recorded sales of 1 trillion won for the first time in the distribution business history 12/26/1993 CVS No. 1 (Lotte Mart Sadang store) opened 03/18/1994 Lotte Chongnyangni store (Store No. 4) opened 04/06/1994 Lotte Department Store gift certificates issued 06/06/1994 Officially joined Intercontinental Group of Department Stores (IGDS) 09/01/1994 Retail VAN (Value-added network) began full operation 10/13/1995 1st KMA (Korea Management Association) retail management grand prix awarded 12/08/1995 Busan store (Store No. 5) opened 1996-01-00 Debit card system started for the first time in the industry 01/20/1996 "10 billion won sales tower" awarded to vendor for the first time in the distribution industry 03/20/1996 Internet Home Page opened 10/23/1996 "The 7th IGDS Asian Summit" hosted 10/31/1996 1st Maegyong distribution grand prix awarded 11/06/1996 Awarded manpower development grand prix and best enterprise prize by KMA 11/18/1996 10/31/1997 Gwanak store (Store No. 6) opened 1998-07-00 Cool Plus Card (Mileage point cards for youth) issued 08/21/1998 Lotte Magnet world store (Discount Store No. 2) opened 08/21/1998 Lotte Magnet world store No.2 converted into a discound store 09/18/1998 Gwangju store (Store No. 7) opened 10/27/1998 Customer satisfaction index selected by KMA in the 1998 Retailer sectors 12/10/1998 Nominated as the "Hit Product of the Year in 1998" by Naewai Economic Daily 1999-03-00 Selected as the best enterprise in the Department Store division at the "First Korean Industry Brand Power Investigation 04/01/1999 Bundang store (Store No. 8) opened 08/27/1999 Bupyeong store (Store No. 9) opened 10/15/1999 Ilsan store (Store No. 10) opened 03/17/2000 Daejeon store (Store No. 11) opened 06/16/2000 Gangnam store (Store No. 12) opened 12/08/2000 08/24/2001 11/02/2001 Dongrae Store(Store No.15) Opened 07/02/1970 Company Establishment 11/15/1979 Changed company name to Lotte Department Store 12/17/1979 Main Store (Store No. 1) opened 02/10/1980 06/25/1980 First edition of quarterly Lotte Shopping published 07/12/1980 Monitor system introduced 02/04/1982 Business coalition with Takashima Department Store ( 09/17/1983 Kimpo Airport Branch opened 10/10/1983 Business coalition agreement entered into with Taejon Dongyang Department Store 10/07/1985 Designated as an official Department Store for the "86 Asian Games and the 88 Olympic Games 10/11/1985 Korean Tiger Exhibition 10/29/1985 Business coalition agreement entered into with 01/28/1988 Main Store expanded (New Store opened) 11/12/1988 Chamsil store (Store No. 2) opened inside Lotte World 06/01/1990 "Retailer-type POS" started operation for the first time in the nation 05/04/1991 Yongdungpo privatized station Department Store opened 05/28/1991 Korean Commodity Exhibition held in 1992-01-00 Recorded sales of 1 trillion won for the first time in the distribution business history 12/26/1993 CVS No. 1 (Lotte Mart Sadang store) opened 03/18/1994 Lotte Chongnyangni store (Store No. 4) opened 04/06/1994 Lotte Department Store gift certificates issued 06/06/1994 Officially joined Intercontinental Group of Department Stores (IGDS) 09/01/1994 Retail VAN (Value-added network) began full operation 10/13/1995 1st KMA (Korea Management Association) retail management grand prix awarded 12/08/1995 Busan store (Store No. 5) opened 1996-01-00 Debit card system started for the first time in the industry 01/20/1996 "10 billion won sales tower" awarded to vendor for the first time in the distribution industry 03/20/1996 Internet Home Page opened 10/23/1996 "The 7th IGDS Asian Summit" hosted 10/31/1996 1st Maegyong distribution grand prix awarded 11/06/1996 Awarded manpower development grand prix and best enterprise prize by KMA 11/18/1996 10/31/1997 Gwanak store (Store No. 6) opened 1998-07-00 Cool Plus Card (Mileage point cards for youth) issued 08/21/1998 Lotte Magnet world store (Discount Store No. 2) opened 08/21/1998 Lotte Magnet world store No.2 converted into a discound store 09/18/1998 Gwangju store (Store No. 7) opened 10/27/1998 Customer satisfaction index selected by KMA in the 1998 Retailer sectors 12/10/1998 Nominated as the "Hit Product of the Year in 1998" by Naewai Economic Daily 1999-03-00 Selected as the best enterprise in the Department Store division at the "First Korean Industry Brand Power Investigation 04/01/1999 Bundang store (Store No. 8) opened 08/27/1999 Bupyeong store (Store No. 9) opened 10/15/1999 Ilsan store (Store No. 10) opened 03/17/2000 Daejeon store (Store No. 11) opened 06/16/2000 Gangnam store (Store No. 12) opened 12/08/2000 08/24/2001 11/02/2001 Dongrae Store(Store No.15) Opened 12/28/2001 Chungju Magnet (Discount Store No.24) Opened 05/10/2002 Anyang Store opened 08/23/2002 Incheon Store opened 09/09/2002 Nowon Store opened 12/2002 The 7 th Korea Retail Award, Presidential Prize conferred 02/27/2003 Daegu Store opened 10/2003 Ranked top among retailers at National Brand Competitiveness Index 11/18/2003 Lotte Young Plaza/Myungdong opened 12/2003 Ranked top among retailers at National Customer Satisfaction Index/ Korea Safety Award, Presidential Prize conferred 02/20/2004 Sangin Store opened 03/2004 Ranked top among retailers at Brand Power by KMA (for 6 consecutive years) 04/29/2004 Lotte Department Store's Environment and Value-oriented Management declared 05/28/2004 Jeonju Store opened 09/2004 Ranked top among retailers at Brand Star Grand Prize 03/2005 Ranked top among retailers at Brand Power by KMA (for 7 consecutive years) 03/25/2005 AVENUEL store opened 06/2005 Ranked top among retailers at Brand Star Grand Prize(for 6 consecutive years) 11/2005 Ranked top among retailers at National Brand Competitiveness Index(for 3 consecutive years) 11/2005 Lotte Member's Card launched 12/2005 Ranked top among retailers at National Customer Satisfaction Index/ Korea Safety Award, Presidential Prize conferred(for 3 consecutive years) 02/2006 Listed on Korean and 03/2006 Ranked top among retailers at Brand Power by KMA (for 8 consecutive years) 04/2006 Ranked top among retailers at Brand Star Grand Prize(for 7 consecutive years) 12/2006 Ranked top among retailers at National Customer Satisfaction Index/ Korea Safety Award, Presidential Prize conferred(for 4 consecutive years) 12/20/2006 Mia Store opened 03/16/2007 Acquired the operation of BIG MART CO., LTD. at 80,000,000,000 KRW |
The Subject Company is a Korea-based department store chain
operator. The Company operates its business mainly through two segments: department
stores and discount stores. Lotte department stores and Lotte discount stores
offer clothes, shoes, accessories, electric products and sports products. In
addition, the Company operates supermarkets, cinemas and shopping malls, as
well as global fashion and food business. As of December 31, 2006, the Company
had 23 department stores, 50 discount stores, 52 supermarkets and 36 cinemas in
Detailed Information
Management
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education |
|
Chairman & CEO |
Mr. |
Shin Kyuck-Ho |
Korean |
1922.10.04 |
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Vice Chairman & CEO |
Mr. |
Shin Dong-Bin |
Korean |
1955.02.14 |
MBA, |
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President & CEO |
Mr. |
Lee In-Won |
Korean |
1947.08.12 |
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President & CEO |
Dr. |
Lee Chul-Woo |
Korean |
1943.04.21 |
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Outside Director |
Mr. |
Oh Jung-Hwan |
Korean |
1942.09.20 |
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Outside Director |
Mr. |
Park Moo-Ik |
Korean |
1943.07.13 |
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Outside Director |
Dr. |
Kang Yoon-Ku |
Korean |
1950.10.05 |
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Outside Director |
Mr. |
Yoon Se-Ri |
Korean |
1953.11.20 |
Uni. Of |
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Outside Director |
Dr. |
Shon Sung-Kyu |
Korean |
1959.12.16 |
Northwestern University |
Financials Unit: KRW
|
Year |
Sales |
Assets |
Net income |
|
9,055,879,873,905 |
11,872,313,654,937 |
739,844,192,388 |
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2005 |
8,607,104,435,966 |
8,391,352,171,591 |
546,217,141,499 |
|
2004 |
7,627,916,620,904 |
7,621,234,001,058 |
302,481,306,482 |
|
2003 |
3,541,789,744,554 |
6,352,833,444,147 |
91,260,783,124 |
Financial Description Unit: KRW
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Authorized Capital |
300,000,000,000 |
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Paid-Up Capital |
145,216,870,000 |
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Total Issues Shares |
29,043,374 |
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Balance Sheet |
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Unit : Korean Won |
01/01/2007~03/31/2007 |
As of 12/31/2006 |
As of 12/31/2005 |
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Total Assets |
11,541,026,220,027 |
11,872,313,654,937 |
8,391,352,171,591 |
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Current Assets |
2,625,362,120,870 |
3,465,105,939,918 |
1,389,790,002,171 |
|
-Quick Assets |
1,642,846,351,127 |
2,518,969,352,060 |
601,251,031,381 |
|
-Inventories |
982,515,769,743 |
946,136,587,858 |
788,538,970,790 |
|
Fixed Assets |
8,915,664,099,157 |
8,407,207,715,019 |
7,001,562,169,420 |
|
-Investment |
2,113,156,451,473 |
1,761,995,540,117 |
1,221,103,547,897 |
|
-Tangibles |
6,164,967,674,508 |
6,111,108,455,560 |
5,342,581,727,974 |
|
-Intangibles |
89,658,343,744 |
35,591,775,817 |
36,847,297,063 |
|
-Others |
547,881,629,432 |
498,511,943,525 |
401,029,596,486 |
|
Total Liabilities |
3,883,296,761,747 |
4,356,460,897,639 |
5,155,498,191,240 |
|
Current Liabilities |
2,886,626,398,667 |
3,377,972,338,469 |
3,528,198,716,686 |
|
Fixed Liabilities |
996,670,363,080 |
978,488,559,170 |
1,627,299,474,554 |
|
Capital Stock |
145,216,870,000 |
145,216,870,000 |
100,000,000,000 |
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Capital Surplus |
4,650,895,427,744 |
4,650,895,427,744 |
1,146,678,050,020 |
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Profit Surplus |
2,771,483,873,511 |
2,635,392,368,362 |
1,907,007,308,977 |
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Capital Adjustment |
- |
- |
- |
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Total Equity |
7,657,729,458,280 |
7,515,852,757,298 |
3,235,853,980,351 |
|
Liab. & Shareholder’s Equity |
11,541,026,220,027 |
11,872,313,654,937 |
8,391,352,171,591 |
|
Current Liabilities |
2,886,626,398,667 |
3,377,972,338,469 |
3,528,198,716,686 |
|
Trade Payables |
1,468,489,316,198 |
1,548,170,191,676 |
1,374,908,347,007 |
|
Short-Term Borrowings |
252,096,160 |
544,477 |
584,031,410,874 |
|
Account Payables |
338,423,314,884 |
439,953,360,328 |
291,822,471,045 |
|
Advance Receipts |
18,070,509,247 |
18,461,683,692 |
21,786,811,239 |
|
Withholdings |
7,432,718,370 |
7,251,877,419 |
5,054,531,675 |
|
VAT Withholds |
33,311,628,109 |
38,317,363,409 |
27,948,794,168 |
|
Accrued Expenses |
97,695,562,108 |
116,666,984,483 |
115,818,360,686 |
|
Accrued Dividends |
36,304,217,500 |
- |
|
|
Accrued Income Tax |
170,849,566,328 |
124,296,321,351 |
103,583,143,899 |
|
Current Portion of Long-Term Debts |
65,821,000,000 |
65,072,000,000 |
|
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Current Portion of Debentures |
238,209,000,000 |
657,888,000,000 |
700,000,000,000 |
|
Merchandise Coupon |
347,458,242,811 |
301,325,538,013 |
271,176,462,596 |
|
Guarantee Deposit Income |
3,289,520,000 |
2,596,620,000 |
2,500,327,272 |
|
Provision for Mileage |
25,742,040,454 |
23,284,389,902 |
21,350,520,518 |
|
Current Portion of Derivatives |
24,442,274,009 |
25,375,382,198 |
|
|
Investment Withhold |
11,268,959,602 |
10,478,997,731 |
11,309,271,799 |
|
Fixed Liabilities |
996,670,363,080 |
978,488,559,170 |
1,627,299,474,554 |
|
Long-Term Borrowings |
|
|
70,910,000,000 |
|
Debentures |
550,000,000,000 |
550,000,000,000 |
1,210,390,000,000 |
|
Leasehold Deposit Received |
255,898,722,408 |
252,801,095,457 |
219,477,954,765 |
|
Provision for Severance & Retirement |
120,083,294,566 |
114,101,150,758 |
92,548,507,333 |
|
Non-Current Portion of Deferred Income Tax Credit |
139,900,104,995 |
131,942,250,722 |
82,131,888,179 |
|
Non-Current Portion of Derivatives |
|
|
16,395,880,244 |
|
Income Statement |
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|
Unit : Korean Won |
01/01/2007~03/31/2007 |
As of 12/31/2006 |
As of 12/31/2005 |
|
Sales |
2,357,399,351,320 |
9,055,879,873,905 |
8,607,104,435,966 |
|
Cost of Sold Goods |
1,660,077,510,334 |
6,383,540,148,506 |
6,189,256,190,022 |
|
Gross Profit |
697,321,840,986 |
2,672,339,725,399 |
2,417,848,245,944 |
|
Selling & Admin. Expenses |
513,774,975,159 |
1,922,967,510,566 |
1,729,028,284,642 |
|
Operating Income |
183,546,865,827 |
749,372,214,833 |
688,819,961,302 |
|
Non-Operating Income |
77,973,016,503 |
430,877,111,287 |
201,173,618,552 |
|
Non-Operating expenses |
29,639,941,902 |
194,306,534,059 |
161,214,872,337 |
|
Ordinary Income |
231,879,940,428 |
985,942,792,061 |
728,778,707,517 |
|
Special Income |
- |
- |
- |
|
Income Before Taxes |
231,879,940,428 |
985,942,792,061 |
728,778,707,517 |
|
Income Taxes Expenses |
59,484,217,779 |
246,098,599,673 |
182,561,566,018 |
|
Net Income |
172,395,722,649 |
739,844,192,388 |
546,217,141,499 |
|
Cash Flows |
|||
|
Unit : Korean Won |
01/01/2007~03/31/2007 |
As of 12/31/2006 |
As of 12/31/2005 |
|
Cash Flows from Operating |
108,011,236,446 |
1,086,723,989,725 |
710,216,665,371 |
|
-Net Income |
172,395,722,649 |
739,844,192,388 |
546,217,141,499 |
|
-Exp. without Cash Outflow |
89,707,441,925 |
390,183,498,615 |
289,150,080,074 |
|
-Revenue without Cash Inflows |
(-)47,859,501,001 |
(-)287,122,501,060 |
(-)176,819,782,822 |
|
-Changes in Asset/ & Liability |
(-)106,232,427,127 |
243,818,799,782 |
51,669,226,620 |
|
Cash Flows from Investing |
(-)168,572,541,826 |
(-)2,660,398,903,380 |
(-)729,264,121,753 |
|
-Cash Inflow from Investing |
1,350,993,240,382 |
2,640,994,393,792 |
670,144,946,011 |
|
-Cash Outflows for Investing |
(-)1,519,565,782,208 |
(-)5,301,393,297,172 |
(-)1,399,409,067,764 |
|
Cash Flows from Financing |
(-)416,650,821,366 |
2,283,726,522,019 |
26,444,423,275 |
|
-Cash Inflows from Financing |
13,003,120,637 |
3,661,516,338,095 |
10,655,783,192,708 |
|
-Cash Outflows from Financing |
(-)429,653,942,003 |
(-)1,377,789,816,076 |
(-)10,629,338,769,433 |
|
Increase/Decrease in Cash |
(-)477,212,126,746 |
710,051,608,364 |
7,396,966,893 |
|
Cash at the Beginning of Year |
747,585,585,518 |
37,533,977,154 |
30,137,010,261 |
|
Cash at the End of Year |
270,373,458,772 |
747,585,585,518 |
37,533,977,154 |
Products,Technologies,Services
Description
|
Main Products & Services |
The Subject has Department Stores Division, Discount Stores Division, Super Markets Division, Theaters Division and Shopping Malls Division, and also it has Fashion business division & Foods division. LOTTE DEPARTMENT STORES(23 Stores including 20 direct operating branches) LOTTE MART (52 Direct Operating Stores) LOTTE SUPER (53 Direct Operating Stores) LOTTE CINEMA (38 Theaters including 18 direct operating Theaters) KDD ( 17 Direct Operating Stores) Brand Name: AVENUEL, MAGNET |
Trade Partners
|
Customers |
|
|
Competitors |
Lotte Department Stores’ domestic market share (42.2%) Lotte Mart Discount Stores’ domestic market share (14.0%) Hyundai Department Store Shinsegae Department Store E-Mart Home Plus |
Related Parties
(Subsidiaries, Joint-Venture & Affiliates)
|
Subsidiary |
LOTTE Boulangerie Co., LTD (135511-0109807) (93.33% held by the subject company) LOTTE MIDOPA CO.,LTD (110111-0045983) (79.01% held by the subject company) LOTTE CARD Co.,ltd. (110111-0641434) (92.54% held by the subject company) |
Affiliates-Domestic(Total 44 companies including the below
companies.)
Lotte Ham & Milk Co., Ltd.
Address: 3Fl
Tel: 82-2-3479-5114 Fax: 82-2-3479-5108
Lotte Chilsung Beverage Co., Ltd.
Address: 1322-1, Seocho-Dong, Seocho-Ku,
Tel: 82-2-3479-9114 Fax: 82-2-535-8619
Lotte Confectionery Co., Ltd.
Address: 23, Yangpyeong-dong 4-ga, Yeongdeungpo-gu,
Tel: 82-2-2670-6114, FAX: 82-2-6672-6600
Lotte Samkang Co., Ltd.
Address: 21, Mullae-Dong 6-Ga, Yeongdeungpo-Ku,
Tel: 82-2-2629-0114 Fax: 82-2-2629-0293
Hotel Lotte Co., Ltd.
Address: 1, Sogong-Dong, Jung-Ku,
Tel: 82-2-771-1000 Fax: 82-2-773-4839
Lotte Engineering & Machinery Mfg. Co., Ltd.
Address: 104, Wonhyoro 1-Ga, Yongsan-Ku,
Tel: 82-2-3270-0500 Fax: 82-2-3270-0350
Daehong Communications Inc.
Address: 9fl Yonsei Severance BD 84-11 Namdaemunno 5-ga Jung-ku
Tel: 82-2-3671-6114 Fax: 82-2-3671-6784
Lotte Engineering & Construction Co., Ltd.
Address:
Tel: 82-2-3480-9114 Fax: 82-2-3480-9969
Lotte Trading Co., Ltd.
Address: 7 Fl., Aurora World BD, 997-2, Daechi 3-dong,
Gangnam-Ku,
Tel: 82-2-3459-9600 Fax: 82-2-565-0613
Lotte Industry Co., Ltd.
Address: Rm. 2405, Janggyo Bldg., 1, Janggyo-Dong, Jung-Ku,
Tel: 82-2-775-9571 Fax: 82-2-775-9570
Lotte-Asahi Liquor Co., Ltd.
Address: 1322-1,
Seocho 2-dong, Seocho-Gu,
Tel: 82-2-525-6263
Fax: 82-2-525-6454
Lotte Giants Co., Ltd.
Address: 930-1, Sajik 2-Dong, Dongnae-Ku, Busan 607-820
Tel: 82-51-505-7422 Fax: 82-51-505-7423
Lotteria Co., Ltd.
Address: 98-6, Garwol-Dong, Yongsan-Ku,
Tel: 82-2-709-1114 Fax: 82-2-709-1005
Honam Petro Chemical Corporation
Address: 11 Fl.,
Tel: 82-2-829-4114 Fax: 82-2-843-1010
Korea Fuji Film Co., Ltd.
Address: 505-19, Gasan-Dong, Geumcheon-Ku,
Tel: 82-2-3281-7700 Fax: 82-2-3281-4112
Lotte Canon Co., Ltd.
Address: Union Steel Bldg., 890, Daechi 4-Dong, Gangnam-Ku,
Tel: 82-2-3450-0700 Fax: 82-2-558-5002
Lotte Station Building Co., Ltd.
Address: 618-496, Yeongdeungpo-Dong, Yeongdeungpo-Ku,
Tel: 82-2-2670-8881~9 Fax: 82-2-2670-8890
Lotte Cold Storage Co., Ltd.
Address: 45, Yangpyeong-Dong 3-Ga, Yeongdeungpo-Ku,
Tel: 82-2-2675-9851~4 Fax: 82-2-2675-9928
Lotte Moolsan Co., Ltd.
Address: 29, Sincheon-Dong, Songpa-Ku,
Tel: 82-2-411-5101 Fax: 82-2-423-4643
Busan Lotte Hotel Co., Ltd.
Address: 503-15, Bujeon 2-Dong, Busanjin-Ku, Busan 614-847
Tel: 82-51-810-1000 Fax: 82-51-810-5609
Lotte Capital Co., Ltd.
Address: 14Fl. Seongdam BD 142-35, Samseong-dong, Gangnam-ku,
Tel: 82-2-566-7600 Fax: 82-2-566-8432
Lotte Data Communication Company
Address: 6 Fl.,
Tel: 82-2-2102-8800 Fax: 82-2-2102-8996
KP Chemical Corp.
Address: 427-3,
Tel: 82-52-278-3600 Fax: 82-52-272-3900
Lotte Card Co., Ltd.
Address: Dongyang Finance center 157 Samseong-dong Gangnam-ku
Tel: 82-2-2050-2212 Fax: 82-2-2050-2240
Lotte.Com Inc.
Address: 8 Fl., Sampung Bldg., 310-68, Euljiro 4-Ga, Jung-Ku,
Tel: 82-2-3668-8500 Fax: 82-2-3668-8604
Lotte Logistics Co., Ltd.
Address: 83-2, Cheongpadong 3-Ga, Yongsan-Ku,
Tel: 82-2-711-7028 Fax: 82-2-711-7514
Korea Seven Co., Ltd.
Address: Wonbong Bldg., 48-22, Suyu 1-Dong, Gangbuk-Ku,
Tel: 82-1577-0711 Fax: 82-2-764-8003
Lotte Fresh Delica Co., Ltd.
Address: 55-5, Sangha-Dong, Giheung-Ku, Yongin-Si, Gyeongi-Do
446-914
Tel: 82-31-281-5751 Fax: 82-31-281-5755
Lotte Boulangerie Co., Ltd.
Address: 1282-11, Jeongwang 1-Dong, Siheung-Si, Gyeonggi-Do
429-850
Tel: 82-2-2675-8131 Fax: 82-2-2675-8122
LOTTE ALUMINIUM CO., LTD.
Address: 1005,
Doksan 1-dong, Geumcheon-gu,
Tel: 82-2-801-8000
Fax: 82-2-801-8109
Foodstar Inc.
Address: 1059-16, Namhyeon-Dong, Gwanak-Ku,
Tel: 82-2-580-8114 Fax: 82-2-525-0145
Lotte Midopa Co., Ltd.
Address: 713, Sanggye 2-Dong, Nowon-Ku,
Tel: 82-2-950-2500 Fax: 82-2-950-2031
Seetec Co., Ltd.
Address: 679, Daejuk-Ri, Daesan-Eup, Seosan-Si, Chungnam-Do
356-874
Tel: 82-41-689-8114 Fax: 82-41-666-1678
Daeha Co., Ltd.
Address: 536-9, Segyo-Dong, Pyeongtaek-Si, Gyeonggi-Do 450-818
Tel: 82-31-657-3366 Fax: 82-31-657-3368
KP Chemtech Corp.
Address: 427-5,
Tel: 82-52-278-3900 Fax: 82-52-266-0208
Lotte Daesan Petrochemical Corporation
Address: 634, Dokgot-Ri, Daesan-Eup, Seosan-Si, Chungnam-Do
356-874
Tel: 82-41-689-5114 Fax: 82-41-689-5118
FRL Korea Co., Ltd.
Address: Rm. 503, Samgu Bldg., 70, Sogong-Dong, Jung-Ku,
Tel: 82-2-756-3577~9 Fax: 82-2-753-0310
Wellga Inc.
Address: 250-2, Seohyeon-Dong, Bundang-Ku, Seongnam-Si,
Gyeonggi-Do 463-824
Tel: 82-31-780-1500 Fax: 82-31-705-8911
Lotte JTV (As of 06/01/2007, it joined as an Affiliated company.)
Affiliates-Overseas (Total 18 companies including the below companies)
L&L.Ltd
Lotte
Lotte Trading
Lottephilippines Co.,
Vietnam Lotteria co.,Ltd
Lottevietnam Co.,Ltd,
KP Chemical(H.K)Limited
Lotte Taiwan Co.,Ltd
Lotte Shopping Rus Ltd
ZAO L&S
Sales by Region (Activity
& Markets)
|
Sales/ Unit :Mil KRW |
2006 |
2005 |
2004 |
|
Export |
301 |
1,785 |
322 |
|
Domestic |
9,055,579 |
8,605,319 |
7,627,595 |
|
Total |
9,055,880 |
8,607,104 |
7,627,917 |
The Subject has the plan to open the department stores in
Court Action
|
Case No. |
Court |
Plaintiff(s)/ Creditor(s)/ Applicant(s) |
Defendant(s)/ Debtor(s)/ Respondent(s) |
Cause |
Amount (Million KRW) |
Status |
|
|
|
The Subject |
Sir C&D and other 8 cases |
Claim for Damages |
1,006 |
Proceeding |
|
|
|
10 cases |
The Subject |
Claim for Damages |
4,625 |
Proceeding |
News Clipping
Home Plus plans to expand mini-marts
JoongangIlbo & Joins.com : 06/08/2007
Home Plus will continue its aggressive expansion into the corner store sector of the retail industry, said an official at its corporate parent.Lucy Neville-Rolf made the remarks as corporate affairs director of Tesco, the U.K.-based majority share- holder of Samsung Tesco, which operates Home Plus, the No.
2 player in the big-box retail business after E-Mart.
“We will add 10 big-box stores and 41 super supermarkets
[slightly larger than a convenience store] in
That will bring the total Home Plus numbers to 61 large stores and 73 smaller stores.Home Plus aims to surpass E-Mart, which has only a few smaller stores.
Lotte Shopping, the third-largest big-box retailer, has 53 smaller stores in operation with 14 more coming within the year.
The competition is fierce, and small retailers and the government are not comfortable with the expansion.
“Don’t the big chain stores think it is enough?” said the owner
of Daegwang Supermarket in Cheongdam, Gangnam, southern
He said he had lost a lot of regular customers after an E-Mart opened near his shop.
“My store is making money selling gum and drinks.
Imagine how it’s going to be when the giants open their own version of corner stores around here.”Local governments are also in a dilemma.
In terms of investment, the authorities welcome new stores in their town, but smaller store owners tend to persuade their governments to take a different stance.
Yesterday, the chief executives of major retailers including
E-Mart, Home Plus and many others gathered at a hotel in southern
They were to issue a declaration against the government’s policy to suppress large stores and revive traditional markets and corner stores.
Recently, Wal-Mart and Carrefour, leading global retailers, failed in the domestic market and withdrew.
Some blame regulations, but Home Plus, another foreign-owned chain, is doing quite well. The biggest factor for success is understanding the culture, said one researcher at AC Nielsen, a marketing research firm.
“There are only about 10 foreign workers among all 12,000 employees at Samsung Tesco,” said the researcher.
“Carrefour’s foreign employees were somewhat ignorant of the Korean work ethic, which needed consideration.”Carrefour was also not on good terms with local suppliers.
“Occasionally, Carrefour would ask us to sell our drinks at a ridiculous price,” said a salesperson at a beverage company.
By Hwang Young-jin Staff Writer - Copyrights ⓒ JoongangIlbo & Joins.com, All rights reserved. -
Dismal retail 1st quarter leads to spending doubts
JoongangIlbo & Joins.com : 05/17/2007
Korea’s department store sales fell for the first time in three months in April, suggesting rising gasoline prices and a slowing housing market may be chipping away at consumer spending.Sales at the nation’s three biggest department store chains dropped 2.3 percent from a year ago after rising 4.1 percent in March, the Commerce Ministry said yesterday.Retailers declined as the report added to signs consumption is lagging behind exports as a driver of growth here.
Lotte Shopping Co.,
in Seoul.Sales at discount stores dipped 5.5 percent in April, compared with a 3.6 percent gain in March, when shoppers flocked to stores as new school semesters began, yesterday’s report showed.Seoul-based Lotte Shopping in February forecast that profit will decline 6.8 percent in 2007, the first annual drop in four years.
Shares in Lotte have slipped 6.2 percent this year, compared with an 11 percent gain in the Kospi index.In another sign of lackluster consumer spending, Korean service firms, such as realtors, health care providers and retailers, expanded output at the slowest pace in five months in March.The increased cost of fuel may provide one reason consumer spending is sluggish.
The price of
Still, if the recent rise in the oil price “continues, that might hamper the performance of the Korean economy.”Authorities have also sought to curb property price gains and slow home lending, which may be dampening consumer spending.
- Copyrights ⓒ JoongangIlbo & Joins.com, All rights reserved. -
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)