Jun 1, 2026
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Lotte Group Weekly Briefing | Significant Improvement in Q1 Performance & Enhanced ESG Management... Ceiling Collapse Accident at Centum City Branch

[2026-05-31] Partial ceiling collapse at Lotte Department Store Centum City branch... Around 100 customers and employees evacuated urgently A partial ceiling co

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  • [2026-05-31] Partial ceiling collapse at Lotte Department Store Centum City branch... Around 100 customers and employees evacuated urgently A partial ceiling co
Lotte Group Weekly Briefing | Significant Improvement in Q1 Performance & Enhanced ESG Management... Ceiling Collapse Accident at Centum City Branch

[2026-05-31] Partial ceiling collapse at Lotte Department Store Centum City branch... Around 100 customers and employees evacuated urgently A partial ceiling collapse occurred on the afternoon of the 31st at the basement first-floor food hall of the Lotte Department Store Centum City branch in Haeundae-gu, Busan. The ceiling reportedly partially collapsed due to a coolant pipe leak. Immediately after the accident, around 100 people, including customers and employees on-site, evacuated swiftly, resulting in no casualties. Lotte Department Store closed early that day for safety inspections. A Lotte Department Store official stated, "It is presumed the accident occurred when the coolant pipe fell out," and added, "We are investigating the exact cause of the accident."

[2026-05-31] Lotte Construction holds 'Visiting Hair Salon' for foreign workers Lotte Construction held a 'Visiting Hair Salon' event for foreign workers on the 27th at the Dureummokgyo Outer Ring Road construction site in Sejong City. Foreign workers account for about one-third of the workforce at this site. Executives, including Lotte Construction CEO Oh Il-geun, completed a safety and health management meeting and on-site safety inspection that morning before directly participating in hairdressing and grooming volunteer work. CEO Oh Il-geun wore work clothes and took on a supporting role, handing out gowns to workers and helping with cleanup. A Lotte Construction official said, "There are no borders in the sweat shed on-site, and multinational workers are our most valuable partners," adding, "We will continue to expand warm communication and coexistence programs."

[2026-05-31] Lotte holds 'Korea Brand Expo' in Madrid, Spain... 522 export consultations worth $33.56 million Lotte announced on the 31st that it hosted the 'Lotte Korea Brand Expo in Southern Europe' in Madrid, Spain, to support domestic small and medium-sized enterprises (SMEs) in entering the Southern European market. The event was co-hosted by Lotte, KOTRA, and the Foundation for Large & Medium Enterprises, Small Enterprises, and Agricultural & Fishery Cooperation. During the event held from the 27th to the 29th, 50 domestic SMEs and about 70 buyers from seven European countries attended, resulting in a total of 522 export consultations worth $33.56 million. A K-Beauty complex pop-up store themed after a Seoul hair salon was also operated. Lotte Homeshopping CEO Kim Jae-gyeom stated, "We will strengthen our role as a specialized trading company to support local settlement beyond simple export support."

[2026-05-28] Lotte Holdings' Q1 operating profit up 181%... Non-core business liquidation and full-scale new business investment begin Lotte announced that the operating profit of its major business groups reached 78.76 billion won in the first quarter of this year, a 181% increase compared to the same period last year. Lotte Shopping's operating profit rose by 71% to 25.29 billion won, while Lotte Construction surged by 1,226% to 5.04 billion won. Lotte Wellfood (3.58 billion won, up 118%) and Hotel Lotte (7.45 billion won, up 83%) also showed strong performances, and Lotte Chemical successfully returned to profitability after 10 quarters. At an investor relations (IR) presentation on the 27th, Lotte announced it would focus on investments in future industries such as bio, battery and semiconductor materials, and hydrogen, alongside portfolio restructuring through the liquidation of non-core businesses.

[2026-05-28] Lotte Wellfood introduces 'Safe Consumption Food QR', a first in the ready-to-eat food industry Lotte Wellfood announced on the 28th that it has become the first in the convenience store ready-to-eat food industry to introduce the Safe Consumption Food QR. This system, which automatically blocks the sale of products past their consumption date, will be initially applied to 71 products supplied to 7-Eleven, including ready-to-eat meals, inari sushi, triangle kimbap, and lunch boxes.

[2026-05-28] Lotte Construction completes its 100th 'Love House of Dreams and Hope' The 100th facility of Lotte Construction's signature social contribution project, the 'Love House of Dreams and Hope,' has been completed. This 100th facility is the Sejong Migrant Workers' Welfare Center located in Jochiwon-eup, Sejong City. On the 27th, Lotte Construction held a plaque unveiling ceremony and volunteer activities to improve the facility's environment, attended by CEO Oh Il-geun, employees, and officials from the Green Umbrella Children's Foundation.

[2026-05-27] Lotte Construction supports communication in 20 languages with AI translator... trained on 300 hours of voice data Lotte Construction is upgrading its AI multilingual translation model to improve communication with foreign workers at construction sites. The translator, which only supported four languages last year, has now been expanded to 20 languages and is being utilized at approximately 40 sites nationwide. Lotte Construction is also developing a mobile app and a QR code access method so that workers can easily use it on their mobile phones.

[2026-05-27] Lotte hosts the 1st 'Comfortable Family Award'... presents a total of 120 million won On the 26th, Lotte hosted the 1st Lotte 'mom' Comfortable Family Award ceremony, presenting a total of 120 million won in prize money to six winners in the individual and organization categories. Created with the intention of building a society where families and children can feel at ease, this award recognized individuals and organizations active in various fields, including raising biological and foster children, and volunteering for multicultural families.

[2026-05-26] Lotte Construction & Regenti N&D develop 'Soylastic Soundproofing Palette' reducing inter-floor noise by 4~6dB Lotte Construction, in collaboration with Regenti N&D, has developed the 'Soylastic Soundproofing Palette,' a flooring material that enhances inter-floor noise reduction and environmental sustainability. This product reduces heavy impact noise by approximately 4 to 6 decibels compared to existing products and contributes to reducing carbon emissions by utilizing recycled aggregates and waste plastics. Lotte Construction stated, "It is a technology that fulfills two tasks: solving inter-floor noise problems and expanding the use of eco-friendly construction materials."

[2026-05-25] Lotte to host the 2026 Korea Brand Expo in Madrid Lotte announced on the 25th that it will hold the 2026 Lotte-Korea Brand Expo in Madrid, Spain, from the 27th to the 29th. Fifty domestic SMEs will participate to conduct one-on-one export consultations and product exhibitions with about 200 buyers invited from across Europe, while a K-Beauty pop-up store and Hallyu (Korean Wave) events will also be prepared.