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According to the Korean business community on June 5th, Lotte recently launched the "Future Growth Task Force (TF)" under the umbrella of "Lotte Holdings" and "Japan Lotte Holdings", the holding company of the Lotte Group of Korea.
"The Future Growth TF will be in charge of discovering and strengthening new businesses," said an official at Korea Holdings. From now on, the TFs of the two countries plan to closely communicate with each other and collaborate in grasping global trends.
This move appears to be the result of Lotte Group's 'One Lotte Management' philosophy, which has emphasized integrated management between Japan and South Korea.
Some speculate that Managing Director Shin Yoo-yeol (Satoshi Shigemitsu), the eldest son of chairman Shin Dong-bin (Japanese name: Akio Shigemitsu), will be in charge of this organization. This is because Managing Director Shin is involved in both Japan and South Korea Lotte, including being in charge of planning at Japan Lotte Holdings and managing director at Korea Lotte Chemical.
On the other hand, the South Korean business community believes, "Until the scale of the organization reaches a certain level, there is a high possibility that Managing Director Shin will not join the organization. These TFs are still short-staffed, and I hear they haven't reached the level where Shin can join," said a business source.
2023/06/07 13:42 KST
