2024-03-28 18:59:09
Held regular shareholders’ meeting
Five agenda items, including financial statement approval and director appointment, were approved as originally planned.
Continuing from last year, new business exhibition halls such as Metaverse, AI, and electric vehicle charging were established.
Focus on fostering new businesses… Looks like the business will be reorganized to improve its structure
Lotte Holdings explained that it is holding a regular shareholders’ meeting to actively foster and discover new businesses and is also considering reorganizing its business structure.
On the 28th, Lotte Holdings held a regular general shareholders’ meeting (hereinafter referred to as the general shareholders’ meeting) at Lotte World Tower. At the general shareholders’ meeting, five agenda items were submitted, including ▲approval of financial statements, ▲partial revision of the articles of incorporation, ▲appointment of directors, ▲appointment of audit committee members, and ▲approval of director remuneration limits, and were passed as originally proposed. Lotte Holdings approved its 57th financial statements last year, recording 15.1 trillion won in consolidated sales and 493.7 billion won in operating profit, and decided to pay a cash dividend of 1,500 won per share of common stock.
Chairman Shin Dong-bin and Head of Finance Innovation Office Go Jeong-wook were reappointed as executive directors of Lotte Holdings. ESG Management Innovation Director Noh Jun-hyung was appointed as a new internal director. Kwon Pyeong-oh, former president of the Korea Trade-Investment Promotion Agency, Lee Gyeong-chun, CEO of Class Hangyul Law Firm, Kim Hae-kyung, former KB Credit Information CEO, and Park Nam-gyu, professor of business administration at Seoul National University, were reappointed as outside directors, and among the outside directors, outside directors Hae-kyung Kim and Nam-gyu Park were appointed to the audit committee. was appointed as
Chairman of the Board of Directors and Vice Chairman Lee Dong-woo of Lotte Holdings explained to shareholders management activities to increase corporate value and expand shareholder profits.
Vice Chairman Lee introduced the subsidiary’s management activities, saying, “Lotte Group is actively discovering and nurturing new businesses to increase corporate value.” ▲ Lotte BioLogics began construction of a domestic mega plant ▲ Lotte Shopping’s collaboration with Ocado, a global retail tech company ▲ Lotte Well Food’s overseas business expansion, etc. were explained. An explanation of Lotte Novate’s (formerly Lotte Information and Communication) ▲electric vehicle charging platform ▲Metabus business was also added.
He emphasized that he was working to secure competitiveness by expanding the application of AI in existing businesses. “Last September, we launched the AI TF, a dedicated AI organization, and are researching ways to introduce various AI business models as well as digital transformation within the group companies,” he said, explaining cases of AI integration at each affiliate and AI strategy training activities for CEOs.
He continued, “So far, Lotte has grown through business expansion through M&A, but as management uncertainty is increasing, we will work harder to improve management efficiency through selection and concentration,” and also expressed its intention to reorganize its business structure.
Continuing from last year, Lotte Holdings established a new business exhibition hall to provide shareholders with the opportunity to experience Lotte Group’s new businesses. The exhibition hall was installed in the lobby of the 31st floor of Lotte World Tower heading to the Presidential Office with four themes, including Metaverse, ABC (AI, Big Data, Cloud), and Mobility (autonomous driving, electric vehicle charging) life platform.
Kim Sang-jun, Donga.com reporter ksj@donga.com
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2024-03-28 18:59:09