Pepero production by Lotte Wellfood will cease at Indian manufacturing facilities, marking its initial departure from domestic production on foreign soil.
The Lotte Group, a South Korean conglomerate, has announced that it will hold its first-ever overnight semiannual executive meeting, known as the Value Creation Meeting (VCM), from July 16 to 17, 2025 [1][2][3]. This extended meeting format reflects the group's intensified effort to revamp operations and boost competitiveness amid a challenging business environment.
The meeting will take place at the Lotte Human Resources Development Center in Osan, Gyeonggi Province, with approximately 80 top executives in attendance, including Chairman Shin Dong-bin, the CEO of Lotte Holdings, business group heads, and affiliate CEOs. The agenda will focus on reviewing midyear performance, recalibrating strategies to meet full-year goals, and pushing for transformation amid macroeconomic and competitive pressures [1][3].
Chairman Shin has emphasized that 2025 is a "last chance for change," urging the group to treat the current crisis as an opportunity for structural innovation and to adopt a more aggressive asset strategy centered on "selection and concentration" [1][3]. This call for transformation underscores the group's commitment to maintaining and restoring leadership in key sectors such as food, retail, and chemicals, which were strategic focuses in previous meetings as well [1][3].
Meanwhile, in unrelated news, the Lotte Giants are currently ranked in the top three of the KBO, South Korea's professional baseball league [4]. Additionally, no new information was found regarding Pepero, Lotte Biologics, Lotte World, the Flume Ride incident, WDSS summit, or Lotte Department Store in the provided bullet points [5].
In a separate development, a dialog window was displayed with captions settings options, but it did not contain any new information about the modal window or its captions settings options [6]. The dialog window also did not contain any advertisements or new information about the selected audio options 0, 1, and 2 [7].
Furthermore, Pepero products were displayed in a supermarket in Seoul on February 17, but no additional details were provided [8]. Lotte Department Store hosted the WDSS summit to support physical malls, but no further information was available [9].
In summary, the overnight VCM meeting and the chairman’s strong call for transformation highlight Lotte Group's urgent push to navigate through business headwinds in 2025 and renew its competitive edge [1][2][3]. The group's focus on structural innovation and aggressive asset strategy is a testament to its commitment to staying competitive in the face of challenging economic conditions.
- The Lotte Group, alongside other businesses, finds itself operating in a climate that poses significant challenges.
- Despite these challenges, the Lotte Group continues to demonstrate its commitment to sports, as evidenced by the success of the Lotte Giants in the KBO.
- Acknowledging this as a "last chance for change," the group's chairman has urged for a more aggressive approach to finance, focusing on "selection and concentration" in their assets.
- While the Lotte Group's operations in sectors like food, retail, and chemicals remain a priority, their efforts in sports, such as baseball, also play a role in their overall strategy.
