Lotte Group Chairman Calls for Non-Core Business Streamlining Today

According to Yonhap Infomax, Lotte Group Chairman Shin Dong-bin on July 15 called for streamlining non-core businesses to strengthen profitability and competitiveness. Speaking at a Value Creation Meeting at Lotte World Tower in Seoul, Shin noted that while the group's performance improved in the first half of 2026, capital markets remain skeptical. He emphasized that the group's competitive advantage has stagnated over the past decade, and stressed the need for selection and focus, continuous improvement and innovation, and operational fundamentals. Shin also underscored that tradition should serve as a starting point for innovation, not a limitation.
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