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Lotte Cinema and Lotte Entertainment Introduce a New Independent Corporate Body, Lotte Cultureworks Apr 16, 2018

Lotte Cinema will take a leap to become a multi-entertainment company. Lotte Cinema which was originally an affiliate of Lotte Shopping will now be incorporated as Lotte Cultureworks Co. Ltd in order to expand the theater business. This change was approved at Lotte Shopping’s regular board meeting that took place on April 6th. The independent corporation will be in business starting from June 1st....
Lotte Cinema to be Spun Off from Lotte Shopping Jun 22, 2017

Lotte Shopping’s cinema business will be spun off into a separate company. “During a regular board meeting, the members of Lotte Shopping have approved the plan to spin off the company’s cinema business Lotte Cinema as its affiliate.” the cinema department said in a press release on June 8th, 2017. “Therefore, Lotte Cinema will develop its own business as a separated corporation from Lotte Shoppin...