Lotte promotes shared growth with partner firms through practical support

The Lotte Group is actively fostering mutual development with its affiliated companies through tangible initiatives. To alleviate the financial strain on smaller partners, Lotte ensures timely disbursements of payments for supplied goods prior to major holidays. Additionally, the group actively supports its partners' overseas expansion through brand expo events.

Since 2013, Lotte has been proactively making early payments to partner companies ahead of key holidays in South Korea every year. This practice is necessary as expenses like employee bonuses and payments for raw materials tend to accumulate before the holidays. For the recently concluded Chuseok holiday, Lotte disbursed a total of 949.5 billion won ($701 million) to more than 12,000 partner entities, averaging eight days earlier than the scheduled payment dates.

The program involving 27 Lotte companies, including well-known entities like Lotte Department Store, Lotte E&C, Lotte Global Logistics, and Lotte Mart, is just one component of the group's broader efforts to nurture sustainable growth in partner firms. Lotte operates a 1 trillion won Shared Growth Fund to assist in reducing the loan interest burden for these partners. Furthermore, the group has implemented diverse programs aimed at fostering sustainable growth among its allied companies.