App Service Ends on the 26th of Next Month
Lotte Healthcare's personalized health management platform service 'Cazzle' will be discontinued.
According to Lotte Healthcare on the 27th, the entire Cazzle app service will be terminated on the 26th of next month. The customer center will also cease operations on the 31st of the same month.
Lotte Healthcare is a wholly-owned subsidiary of Lotte Corporation, established in April 2022 for new healthcare business ventures. Last year, Lotte Healthcare launched 'Cazzle,' a health management platform that recommends personalized supplements, expressing its ambition to gain an advantage in the digital healthcare market; however, the results were disappointing.
Cazzle faced difficulties after its launch amid allegations of technology theft from a healthcare startup. The company's sales amounted to approximately 800 million KRW last year. Excluding the sales of its subsidiary, Teragen Health, a genetic testing specialist company, which recorded 750 million KRW, Lotte Healthcare's standalone sales were around 86 million KRW. Due to poor performance and questions about business viability, Lotte Corporation appears to be slowing down its healthcare business through this disclosure.
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