Chairman Shin Dong-bin, Executive Team Gathering on the 9th... Lotte Holds First Half VCM

2025 First Half VCM Held
Discussion on Global Complex Crisis Strategies

Lotte Group will hold the first half VCM (Value Creation Meeting, formerly known as the Presidents' Meeting) attended by representatives of its affiliates on the 9th.

According to the distribution industry on the 7th, Shin Dong-bin, Chairman of Lotte, will preside over the 2025 first half VCM with key affiliate representatives at Lotte World Tower in Jamsil, Songpa-gu, Seoul on the afternoon of the 9th. Strategies for Lotte Group's business this year are expected to be discussed at this meeting.

On January 18, 2024, at the 'Shin Kyuk-ho Honorary Chairman Memorial Event' held at Lotte World Tower in Songpa-gu, Seoul, Shin Dong-bin, Chairman of Lotte Group, is seen leaving after the event. Photo by Kang Jin-hyung aymsdream@

The VCM, held twice a year (first half and second half), has been attended by about 80 people including the CEO and heads of departments of Lotte Holdings, general representatives of business divisions, and affiliate representatives. Shin Yoo-yeol, the eldest son of Chairman Shin and Head of Future Growth Office at Lotte Holdings (Vice President), is also expected to attend this VCM. Vice President Shin has been attending the VCM since 2023.

Typically, the first half VCM reviews last year's management performance and shares this year's management goals. Chairman Shin and the presidents of Lotte affiliates will check last year's business results and the group's status at this year's first half meeting, and discuss strategies to find breakthroughs amid the global complex crisis and to strengthen future business capabilities.

In his New Year's address on the 2nd, Chairman Shin ordered a strong reform, saying, "We must restore the competitiveness of core businesses to overcome the current crisis and lay the foundation for sustainable growth." He also emphasized the need to improve financial soundness while innovating business from the customer's perspective, enhancing global brand value, and internalizing artificial intelligence (AI). Accordingly, innovation and reform to restore competitiveness, securing financial soundness, and strengthening AI utilization are expected to be key themes at this meeting.

Lotte suffered from liquidity crisis rumors that started from an information magazine at the end of last year. Since then, after resolving the risk of early redemption of Lotte Chemical's 2 trillion won corporate bonds, it has been accelerating business structure reorganization and financial structure improvement. Recently, it has begun the process of selling Lotte Rental to a private equity fund.

This year's first half VCM will be held earlier than last year. Last year's first half VCM was held on January 18, coinciding with the 4th anniversary of the passing of Lotte founder Shin Kyuk-ho, Honorary Chairman (January 19), and a memorial event was held. At last year's VCM, Chairman Shin and his family appeared at the memorial hall on the first floor of Lotte World Tower to pay tribute to the bust of Honorary Chairman Shin Kyuk-ho.