Lotte's South Korea e-commerce arm offers early retirement

Money-losing company eyes reorganization after struggling against Coupang and Naver

20240611N Lotte On

Lotte On reported a fourth straight year in the red for 2023. (Lotte On)

NAMI MATSUURA, Nikkei staff writer

SEOUL -- Lotte On, the online retail arm of South Korea's Lotte conglomerate, is seeking volunteers to take early retirement packages after making little headway in its competition with more established rivals like Coupang.

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