Tag : South Korea

January 15, 2021

Lotte Group (South Korea) – Embracing “Open Innovation” in E-Commerce for the Post-Corona Era

For Lotte Group, the fifth largest conglomerate in South Korea, the response to the crisis was not just about braving the storms of the pandemic but also about accelerating pre-COVID-19 developments. Lotte saw its e-commerce app, Lotte On, as the key to its business transformation. Building on the idea of “open innovation,” or the practice