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Contents

LOTTE FOOD

  • About Company
  • CEO
  • Business Philosophy
  • History
  • Financial Information
  • CI

Home>LOTTE FOOD>History

History

The most important company in the history of Korea’s food industry

With an unsurpassed commitment to quality, we ensure the highest level of customer satisfaction.

2011~Present

  • Oct. 10, 2014Merged with Coffee Division from Lotte Beverage
  • May. 30, 2014Invested capital(or Asset) in Korea Nestle
    (Establish Lotte Nestle Korea,
    50% of Capital Investment)
  • Mar. 2013Changed company name to LOTTE FOOD Co., Ltd.
  • Jan. 2013Merged with Lotte Ham Co., Ltd.
  • Nov. 2012Merged with Lotte Fresh Delica Co., Ltd.
  • Mar. 23, 2012Appointed new CEO (Yong-su Kim → Yeong-ho Lee)
  • Jan. 2012Merged with Wellga Co., Ltd.
  • Nov. 2011Merged with Pasteur Milk Co., Ltd.

2006 ~ 2010

  • Oct. 2010Launched “LaBest” premium ice cream brand
  • Dec. 2009Launched “Chefood”premium food brand
  • Oct. 1, 2009Acquired Lotte Shopping food division
  • Dec. 2, 2009Appointed new CEO
    (Young-jun Kim → Yong-su Kim)
  • Jul. 9, 2007Expanded Pyeongtaek factory
  • Mar. 24, 2006Appointed new CEO
    (Kwang-hun Lee → Young-jun Kim)
  • Feb. 28, 2006Merged with Daeha Co., Ltd.

2001 ~ 2005

  • Jul. 2005 Expanded Cheonan factory
    (for frozen confectionary/fats and oil product lines)
  • Feb. 25, 2005 Capital investment in Wellga, China (100%)
  • Dec. 2003 Chosen as No.1 Brand Power by
    Korea Management Association for the Daeji Bar
  • Dec. 31, 2003 Achieved KRW 300B in sales
  • Sept. 2003 Launched vegetable pre-processing business
  • Mar. 31, 2003 Introduced ERP system
  • Mar. 27, 2003 Groundbreaking ceremony for the Cheonan factory
    (ice cream & oil division)
  • Dec. 13, 2002 Leading Company for a New Labor
    Management Culture
  • Mar. 18, 2002 Appointed new CEO (Jong-gyu Lee → Gwang-hun Lee)
  • Jun. 28, 2001 24th Annual Best Value Business Award
    (Korea Management Association)
  • Apr. 30, 2001 Copper Tower Industrial Medal (Government)
  • Feb. 14, 2001 Best Place to Work Award (Korea Employers Federation)

1991~2000

  • Nov. 2, 2000 Leading Company for New Labor Management
    Culture in Q4, 2000 (Ministry of Labor)
  • May 20, 2000 Expanded CREAM LINE SPIRAL H/T
  • Dec. 22, 1999 Leading Company for New Labor
    Management Culture (Ministry of Labor)
  • Dec. 17, 1999 Earned ISO9001/14001 certifications
    (Korea Foundation for Quality)
  • Nov. 1999 Introduced disposable portion cup for food
  • Dec. 12, 1998 Paid-in capital increase (KRW 3.7B→6.3B)
  • Jul. 1, 1998 Re-evaluated company assets
  • Dec. 29, 1997 Appointed new CEO
    (Yeong-jong Lee→Jong-gyu Lee)
  • Mar. 1996 Completed construction of Cheonan factory
    (Uijeongbu factory→54-3, Chaam-dong,
    Choenan, Chungnam)
  • Apr. 1995 Expanded the Oil Tower
  • Jan. 1995 Launched take-out food chain (lunch boxes, kimbop)
  • Dec. 1991 Expanded the margarine kombinator
  • Jul. 1991 Expanded the bar & cream line

1981~1990

  • Apr. 1, 1990 Expanded the bar line
  • Feb. 1990 Pain-in capital increase (increased to KRW 3.6B)
  • Sept. 1988 Expanded the Oil Tower
  • Jun. 1987 Expanded the Oil Vocator facilities
  • May 10, 1987 Introduced the Slim Pack M/C for beverage
  • May 10, 1987 Consolidated shares
    (par value rose from KRW 500 to 5000)
  • Nov. 1986 Established the BETERA baking research center
  • Aug. 1985 Entered into technical partnership with Fantasy, U.S.
  • Jan. 1984 Re-evaluated company assets
  • May 1981 Entered into technical partnership with Fuji, Japan
    (special oil)

1958~1980

  • Jan. 1980 Re-evaluated company assets
  • Feb. 27, 1978 Changed name to Lotte SamKang Co., Ltd.
  • Dec. 1, 1977 Lotte Group acquired the right to manage the company
  • Feb. 1976 Merged with Daehan Margarine
  • Feb. 1967 Changed name to Sam Kang Ind. Co., Ltd.
  • Aug. 1963 Changed name to Sam Jeong Ind. Co., Ltd.
  • Feb. 1962 Relocated headquarters (from Ojang-dong, Jung-gu, Seoul to 21, 6ga, Mullae-dong, Youngdeungpo-gu)
  • Dec. 1959 Changed name to Sam Kang Oil Chemicals Co., Ltd.
  • May 1959 Changed name to Cheil Oil Chemicals Co., Ltd.
  • Jan. 10, 1958 Incorporated Il-Dong Industrial Corp. (capital KRW 5M)

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