Lotte Corporation, a South Korean multinational conglomerate, is the fifth-largest chaebol in South Korea. Founded by Shin Kyuk-ho in Tokyo in 1948, the company initially focused on chewing gum before expanding into South Korea in 1967 with the establishment of Lotte Confectionery in Seoul. Today, Lotte's headquarters are located in Seoul, and it operates over 90 business units employing 60,000 people. The company's diverse portfolio encompasses food and beverage manufacturing, retail, hotels, fast food, financial services, chemicals, construction, electronics, IT, publishing, and entertainment, with operations extending to various countries including China, Thailand, and Vietnam.