Lotte Co. , Ltd. is a multinational food and shopping corporation active in Japan and South Korea. Lotte was first established in June 1948 in Tokyo, by a Japanese businessman of Korean descent, known as Shin Kyuk-Ho in Korean or Takeo Shigemitsu in Japanese. From Tokyo, Lotte expanded into South Korea with the establishment of Lotte Confectionary Co. , Ltd in Seoul on April 3, 1967.
