Latest news with #LotteHotel
Korea Herald
20-05-2025
- Business
- Korea Herald
Lotte to host World Department Store Summit in Seoul next month
Korean department store chain Lotte Department Store announced Tuesday that it would host the 16th World Department Store Summit from June 11 to 12 at Lotte Hotel Seoul. Co-hosted by the Intercontinental Group of Department Stores, the world's largest association of department stores, the summit gathers top executives from over 20 global retailers across 10 countries to share insights under the theme, 'How to Best Captivate Customers.' Lotte Department Store CEO Jung Joon-ho will deliver the keynote and speak on the evolution of Korean department stores. Other prominent speakers include Selfridges CEO Andre Maeder (UK), Nordstrom President Fanya Chandler (US), Central & Robinson Department Store CEO Natira Boonsri (Thailand) and Shibuya Parco General Manager Yugo Hiramatsu (Japan). Eight sessions will cover key topics such as retail innovation, shifting consumer trends and premium service strategies. On the last day of the summit, participants will tour Lotte Department Store's main branch in Myeong-dong, central Seoul, to explore the success factors behind the brand and its vision for the future. 'This event reflects global recognition of Korea's retail leadership,' said Jung. 'We're committed to making it a forward-looking, impactful summit.'
Korea Herald
15-05-2025
- Business
- Korea Herald
Winners Announced in 2025 People's Choice Stevie® Awards for Favorite Companies in 12th Annual Asia-Pacific Stevie® Awards
Eight winners of a public vote for favorite organizations honored with crystal People's Choice Stevie Award trophies. FAIRFAX, Va., May 15, 2025 /PRNewswire/ -- The Stevie ® Awards, organizer of the world's premier business awards programs, announced winners of eight People's Choice Stevie ® Award trophies in the 12th annual Asia-Pacific Stevie ® Awards, the only awards program to recognize innovation in the workplace throughout the Asia-Pacific region. The People's Choice Stevie Awards for Favorite Companies, a long-time feature of several Stevie Awards programs, was introduced to the Asia-Pacific Stevie Awards in 2023. All winning organizations and nominees in the Company/Organization categories in the 2025 competition were automatically included in voting for the People's Choice Awards. Voting was conducted from 3 April through 2 May, with the highest number of votes determining the winners in several industry categories. More than 37,000 votes were cast this year by members of the general public worldwide. Each People's Choice winner received at least 100 votes, the minimum number required to be eligible to win. The winners of the 2025 People's Choice Stevie Awards for Favorite Companies are: These honorees will receive crystal People's Choice Stevie Award trophies. The 2025 Asia-Pacific Stevie Awards have recognized organizations in 23 markets including Australia, Bangladesh, Cambodia, mainland China, Hong Kong, India, Indonesia, Japan, Macao, Malaysia, Maldives, Papua New Guinea, the Philippines, Puerto Rico, Republic of Korea, São Tomé and Príncipe, Singapore, Taiwan, Thailand, Türkiye, the United Kingdom, the United States, and Vietnam. More than 1,000 nominations about innovative achievements were considered by the judges this year. Gold, Silver, and Bronze Stevie Award winners in various categories were announced on 3 April. Those awards were determined by the average scores of more than 120 executives worldwide acting as judges. Five Grand ("best of show") Stevie Award winners were announced on 16 April. Winners in the 2025 Asia-Pacific Stevie Awards were celebrated during an awards banquet on 13 May at the Lotte Hotel in Seoul, Republic of Korea. The 2026 Asia-Pacific Stevie Awards will begin accepting nominations this October. Sign up to get the entry kit at About the Stevie Awards Stevie Awards are conferred in nine programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards ®, The International Business Awards ®, the Stevie Awards for Great Employers, the Stevie Awards for Women in Business, the Stevie Awards for Sales & Customer Service, and the Stevie Awards for Technology Excellence. Stevie Awards competitions receive over 12,000 entries annually from organizations in more than 70 nations and territories. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at .
Korea Herald
24-04-2025
- Business
- Korea Herald
From finance to defense: Thailand-Korea forum maps path for collaboration
Thai deputy finance minister unveils vision for Bangkok as Asia's next financial center Thailand's Deputy Minister of Finance Julapun Amornvivat underscored his country's economic partnership with South Korea at the Ignite Thailand-Korea Business Forum in Seoul on Wednesday, highlighting efforts to leverage the countries' complementary strengths in a new era of financial cooperation. Serving as a gathering place for exploring economic cooperation across a diverse range of sectors, the two-day event -- held Tuesday and Wednesday at Lotte Hotel Seoul -- was co-hosted by Herald Media Group, the Royal Thai Embassy in Korea and the Industrial Estate Authority of Thailand. 'The forum represents our nations' shared commitment to economic growth, innovation and partnership,' the deputy finance minister said in his keynote address. 'South Korea's remarkable journey as a global financial and technological leader offers a powerful inspiration. Thailand sees enormous value in learning from these experiences, while also contributing our unique strengths and perspectives to this partnership.' Amornvivat introduced Thailand's Financial Hub Initiative, aimed at positioning the country as a leading financial center in Asia alongside hubs like Seoul, while highlighting its strategic location, competitive business climate, strong infrastructure and fast-growing digital ecosystem. Backed by new legislation, the plan focuses on four pillars: competitive incentives, a specialized regulator, workforce development and a market strategy targeting non-resident clients. 'Our holistic yet targeted approach to financial innovation uniquely positions Thailand to collaborate with global financial hubs such as Seoul, creating new avenues for growth, innovation and mutually beneficial cooperation in digital finance, sustainable investments and advanced fintech solutions,' he said. He added that Thailand's evolving economic profile will extend beyond traditional sectors, creating new opportunities for Korean businesses and serving as a dependable gateway to Southeast Asia's dynamic markets. Lee Sang-jun, vice president of the Korean-Thailand Chamber of Commerce, also delivered a presentation highlighting Thailand as a promising destination for Korean businesses seeking stability, quality and long-term growth opportunities. 'While Korea is strong in research and development, Thailand's advantage lies in its manufacturing capacity and production efficiency. Thai companies excel in OEM partnerships, allowing Korean firms to focus on innovation while leveraging local production for competitive, high-quality exports,' Lee said. Lee further emphasized Thailand's private-sector-led approach, with supportive but non-intrusive government policies, that empowers businesses to grow organically. 'Thai partners are known for respecting foreign technologies, while its diplomatic stance balances relationships with major powers like China, the US and Japan,' Lee added. The forum also featured a session with nine presenters from major Thai industrial and real estate developers -- including Amata City Chonburi, WHA Eastern Seaboard Industrial Estate, Asia Industrial Estate, Bhakasa Industrial Estate, ARAYA Industrial Estate, LPP Industrial Estate, Rojana Industrial Park PCL, Saha Pathana Inter-Holding PCL and the Industrial Estate Authority of Thailand -- who introduced their industrial complexes in a bid to attract investment from Korean firms. They underscored Thailand's appeal as a destination where Korean firms can grow with strong local support and partnership. Showcasing a concrete example of Korean investment in Thailand, the forum included a signing ceremony for a letter of intent between the Industrial Estate Authority of Thailand and Korean energy company Enerth, signifying their mutual interest in the Smart Park Industrial Estate in Thailand. Thailand-Korea defense, startup cooperation In a session featuring Korean company Hanwha Aerospace, Thai defense firm Chaiseri Metal and Rubber and Thailand's Defense Technology Institute, participants discussed the future of bilateral defense collaboration, underscoring a shared commitment to safeguarding peace and freedom in the Indo-Pacific region, across Asia and beyond. 'In line with Thailand's move to strengthen its mechanized infantry capabilities, we plan to transfer the upgraded technology from our domestically developed armored vehicle to Thailand,' said Jung O-sung, deputy general manager at Hanwha Aerospace. He said that Korea's robust and responsive supply chain aims to expand into MRO (maintenance, repair and overhaul) services for other equipment used by the Thai military. Chaiseri Metal and Rubber also expressed optimism about the growth potential of the defense sector. 'We continue cooperating with Hanwha in areas such as armored vehicles and communication equipment, as we currently lack some technological capabilities in these areas,' said Krit Koolhiran, assistant managing director at Chaiseri Metal and Rubber. "The potential for broader collaboration with Korea spans various areas, including weapon systems and combat management systems," he added. The forum concluded with a session focused on forming business partnerships with micro, small and medium-sized enterprises from Thailand and Korea. The panel featured representatives from Thailand's National Innovation Agency, Techsauce, SEA Bridge, and the Seoul and Daejeon Centers for Creative Economy and Innovation. 'We are actively fostering startups that are well-suited for both the Korean and Thai markets. This includes cooperation in cutting-edge fields such as AI and blockchain, particularly with technology-driven startups,' said Kanoch Rativanich, senior innovation counseling manager at Thailand's National Innovation Agency. 'Our goal is to link Korean corporates and startups with the real-time needs of Thai enterprises, creating timely, targeted partnerships,' remarked Kim Young-june, head of the innovation department at the Seoul Center for Creative Economy and Innovation. This approach enables a more agile and effective collaboration model where Korean innovation can meet Thailand's evolving industrial and technological demands, Kim added.
