On the 5th, Lotte Shopping announced that it would implement a mid-term dividend, becoming the first in the retail industry to do so as part of its efforts to strengthen shareholder returns. This is the first mid-term dividend for Lotte Shopping since its listing in 2006 and the first in the retail sector.
The dividend per share is set at 1,200 won, with the total dividend amount estimated at 33.9 billion won. The record date for dividends is June 30, and the payment is scheduled for July 31. Lotte Shopping noted, "We plan to provide dividend stability to shareholders and continually enhance shareholder value through biannual dividends."
Kim Sang-hyun, CEO of Lotte Shopping (Vice Chairman), delivered a 'CEO IR letter' containing strategies for performance improvement and plans to strengthen shareholder returns to shareholders. He stated, "We will continue to strive to establish ourselves as a retail company with profitability and competitiveness in the medium to long term, growing together with our shareholders," and "Through the CEO IR letter, we will actively communicate with our shareholders and investors in the future."
It also included plans to enhance core competitiveness. Key strategies include accelerating the remodeling of core department store locations, completing the Ocado Busan Customer Fulfillment Center (CFC) and revitalizing Lotte Mart's Zeta app, and reinforcing domestic and international businesses such as Singapore's Lotte Mart Express.
The Vice Chairman stated, "Based on our corporate-wide strategy 'Transformation 2.0,' we are pushing for revenue security, global expansion, and enhancing product competitiveness," adding, "We will continue to respond swiftly to market changes and grow into a trusted retail company."