With a strong belief in contributing to the nation and society through commerce, Lotte officially entered the food business when it founded Lotte Confectionery in 1967. Throughout the following decade, Lotte continued to expand its food business. Then, after establishing some of the nation’s top hotels and department stores, it became a leader in the domestic distribution and tourism industries as well. Lotte has since extended its reach into key industries such as construction and heavy chemicals. In the true spirit of commerce, Lotte made bold investments in the global marketplace in the 1990s, laying the groundwork for it to become a competitive global corporation.