The Birth of Shin Kyuk-Ho: Founder of Lotte Corporation

Name: The Birth of Shin Kyuk-Ho: Founder of Lotte Corporation
Start: 1921-10-04
Location: Unspecified

The Early Life of Shin Kyuk-Ho

Shin Kyuk-Ho: A Visionary Entrepreneur

Born on March 15, 1921, in Ulsan, Korea, Shin Kyuk-Ho was destined to become a significant figure in the world of business. His entrepreneurial journey began in a challenging time, influenced by the social and economic issues of Korea during the early 20th century.

Growing Up in Ulsan

Shin spent his formative years in the coastal city of Ulsan, where he witnessed the impact of Japanese occupation on Korean businesses and culture. These early experiences ignited a passion for entrepreneurship within him, setting the stage for his remarkable future.

Founding Lotte Corporation

The Birth of Lotte

In 1967, Shin established the Lotte Corporation, which originally began as a confectionery company in Japan. His vision was not only to provide delicious treats but to build a brand that would symbolize quality and trust both in Japan and back in his homeland, Korea.

International Expansion and Success

Under Shin's leadership, Lotte grew rapidly, expanding its operations across various sectors, including food production, retail, and entertainment. By the 1980s, Lotte became a household name, known for its innovation and commitment to customer satisfaction.

The Legacy of Shin Kyuk-Ho

A Lasting Impact

Shin Kyuk-Ho's contributions to the business world are celebrated even after his passing in 2020. He transformed Lotte from a small corporation into one of the largest conglomerates in South Korea, impacting the lives of countless individuals by creating jobs and advancing the economy.

Honoring His Memory

Today, Lotte Corporation continues to thrive, driven by the principles and values that Shin instilled in the company, ensuring that his legacy will live on for generations to come.

Fun Fact

Shin Kyuk-Ho’s Interesting Fact

Shin Kyuk-Ho's journey is notable not just for his business acumen but also for his resilience; he built Lotte during a time when many aspiring entrepreneurs faced significant challenges, including political and economic instability.