On the 12th, Lotte held the ‘2025 Lotte Awards’ (hereinafter referred to as Lotte Awards) at the Lotte Hotel World in Songpa-gu, Seoul. The Lotte Awards is an event that encourages and honors the achievements of employees who created customer value over the past year through a spirit of challenge and innovation.
This year's core message for the Lotte Awards is ‘Beyond limit,’ signifying Lotte's commitment to leading the global market by overcoming fear and impossibility.
The grand award for the 2025 Lotte Awards was awarded to LOTTE Wellfood's global strategy division, which became the first South Korean food company to enter India. They introduced a chocolate pie made with plant-based ingredients to overcome religious and cultural differences and were recognized for their thorough localization strategy, including the development of heat-resistant chocolate that maintains quality in high temperatures.
LOTTE Wellfood's subsidiary in India has shown an average annual growth rate of around 8% from 2022 to last year. Over 30% of LOTTE Wellfood's total overseas sales last year came from India. In February of this year, the company completed a new ice cream plant in Pune, India, formally targeting the 1.4 billion population market.
The excellence award was given to five teams in the fields of sales and marketing, R&D (research and development), production and procurement, and AI and digital transformation (AI and DX). The dessert team 2 at LOTTE Central Research Institute received the R&D award for developing the world's first zero-calorie ice cream, which led to increased sales, while LOTTE Chemical's advanced materials business’s ColorLAB was recognized in the AI and DX category for developing a synthetic resin color matching system that can reflect diverse customer needs using AI.
On this day, Shin Dong-bin, chairman of the Lotte Group, attended the event and noted in his speech, “The many achievements made through innovation will become the driving force leading the group's future,” adding, “I hope you will continue to create differentiated value that only Lotte can provide through diverse ideas and challenges.”