Lotte Group Chairman Shin Dong-bin [Lotte]
Lotte Group Chairman Shin Dong-bin [Lotte]

Lotte Group will hold its second-half Value Creation Meeting (VCM) — formerly known as the presidents' meeting — at Lotte World Tower in Songpa-gu, Seoul on Wednesday.

According to industry sources Monday, Lotte will convene the VCM that afternoon under the chairmanship of Shin Dong-bin to discuss the group's future direction and business strategy.

The VCM is a biannual gathering of Lotte Group's top executives, bringing together Shin, the representative directors of Lotte Holdings and the heads of its affiliates.

Shin is expected to share the group's medium- and long-term operational strategy with the assembled CEOs and outline management priorities for the second half of the year.

The meeting is also expected to review the group's progress and direction on AI transformation (AX). At a "CEO AI Academy" held June 5-6, Shin stressed that "AX is not a choice — it is the group's top priority, one on which our survival depends."

The group is also likely to assess the effectiveness and outlook of its structural reform efforts across core business units, including retail, food and chemicals.


spa@heraldcorp.com