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In November 2022, Ocado Group announced a partnership agreement with Lotte Shopping to develop its online business in South Korea using the Ocado Smart Platform (OSP).
Lotte Group is one of the largest business conglomerates in Korea – spanning retail, food, hotels and chemicals, with a total annual revenue of 75 trillion KRW (£45bn). Lotte Shopping, the largest retail affiliate of Lotte Group, operates department stores, hypermarkets, supermarkets and ecommerce in Korea, with more than 1000 stores nationwide and an annual revenue of 15.6 trillion KRW (£9.5bn).
In November 2022, Ocado Group announced a partnership agreement with Lotte Shopping to develop its online business in South Korea using the Ocado Smart Platform (OSP).
Lotte Group is one of the largest business conglomerates in Korea – spanning retail, food, hotels and chemicals, with a total annual revenue of 75 trillion KRW (£45bn). Lotte Shopping, the largest retail affiliate of Lotte Group, operates department stores, hypermarkets, supermarkets and ecommerce in Korea, with more than 1000 stores nationwide and an annual revenue of 15.6 trillion KRW (£9.5bn).
In November 2022, Ocado Group announced a partnership agreement with Lotte Shopping to develop its online business in South Korea using the Ocado Smart Platform (OSP).
Lotte Group is one of the largest business conglomerates in Korea – spanning retail, food, hotels and chemicals, with a total annual revenue of 75 trillion KRW (£45bn). Lotte Shopping, the largest retail affiliate of Lotte Group, operates department stores, hypermarkets, supermarkets and ecommerce in Korea, with more than 1000 stores nationwide and an annual revenue of 15.6 trillion KRW (£9.5bn).
In November 2022, Ocado Group announced a partnership agreement with Lotte Shopping to develop its online business in South Korea using the Ocado Smart Platform (OSP).
Lotte Group is one of the largest business conglomerates in Korea – spanning retail, food, hotels and chemicals, with a total annual revenue of 75 trillion KRW (£45bn). Lotte Shopping, the largest retail affiliate of Lotte Group, operates department stores, hypermarkets, supermarkets and ecommerce in Korea, with more than 1000 stores nationwide and an annual revenue of 15.6 trillion KRW (£9.5bn).
"Lotte Shopping is set to be the leading online grocery business in Korea, driven by the establishment of six upcoming customer fulfilment centres."
"The technologies that will power this site are not just cutting-edge for the grocery sector, they are cutting-edge in any sector of the global economy. We can’t wait to deliver amazing experiences to Lotte shoppers, enabling a whole new standard of grocery ecommerce."
Partnership Milestones
In December 2023, Lotte held a ceremony to celebrate the groundbreaking of their first Customer Fulfilment Centre (CFC) in Busan – the first of six planned by 2028.
The launch of this new CFC will showcase Ocado Group's pioneering technology, demonstrating a renewed focus towards sustainability; with 30% of the CFC's power generated through solar panels and a fully electric fleet of delivery vehicles, serving the Gyeongnam region from 2025.
The partnership will also introduce multi-storey CFCs for the first time in Ocado Group's history, an innovation where OSP grids can be installed on multiple levels, unlocking a wider range of property types and enabling more efficient use of space in densely built environments.
Lotte is due to go live with its second CFC in 2027.
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