Lotte Holdings Introduces One Day a Week Remote Work... Chairman Shin Dong-bin Leads by Example

All Lotte Holdings Employees Applicable
Expansion to All Affiliates Undecided

Shin Dong-bin, Chairman of Lotte Group

[Asia Economy Reporter Cha Min-young] Lotte Holdings will pilot a mandatory once-a-week remote work system for all executives and employees, led by Lotte Group Chairman Shin Dong-bin, starting from the 25th.

A Lotte Holdings official announced this on the 22nd, stating, "This decision recognizes the changes in work environments, such as remote work, which have widely spread in our society due to the novel coronavirus infection (COVID-19), not as temporary but as a long-term trend, and aims to explore changes in employees' working methods within this context."

Accordingly, all executives and employees of Lotte Holdings can choose one day of the week they prefer to work from home. As of the end of March, there are a total of 175 executives and employees at Lotte Holdings.

Chairman Shin Dong-bin also leads by example by conducting video conferences with overseas business sites during remote work. Earlier, after traveling to Japan on a business trip in March, he returned on the 2nd of this month and managed Korea-Japan business issues through remote work and video conferences while self-quarantining at home for two weeks.

At the executive meeting on the 19th, he emphasized that "non-face-to-face meetings and reports were more convenient and efficient than expected," and stressed that working methods must naturally change according to changes in the work environment.

However, it is expected to take some time before this policy is expanded to all affiliates of Lotte Group. The plan is to pilot remote work through Lotte Holdings, which has relatively fewer members and no sales organization, and then observe future trends.

This content was produced with the assistance of AI translation services.