Lotte Duty Free Selected Consecutively as an Excellent Company by Establishing an Advanced Corporate Culture

On the 28th, Lotte Busan Duty Free Shop was selected as an 'Excellent Company in Labor-Management Culture 2020' by the Ministry of Employment and Labor. From the left in the photo: Kim Myung-woo, Manager of Busan Regional Employment and Labor Office; Heo Gi, Manager of Lotte Duty Free Shop Busan Branch; Lee Moon-sook, Chairman of Lotte Busan Duty Free Shop Labor Union; Kang Hyun-chul, Head of Busan Regional Employment and Labor Office; Kim Joo-nam, Head of Management Support Division at Lotte Duty Free Shop; Choi Eun-joo, Vice Chairman of Lotte Busan Duty Free Shop Labor Union. Photo by XXX

[Asia Economy Reporter Seungjin Lee] Lotte Duty Free announced on the 29th that it has been consecutively selected as an excellent company at award ceremonies hosted by central government ministries such as the Ministry of Employment and Labor and the Ministry of Health and Welfare in recognition of its efforts to establish an advanced corporate culture.

Lotte Busan Duty Free, the local subsidiary of Lotte Duty Free in the Busan region, was selected as an ‘Excellent Company in Labor-Management Culture 2020’ hosted by the Ministry of Employment and Labor on the 28th. Out of a total of 120 institutions that applied, 36 were certified as excellent companies in labor-management culture, and Lotte Duty Free’s Busan subsidiary was the only one in the duty-free industry.

The certification for excellent companies in labor-management culture is awarded to companies that exemplarily practice a labor-management culture of coexistence and cooperation and social responsibility, and are selected after two rounds of evaluation including document screening and on-site presentations.

Lotte Busan Duty Free received high evaluations for creating a value-creating corporate culture based on trust between labor and management, implementing various labor-management culture programs such as joint volunteer activities and workshops, and enhancing labor safety by maintaining a regular employee ratio of over 99%. The average length of service of employees at Lotte Busan Duty Free was 18.9 years, more than twice the average length of service of 7.9 years for employees at large companies.

Earlier, on the 10th, Lotte Duty Free also received a ministerial citation at the ‘9th Population Day Ceremony’ hosted by the Ministry of Health and Welfare. The Ministry of Health and Welfare conducts annual awards to discover individuals and institutions that contribute to widely promoting the purpose of World Population Day and overcoming low birth rates and responding to aging in daily life.

Lotte Duty Free guarantees up to three years of parental leave, including one year of extended parental leave and one year of childcare leave for children entering elementary school, in addition to the statutory parental leave period. It also provides up to six months of leave for infertility treatment and supports one paid menstrual leave per month, actively supporting the employment stability of female talent and childcare, thereby creating an environment for long-term service. In addition, it received the Minister of Health and Welfare’s citation for practicing work-life balance by establishing a welfare system tailored to employees’ lives.

Kim Junam, Head of Management Support Division at Lotte Duty Free, said, “We are pleased to be recognized for various activities to build trust between labor and management,” and added, “Based on the establishment of an advanced corporate culture where all members cooperate, we will also overcome the difficulties of COVID-19.”

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