Lotte Distribution Group, Sangjeon Distribution Academic Award Ceremony... Academic Grand Prize to Professor Emeritus Lee Seung-chang

Late Honorary Chairman Shin Gyeok-ho's Posthumous Title Named 'Sangjeon'
Academic Selected for Promoting Distribution Development

Lotte Distribution Group announced on the 16th that it will hold the '5th Sangjeon Distribution Academic Awards' ceremony in collaboration with the Korea Distribution Science Association at Lotte Hotel World in Songpa-gu, Seoul.

5th Sangjeon Distribution Academic Award Recipient
Photo by Lotte Distribution Group.

The Sangjeon Distribution Academic Awards were established to discover, nurture, and encourage outstanding researchers in distribution science to drive the development of the distribution industry. The award is named 'Sangjeon (象殿) Distribution Academic Award' after the pen name of the late Honorary Chairman Shin Kyuk-ho.

Since the first awardee in 2019, the Sangjeon Distribution Academic Awards have honored 22 scholars who contributed to the advancement of research and policy in the distribution field, awarding a total prize money of 370 million KRW. This year, five recipients were selected: one Grand Academic Award, three Excellence in Academic Research Awards (academic and policy categories), and one Emerging Academic Research Award.

The Grand Academic Award was given to Professor Emeritus Lee Seung-chang of Korea Aerospace University. During his tenure as president of the Korea Distribution Science Association, Professor Lee actively participated in social regulatory discussions on large discount stores and corporate supermarkets (SSM), striving for the development of the distribution industry. He has published over 52 papers in domestic and international journals focusing on distribution and service sectors and conducted numerous academic research and educational activities. He also proposed quantitative indicators for the distribution industry and introduced a distribution service level index.

The Excellence in Academic Research Award (academic category) was awarded to Professor Park Jung-eun of Ewha Womans University and Professor Jung Yeon-seung of Dankook University. Professor Park has conducted numerous studies and papers on core distribution functions such as sales management and sales personnel research at various academic conferences, including the Distribution Science Association. She also contributes to the development of distribution science through education and consulting activities utilizing industry-academic human networks with the government, public institutions, and companies. Professor Jung has published over 70 research papers in domestic and international journals and contributed to the advancement of marketing and distribution science by publishing many papers in top international marketing journals. He currently serves as president of the Service Marketing Association and advises multiple distribution companies.

The Excellence in Academic Research Award (policy category) was awarded to Professor Kim Sang-duk of Gyeongnam National University. Professor Kim has contributed to the development of the distribution industry and government policies by publishing a total of 37 policy research reports, including 18 in the distribution field, for the government, local governments, and private companies. He has received nine paper awards and reviewer awards from various distribution-related academic societies.

The Emerging Academic Research Award was given to Dr. Kim Woo-bin of Cornell University. Dr. Kim has maintained continuous interest in digital innovation in retail distribution and has conducted educational and academic activities related to the fashion distribution market status and digital innovation at domestic and international universities and Lotte Home Shopping. Recently, he has been steadily carrying out industry-academic cooperation projects with the government and distribution-related companies, developing the necessary capabilities as an emerging researcher.

This year’s Sangjeon Distribution Academic Awards ceremony will be held at the Crystal Ballroom on the 3rd floor of Lotte Hotel World. The Grand Academic Award recipient will receive 30 million KRW, each Excellence in Academic Research Award recipient 15 million KRW, and the Emerging Academic Research Award recipient 10 million KRW in prize money.

At the ceremony, Kim Sang-hyun, Vice Chairman and General Representative of Lotte Distribution Group, will present the awards. Representatives from six companies within the distribution group, including Jung Jun-ho, CEO of Lotte Department Store, and Kang Sung-hyun, CEO of Lotte Mart and Super, will attend. Lee Dong-woo, CEO of Lotte Holdings, will also attend to congratulate the awardees.

Kim Sang-hyun, Vice Chairman and General Representative of Lotte Distribution Group, said, "I express my gratitude to the scholars who have passionately conducted academic research and policy proposals in distribution science. Lotte Distribution Group will take the lead in promoting the development of the distribution industry, a core business supporting domestic consumption, and supporting outstanding scholars."

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