Softec Corporation Signs Business Agreement with Hanmin Tour, Lotte Duty Free's First-Tier Vendor Company

Softech Corporation announced on the 14th that it has signed a Memorandum of Understanding (MOU) with Hanmin Tour, the primary vendor of Lotte Duty Free. This agreement was made to enhance the partnership between the two companies and to strategically ally and maximize business in the platform sector.

The contents of this MOU involve maximizing the token economy by integrating Hanmin Tour’s tourism and leisure industry content, as the primary vendor of Lotte Duty Free, with businesses related to LOTT tokens, NFTs, metaverse, and blockchain platforms. Additionally, a metaverse app for Hanmin Tour’s travel products will be developed to provide high-quality services, thereby maximizing the business of both companies.

A company representative stated, “We aim to expand the usage scope of the LOTT token by introducing a blockchain payment system for Hanmin Tour’s tourism and leisure business, the primary vendor of Lotte Duty Free,” and added, “We will also provide high-quality services to LOTT token users and customers using Hanmin Tour’s travel products, the primary vendor.”

Hanmin Tour, the primary vendor of Lotte Duty Free, is a company planning to achieve over 700 billion KRW in annual duty-free sales, standing out in the domestic tourism industry as foreign tourist demand increases during the ‘2023~2024 Visit Korea Year’ and group tours from China are permitted, revitalizing tourist attraction. Through this MOU, by developing a metaverse app for Hanmin Tour’s tourism and leisure travel products and providing quality service operations to customers, it is expected that sales will continue to show significant growth in the future.

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