Lotte Shopping Selected as '2023 Excellent Disclosure Corporation' by Korea Exchange

12 Years Since 2011

Lotte Shopping has been selected as an ‘Excellent Disclosure Corporation in the 2023 Korea Stock Exchange Market’ organized by the Korea Exchange.

On the morning of the 29th, at the ‘2023 Korea Stock Exchange Market Excellent Disclosure Corporation Awards Ceremony’ held at the Korea Exchange building in Yeouido, Seoul, Lotte Shopping was recognized for its transparent and sincere fulfillment of disclosure obligations and was the only domestic distribution company selected as an excellent disclosure corporation. This is the first time in 12 years since 2011 that Lotte Shopping has been selected as an excellent disclosure corporation.

Yang Tae-young, Vice President of Korea Exchange (left), and Jang Ho-joo, Head of Financial Innovation Division at Lotte Shopping, are posing for a commemorative photo at the '2023 KOSPI Market Disclosure Excellence Awards Ceremony' held at the Korea Exchange Seoul Office on the 29th.

Last year, Lotte Shopping held the ‘CEO IR DAY’ corporate briefing session led by Vice Chairman Kim Sang-hyun and conducted a mid- to long-term strategy disclosure for the first time since its listing, strengthening communication with shareholders and investors. It also received high praise for efforts to raise internal awareness of transparent disclosure by issuing a monthly IR letter to management to disseminate issues.

The Korea Exchange annually selects and announces excellent disclosure corporations among all listed companies on the stock market that provide disclosure information quickly and accurately to investors, enhancing transparency and contributing to trust. Excellent disclosure corporations are selected through a rigorous evaluation combining quantitative assessments based on disclosure performance over the year and qualitative assessments including disclosure infrastructure, holding of corporate briefings, and the competency of disclosure officers. Awarded companies receive benefits such as a one-time exemption from being designated as a non-compliant disclosure corporation for five years, exemption from annual fees, and exemption from annual training for disclosure officers.

Jang Ho-ju, Head of Financial Innovation at Lotte Shopping, stated, “Lotte Shopping has strived to communicate with various stakeholders through active and transparent IR activities,” and added, “We plan to further strengthen communication with investors by expanding IR events led by management and conducting annual business performance outlook disclosures, focusing on enhancing shareholder value.”

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