- Business
- LOTTE Himart Co., Ltd. (071840.KS) is a leading South Korea-based retailer of consumer electronics and home appliances. The company operates approximately 303 directly managed stores nationwide, complemented by 11 logistics centers and 11 service centers, along with an online shopping mall at www.e-himart.co.kr; it offers a broad range of products including televisions, refrigerators, washers and dryers; home, beauty, and health appliances; seasonal appliances; digital products and computers; cameras, games, and sound products; mobile phones; living and kitchen goods; furniture and home decor; sports, camping, and leisure products; golf products; office and stationery; hobby, travel, and pet products; vehicle supplies and tools; books and toys; and healthcare products. LOTTE Himart provides comprehensive after-sales services such as installation, repairs, maintenance, homecare cleaning for appliances including washing machines, air-conditioners, refrigerators, bidets, mattresses, and range hoods; rental consultation; and its proprietary HIMADE brand encompassing over 190 cost-effective items across 30 categories like fans, air conditioners, refrigerators, televisions, vacuum cleaners, rice cookers, electric ranges, laptops, and desktops. Founded in 1987 and headquartered in Seoul, South Korea, the company changed its name from Hi-Mart Co., Ltd. to LOTTE Himart Co., Ltd. in November 2012 and operates as a subsidiary of Lotte Shopping Co., Ltd.
In recent developments, LOTTE Himart partnered with insurtech firm bolttech to launch a home appliance switching service in 2024, enabling customers to replace devices via an annual subscription starting at US$30 with extended three-year warranties, available through its online and physical stores. The company became Korea's first Apple-authorized repair reception agent in July 2025, initiating Apple authorized service application assistance across 89 stores nationwide. Additionally, LOTTE Himart opened experiential stores tailored for young consumers, such as The Nano Square in 2024 with 310 new items focused on single-person households, and expanded to five new stores in 2024 including one at Enter Six Anyang Station, while pursuing store renewals and profitability improvements amid a Q1 2025 sales growth of 3.4% to 665.4 billion won.