Lotte Innovate Co Ltd
KKRX:28694018,090.00
KRW
+150.00
(+0.84%)
ISIN
KR7286940002
Return %
Stock
S&P 500
1Y
-13.03
14.39
3Y
-29.57
81.42
5Y
-50.05
68.62
Capital Structure
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Kyung-Yub Kim
- Full Time Employees
- 2,887
- Sector
- Commercial services
- Industry
- Miscellaneous commercial services
- Address
- 179, Gasan Digital 2-ro Seoul SL South Korea 08500
- IPO Date
- Jul 27, 2018
- Website
- lotteinnovate.com
- Similar Companies
- Business
- Lotte Innovate Co Ltd Lotte Innovate Co Ltd (286940.KS), founded in 1996 and headquartered in Seoul, South Korea, serves as a subsidiary of Lotte Corporation and specializes in information technology services, including system integration, system management, IT outsourcing, and emerging digital transformation solutions; core offerings encompass artificial intelligence platforms leveraging Korea's largest B2C experience data for personalized services, metaverse content such as the ultra-realistic CALIVERSE and digital human technologies, electric vehicle charging infrastructure through EVSIS including R&D, design, production, installation and maintenance, Level 4 autonomous shuttles with 40km/h operation permits, smart factory and smart city systems, blockchain platforms like LALP Chain and All-iDa mobile identification, data center operations across four facilities, cloud services, security solutions, big data analytics, and industry-specific applications for retail, manufacturing, logistics, finance, healthcare, and transportation sectors primarily in Korea with international operations including R&D centers in Vietnam and India and expansion into the US EV market. The company, formerly known as Lotte Data Communication Company, underwent a significant name change to Lotte Innovate in 2024 to reflect its broadened focus on innovation beyond traditional information and communication; recent developments within the last two years include the 2024 launch of the GPU resource allocation AI platform Infidia Studio, DOOROOEYE self-driving security robot, smart farm platform Urban Green Farm, and Lotte Group's AI platform Aimember across affiliates, alongside obtaining Korea's first 40km/h autonomous driving shuttle permit, global opening of CALIVERSE metaverse, establishment of EVSIS America for US market entry, phase 1 demonstration of the Lotte UAM Consortium, CES2024 participation with metaverse and EV technologies, 2023 initiatives such as constructing Seoul Metro Line 9 signal systems, Incheon ITS establishment, NFT partnership with FC Seoul, EV charging collaboration with INNOCEAN, UAM MOU with Lotte E&C and the Ministry of Land Infrastructure and Transport, and industry-academic MOU with Duy Tân University in Vietnam, plus 2022 acquisitions of Vision VR for metaverse expertise and Joongang Control (rebranded EVSIS) for EV charging, MOUs with EPIC Games Korea for Unreal Engine content, Mimic Productions for digital humans, and Ohmio for shuttle commercialization, alongside data business MOU with Agile Soda and self-driving services in Gangneung City.