Lotte Cinema started as the Cinema Business Division under Lotte Shopping in 1999 with the concept of focusing on launching a new entertainment era. As part of the rapid growth of the Korean film industry in the early 2000s, Lotte Cinema expanded its market share and is now the second largest multiplex chain in Korea.[2]
Lotte Cinema currently operates 143 sites with 842 screens nationwide in South Korea as a division of entertainment business of the Lotte Group under the name Lotte Cultureworks along with Lotte Entertainment.[3]
History
Lotte Cinema started as the Cinema Business Division under Lotte Shopping in 1999. By September 2003, Lotte Shopping's Cinema Business Division had been involved in the planning and production of movie imports, distribution, investment projects and performances under the name of