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071840 on Korean Stock Exchange

Lotte Himart

Logo: Lotte Mart, Public domain, via Wikimedia Commons3

South Korean electronic goods retailer

Lotte Hi-Mart (Korean: 하이마트) is a South Korean retailer of electronic goods. It was originally a unit of bankrupt Daewoo Electronics that founder Seon Jong-koo spun off in 1999. Hi-Mart is headquartered in Seoul.2 It is part of Lotte Shopping.1 Its shares trade on Korean Stock Exchange under the symbol 071840.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1993Founded1

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  • Ticker071840 on Korean Stock Exchange1
  • Industryretail1
  • HeadquartersGangnam District1
  • Websitewww.himart.co.kr
  • Legal formjoint-stock company1

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Lotte mart Sangmu branch 20190521 180530
Photo: LERK, CC BY-SA 4.0, via Wikimedia Commons5

Lotte Hi-Mart (Korean: 하이마트) is a South Korean retailer of electronic goods. It was originally a unit of bankrupt Daewoo Electronics that founder Seon Jong-koo spun off in 1999. Hi-Mart is headquartered in Seoul. Hi-mart was taken over by Lotte Corporation on July 6, 2012.2

Corporate structure

Lotte Himart is part of a group headed by Lotte Holdings. 19 entities, 5 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

The story

Seon Jong-koo was formerly employed by Daewoo Electronics. When the company went bankrupt in 1999, he joined a spin-off company that became Hi-Mart.

In June 2008, South Korean chaebol Eugene Group acquired 32.4% of Hi-Mart. in June 2010, the company went public.

In July 2012, Lotte Corporation acquired a 65.3% of Hi-Mart for $1.1 billion. Hi-Mart operated 290 stores in Korea, controlling 35% of the market. The acquisition was maneuvered in the midst of a scandal about its founder and CEO, Seon Jong-koo, accused of embezzlement totaling $228 million. In April 2012, one witness jumped out his apartment's window after being questioned by Korea's justice about bribing Seon Jong-koo. In December 2014, Seon Jong-koo was replaced by Lee Dong-woo. He was the second largest shareholder of the company and heavily supported by Hi-Mart's employees.

In October 2012, the deal was approved by the Korea Fair Trade Commission and the company announced it is changing the stores' names to Lotte Hi-Mart.

From Wikipedia’s article on Lotte Hi-Mart, shared under CC BY-SA 4.0.4

Products and brands

  • shopping mall

Listed on Wikidata.1

Subsidiaries and ownership

Parent company

From Wikidata.1

Timeline

  1. 1993Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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