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Lotte Mall Hanoi Hits $720M Milestone in Three Years

Lotte Shopping's Lotte Mall West Lake Hanoi has reached 1 trillion won ($720 million) in cumulative sales, a milestone for an overseas shopping complex operated by the Korean retail giant, just three years after its launch, the Korea Times reports. The achievement comes as Lotte Group has been reorganizing non-core businesses, completing the sale of Lotte Rental to TPG and securing over 1.3 trillion won (about $1.0 billion) in funds, according to Business Korea. Korean media highlight the Hanoi mall's rapid growth as a rare success for a Korean retail operator abroad, though the Korea Exchange has also flagged Lotte Shopping among 151 companies for persistently low valuations, underscoring the contrast between its overseas performance and domestic market challenges.

  1. Lotte Shopping sets overseas record as Hanoi megamall crosses $720 mil. milestone Korea Times · 2026-11-02
  2. Lotte Group Completes Sale of Lotte Rental to TPG Business Korea · 2026-10-30
  3. Hanwha Life, Hyundai Steel, Lotte Shopping among 151 firms flagged for persistently low valuations Korea Times · 2026-11-01

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