South Korea's Lotte Confectionery Co. will change its name to Lotte Well Food, effective April 1, to reflect its commitment to wellness and emphasize its status as a fully integrated food company.
The decision was made at a regular shareholders' meeting.
The company is seeking to solidify its identity as a globally integrated food company beyond its confectionery business.
Lotte Confectionery merged with Lotte Food in July 2020, broadening its business range to include convenience food, meat processing, and oil processing.
