▲ Lotte ON
Lotte ON, the e-commerce platform under Lotte Shopping, is accepting applications for voluntary retirement.
According to the retail industry on June 15, Lotte ON notified its employees of the voluntary retirement program today.
This marks the first such program in about two years since the company last offered voluntary retirement in 2024.
The program is open to employees with at least three years of service, and the application deadline is the end of June.
Those whose voluntary retirement is approved following an internal review will receive a lump-sum payment of up to 12 months' salary.
The company will also provide 10 million won in tuition support per child for employees with children in college.
Lotte ON was launched in 2020 as an integrated online mall for Lotte Group's retail business division.
As of the first quarter of this year, the company recorded 27.2 billion won in revenue and an operating loss of 5.8 billion won.
While revenue saw a slight decline, the operating loss narrowed by 2.7 billion won compared to the same period last year.
Lotte ON is continuing its efforts to improve profitability by restructuring its business model, with a focus on fashion and beauty categories.
(Photo: Courtesy of Lotte ON, Yonhap News)
※ Please note: This article was translated by AI and may contain errors.