Banseog note · Oct 25, 2026
Lotte Wellfood — consolidating production at home and filling its plants abroad
- Where it stands now
- Restructuring — consolidating domestic production sites and shifting weight to India and the wider Asian business
Revenue for the first half of 2026 was KRW 2.183 trillion, up 7.0% year on year, and operating profit was KRW 100.4 billion, up 98.0%.
Revenue from overseas subsidiaries in the second quarter of 2026 was KRW 311.2 billion, up 28% year on year.
Korea's National Pension Service public workplace data shows 5,384 people on the pension register in August 2026, down 481 (8.2%) from October 2025.
- Three decisions within a year
- Reorganizing the domestic production network: production is being consolidated into hub plants such as Gimcheon, while investment continues at major plants such as Cheonan and Pyeongtaek.
- Integrating and expanding the India business: the confectionery subsidiary and the ice cream subsidiary (Havmor) have been combined under a 'One India' structure; a fourth Choco Pie line was installed at the Haryana plant and local production of Pepero has begun. Utilization at the Pune ice cream plant rose from 32% in 2025 to 61% in the first half of 2026.
- Korea–Japan food joint venture: in early July 2026 the company set up a joint venture in Singapore with Lotte Co., Ltd. of Japan to run the two companies' Asian businesses together. The venture integrates production, sales, logistics and marketing and is responsible for building mega brands and entering new markets.
- Three people it will look for
- Overseas plant production and operations manager — the new lines at the Haryana and Pune plants in India must be filled and utilization raised
- Asia business strategy and PMI lead — under the Singapore joint venture, production, sales and logistics of the Korean and Japanese companies must be aligned
- Production planning and SCM lead — after the domestic plant consolidation, volumes and the supply chain must be re-planned around fewer production sites
- For HR
- People who run overseas plants and integrate Asian businesses are also sought by other large confectionery and food companies expanding production abroad. With the new India lines and the joint venture just starting to run, now is the time to hire on-site leaders.
- For job seekers
- Experience bringing a food plant on line in an emerging market such as India, or integrating production and logistics across several subsidiaries, is what this company values most right now.
A reading written from public sources. Sources: Seoul Times News 2026-09-16 (first-half results), News Post 2026-10-14 (Q2 overseas subsidiary revenue), Bloter 2026-09-21 (domestic plant reorganization, One India, Haryana and Pune utilization), The Financial News (Newsis) 2026-06-30 (Singapore joint venture), Korea's National Pension Service public workplace data (headcount). Team size is from Korea's pension register.