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Companies

Conglomerate invests in online market as bricks-and-mortar sales shrink

Lotte’s new logistics hub, slated to open in January, will be the largest of its kind in South Korea. (Photo courtesy of Lotte)

KOTARO HOSOKAWA, Nikkei staff writer | South Korea

SEOUL — South Korean conglomerate Lotte Group will bring the country’s largest distribution center online by the end of January, cutting shipping times to cope with an increasingly competitive e-commerce market.

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