Lotte Food Co.,Ltd. acquired 50% stake in LOTTE-Nestle Co. Ltd. from LOTTE Corporation for KRW 34.2 billion.

LOTTE FOOD CO., LTD. is a Korea-based company principally engaged in the manufacture and sale of food. The Company operates its business through three segments. The Oil and Fat segment provides margarines, butters, shortening, cooking oils, whipped creams and emulsified fats. The Ice Cream segment manufactures products such as ice cream, powdered milk, milk and others. The Processed Meat segment offers hams, sausages, fish meat, canned hams, meat patties, fired meat, hot dogs and meat. The Company distributes its products within domestic market and to overseas markets.