Hotel Lotte has been recognized for its accounting transparency and reliability in financial reporting.
On September 3, Hotel Lotte announced that it received the top award at the '2026 Korea Accounting Awards' ceremony held at the Maekyung Media Center in Jung-gu, Seoul. This marks the first time a subsidiary of the Lotte Group has won this award.
Now in its ninth year, the Korea Accounting Awards are hosted by the Maekyung Media Group and supported by the Financial Services Commission, the Financial Supervisory Service, and the Korean Accounting Standards Board. The awards recognize exemplary companies that contribute to transparent accounting practices and enhanced financial reliability through a rigorous selection process.
Hotel Lotte was highly regarded for its stable financial reporting system and professional accounting management capabilities, despite its complex business structure, which includes hotels, resorts, duty-free shops, and theme parks.
In particular, the company has proactively addressed key accounting issues by leveraging the expertise of its accounting staff and external experts, thereby enhancing the accuracy and transparency of its financial information.
Hotel Lotte operates its internal accounting management system through a dedicated organization. It conducts annual reviews of internal controls for key processes across its business divisions and manages potential financial risks in advance.
Moreover, despite being a private company, it implements audit responses and internal controls comparable to those of publicly listed companies. Hotel Lotte shares major accounting issues and audit results with its audit committee and closely collaborates with external auditors to incorporate their recommendations.
These efforts form the foundation for strengthening governance, a key pillar of its environmental, social, and governance (ESG) management. Hotel Lotte has adopted the slogan 'Steps Toward a Sustainable Journey' and is actively pursuing various initiatives across environmental, social, and governance areas. It publishes an annual sustainability report that aligns with international guidelines and enhances the objectivity and reliability of its information through third-party verification.
Additionally, the company is continuously strengthening its data-driven management system to ensure the implementation of sustainability management tasks. It plans to enhance management levels to bridge the gap between planning and on-site execution, ensuring that sustainability initiatives lead to tangible changes.
Park In, head of the corporate support division at Hotel Lotte, stated, 'This award is a result of our continuous efforts to enhance transparency and trust across our management, beyond just providing the best service to our customers.' He added, 'In line with the significance of being the first subsidiary of Lotte to win this award, we will continue to improve accounting transparency and the reliability of our financial reporting to become a company trusted by our customers and the market.'
* This article has been translated by AI.
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