Business · Companies · 1 hr ago
Lotte Duty Free expands ESG support for small business partners
Lotte Duty Free, a South Korean duty-free retailer, is continuing its support program for small business partners for a fourth year.
It will contribute 50 million won to provide tailored environmental, social and governance training and consulting to up to 10 companies.
The program uses standards set for small businesses and adds help with sustainability reports for returning participants who want it.
Companies that meet ESG targets may qualify for a certificate that can bring lower loan rates at major banks and extra points in overseas-support applications.
Small business partners can apply from October 13 by emailing Lotte Duty Free’s partnership team.
The company also offers partners other support, including a shared loan fund, recruitment assistance and ways to promote their brands.
Lotte Duty Free will continue its ESG support programme for small and medium-sized business partners for a fourth consecutive year.
The company signed an agreement for the 2026 programme with the Foundation for Cooperation between Large and Small Businesses, Agriculture and Fisheries.
It will contribute 50 million won to provide tailored training and consulting for up to 10 partner companies.
This year’s programme adds support for existing participants that want to publish sustainability management reports.
Companies with strong compliance with ESG indicators may qualify for a certificate that offers loan-rate benefits and points in overseas-support applications.
- Who
- Lotte Duty Free and the Foundation for Cooperation between Large and Small Businesses, Agriculture and Fisheries are running the programme for small and medium-sized partner companies.
- What
- They signed an agreement for ESG training and consulting, funded by Lotte Duty Free.
- When
- The agreement was announced on October 13, 2026. Applications opened that day.
- Where
- Not stated
- Why
- To help small and medium-sized partners strengthen their ESG management capabilities and build sustainable growth.
This story does not have two clearly opposing sides.
Lotte Duty Free became the first company in the duty-free industry to join an ESG support programme for partners.
Lotte Duty Free announced that it had signed an agreement for the 2026 programme and opened applications to partner companies.
- Funding
- 50 million won in mutual growth cooperation funds
- Eligible companies
- Up to 10 small and medium-sized partners
- Programme duration
- Fourth consecutive year
- New support
- Help publishing sustainability management reports for existing participants that want them
- Loan fund
- 500 billion won operated with IBK Industrial Bank of Korea and Shinhan Bank
What people are saying
Through the partner ESG support programme, now in its fourth year, we are helping small and medium-sized partners strengthen their ESG capabilities and build self-reliance.
We will continue to expand support policies that provide practical help in improving our partners’ competitiveness and build a cooperative growth ecosystem in which we grow together.
Sources
Related news
Hyundai Green Food adds care support for employees’ older relatives
APR shares fall as forecast points to weaker-than-expected third-quarter profit
Shoemarker shoes to be available for delivery through Baemin in South Korea
Samsung Electro-Mechanics executive honored for MLCC technology work
Broadcom and Intel CEOs warn funding could limit AI growth
Woori Bank gives 10 million won to military remains recovery agency
KIWOOM ETF to pay 146 won per share in October distribution
Southeast Asia emerges as a market for South Korea’s KF-21 fighter
KOSPI triggers five-minute trading halt as losses exceed 4%
South Korea’s Kospi falls more than 6% below 6,000
Won trades in the 1,330s as Samsung dividend and US rates pose risks
