Lotte Chairman Shin Dong-bin will visit Israel, which is called the world's most innovative country. According to Lotte, Shin is scheduled to hold a series of meetings with local political and business officials, including a meeting with the Israeli minister of economy and industry on Aug. 11.
Israel's start-ups are centered on high-tech technology bases, and there are many companies listed on the Nasdaq after the U.S. and China. A growing number of global venture capitals and IT companies are paying keen attention to Israeli startups and increasing investment in them.
Lotte is also known to have long been interested in Israeli start-ups with high-tech technologies. In particular, Lotte, which has been pushing to establish an omni-channel and strengthen its e-commerce competitiveness in the retail sector, is paying attention to AI, Big Data and logistics fulfillment, and is expected to discuss ways to cooperate with officials in the field during this visit.
Shin is scheduled to meet with Israeli Economy and Industry Minister Eli Cohen on Aug. 11. The Israeli government's support system for startups and technological innovation, an introduction to excellent startups and Lotte's investment in startups will be shared. On Aug. 12, he will meet AdibBarcuh, president of the Israeli Export Corporation.
Since then, Shin will visit Israeli representative startups, new tech companies and research centers, including a leading agricultural technology company called "TEVEL," "The Kitchen," a food technology incubator for Israel's largest food company Strauss, "Pitango Venture Capital," Israel's top-level investment firm, and "The Bridge," a startup support program of Coca-Cola.