Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Contentious grain bill put directly to plenary meeting for vote

    Contentious grain bill put directly to plenary meeting for vote
  2. 2

    Yoon's approval rating plunges to all-time low

    Yoon's approval rating plunges to all-time low
  3. 3

    Will tug-of-war between doctors, government end soon?

    Will tug-of-war between doctors, government end soon?
  4. 4

    Climate impacts set to cut 2050 global GDP by nearly a fifth

    Climate impacts set to cut 2050 global GDP by nearly a fifth
  5. 5

    Trilateral talks acknowledge ‘serious’ slumps of won, yen

    Trilateral talks acknowledge ‘serious’ slumps of won, yen
  1. 6

    [Graphic News] More Koreans say they plan long-distance trips this year

    [Graphic News] More Koreans say they plan long-distance trips this year
  2. 7

    [KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs

    [KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
  3. 8

    North Korea removes streetlights along cross-border roads with South

    North Korea removes streetlights along cross-border roads with South
  4. 9

    Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official

    Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
  5. 10

    Farming households dip below 1m for first time in 2023

    Farming households dip below 1m for first time in 2023
소아쌤

Lotte’s medical service plans off to smooth start

By 최희석

Published : Oct. 19, 2016 - 13:58

    • Link copied

[THE INVESTOR] Hotel Lotte announced on Oct. 19 that it has been selected as the preferred bidder for Neul Proon Medical Foundation.

The foundation operates Bobath Memorial Hospital, but entered rehabilitation process in September 2015. At the end of last year, the hospital’s assets stood at 101.3 billion won (US$ 90.19 million) and debt at 84.2 billion won. The cost of taking over the hospital is estimated to be over 100 billion won. 



Hotel Lotte is reported to have put in the largest bid. If successful, it will mark Lotte Group’s first foray into the medical services industry.

Hotel Lotte said that the company hopes to expand its social responsibility projects using the hospital’s facilities.

By Choi He-suk (cheesuk@heraldcorp.com)

More from Headlines