Nestlé Korea has announced that it has agreed to form a joint venture with the LOTTE Group, a leading Korean conglomerate, to be called LOTTE-Nestlé (Korea) Co. Ltd.
The new joint venture, which is subject to regulatory approval, will manufacture, distribute, market and sell Nestlé’s Nescafé soluble coffees, powdered chocolate / malt beverages, powdered fruit beverages, coffee creamers, petcare products and Nestlé Professional products in South Korea.
A new legal entity, Nestlé Korea, fully owned by Nestlé will be formed to manage the remaining product categories and brands not part of the joint venture.
Read the Nestlé Korea press release (pdf, 238Kb)
Visit the Nestlé Korea website
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