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S Korea's Lotte Corp soars in debut on hopes for better governance, returns

Combined valuations for group's main listed firms on Monday some 17 per cent above levels for comparable entities in late September

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Lotte Confectionery, which has previously served as a proxy for the whole Lotte group for many investors, tumbled 13.5 per cent as they switched out of the firm and into Lotte Corp.

Seoul

SHARES in Lotte Corp, the new holding company for South Korea's No 5 conglomerate, soared some 45 per cent on their debut above their issue price, bolstered by hopes for better corporate governance and shareholder returns.

Although the debut comes at a difficult time for the

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