Lotte's hotel unit likely to file South Korea's largest IPO in recent years

Seoul

RETAIL conglomerate Lotte Group said its unit Hotel Lotte Co will submit an application for a public listing in South Korea on Monday, in what could be the country's largest public offering in recent years.

Lotte Group didn't comment on the size or timing of the offering in a statement sent through a text message. The Korea Stock Exchange typically takes 20 to 45 business days to process such applications.