Tech M People: Lotte's Heir Shin Yu-ryeol Targets 'Bio' as Next Growth Engine... Expanding New Business Investment Scope

Lotte's next-generation leader, Shin Yu-ryeol, head of the Future Growth Division (Vice President), is prioritizing the bio industry, signaling a shift in the group's growth strategy toward biotechnology. Analysts note that Lotte is moving beyond its traditional petrochemicals and retail sectors, aiming to establish bio as a long-term core business. Recent investments and the establishment of a large-scale bio campus in Incheon, expected to enhance global CDMO capabilities, underscore this strategic shift. The industry highlights Incheon's status as a global bio cluster, attracting attention for its robust R&D and production infrastructure.