Retail in Asia

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Lotte considering adding cinema to its interests in Indonesia

Lotte Cinema may have expressed interest opening up theaters in 100 locations across Indonesia, but the South Korean operator still has a long way to go before realising that, officials said on Tuesday.

Lotte Cinema, a unit of South Korean conglomerate Lotte Group, has expressed interest in entering several district and municipalities in the country in the past year, said Syamsul Lussa, from the Ministry of Tourism and Creative Economy.

A population of about 240 million with growing purchasing power is a magnet for foreign investors, experts said.

(Source: Jakarta Globe)