Lotte Shopping Secures Yeongdeungpo Station Operating Rights... Department Store to Run for 10 More Years
A Privately Funded Station Department Store Opened in 1991
Lotte Shopping has regained the usage rights for Yeongdeungpo Station, which will allow it to continue operating its Lotte Department Store Yeongdeungpo Branch for the next 10 years.
Lotte Shopping announced on September 1, 2026, that it had been selected as the new operator in the bidding process for Yeongdeungpo Station usage rights conducted by the Korea National Railway. After completing the new contract procedures, Lotte Shopping plans to continue operating the Yeongdeungpo Branch. The contract period is 10 years from the date of signing.
The Lotte Department Store Yeongdeungpo Branch is a privately funded station department store that opened in 1991. Lotte Shopping has been operating it by obtaining usage rights for Yeongdeungpo Station from the Korea National Railway.
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A Lotte Shopping official stated, "We have secured a stable operating period of at least 10 years," adding, "We plan to enhance the competitiveness of the Yeongdeungpo Branch through differentiated product selections and store renovations, and to establish it as the leading department store in the western Seoul market."
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