Lotte Group Chairman Shin Dong-bin underscored the importance of innovation in the group’s existing businesses during a meeting of CEOs of the group’s affiliates, Friday, amid a slowdown in the conglomerate’s efforts to transform its business portfolio to be more future-oriented.

According to Lotte Corp., the group’s holding company, Lotte held its biannual Value Creation Meeting for the second half of this year. The meeting was attended by more than 80 CEOs, executives and top leaders of Lotte companies, including the chairman.

The group has been holding the meeting as a top decision-making vehicle for discussing managing policies and medium- to 추천 long-term strategies.

The holding firm said Friday’s meeting focused on exploring plans to improve the competitiveness of its existing businesses to overcome pending uncertainties, as well as reviewing the progress of its new businesses.

“Even in the face of unforeseen crises, it is our responsibility to build a company that overcomes challenges and continues to grow,” Shin was quoted as saying. He also urged CEOs to maintain a sense of urgency in achieving business goals and revitalizing the company despite the uncertainties in the business environment.