Despite Investing 64 Billion Won in the Metaverse, the Business Is Being Scaled Back… Lotte Innovate Brings Physical AI and Data Centers to the Forefront.

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Lotte Innovate, an IT service affiliate of Lotte Group, is accelerating its efforts to recover profitability by redefining business priorities centered on artificial intelligence (AI) and data centers. It has been revealed that "Caliverse," which Lotte Innovate acquired in 2021 to enter the Metaverse business, has been effectively excluded from its core future business. This is interpreted as a move to restructure and downsize the business, as C…