A cooperative agreement in Seoul, capital city of South Korea was signed between central China’s Hubei Movie Cooperation and Lotte Group recently.

Two companies will build a cinema in Wuhan, Hubei’s capital with a total investment of 30 million Yuan (US$3.75 million).

Lotte Group, South Korea's retail giant is a Top500 company. Founded by Shin Kyuk Ho in Japan in 1948 as a bubble gum maker, Lotte Group now runs 44 companies in South Korea, 19 in Japan and 18 in China.