Sri Lanka Tea Board obtains ownership of domain from Korean Lotte Group

August, 15, 2019

Obtaining the ownership of the domain name is an important milestone that the Sri Lanka Tea Board achieved recently prior to this domain name was fully owned by the multinational giant Lotte Group of Companies from South Korea.

The financial value of an important domain such as is immeasurable in today’s business environment and also for Sri Lanka famous who owns the National Brand “Ceylon Tea”.

Therefore Sri Lanka Tea Board together with the Sri Lanka Embassy in South Korea successfully negotiated with the Lotte Group to take over the ownership of the domain to the Sri Lanka Tea Board at no cost.

SLTB chairman & Lotte chairman signed a MoU to hand over the domain name to SLTB at lotte Head Office Seoul, South Korea on 09th August 2019.