SEOUL, Oct. 17 (Korea Bizwire) — The top court’s ruling on Lotte chief has cleared uncertainties over the conglomerate’s business plans, industry officials said Thursday, as it is expected to push for the listing of a hotel unit to complete its holding company structure. Shin Dong-bin, who heads the country’s fifth-largest conglomerate by assets, was [...]
SEOUL, Dec. 4 (Korea Bizwire) — South Korea’s retail giant Lotte Group is considering expanding investment in Vietnam, industry sources said Tuesday. According to the observers, Lotte Group Chairman Shin Dong-bin met Hanoi’s Chairman of the People’s Committee Nguyen Duc Chung on Tuesday and insisted that the conglomerate is open to expanding investment in the [...]
SEOUL, Oct. 8 (Korea Bizwire) — The head of South Korea’s fifth-largest conglomerate, Lotte, returned to work on Monday after an appeals court suspended his sentence on bribery charges, releasing him from prison. Lotte Group Chairman Shin Dong-bin was briefed by Vice Chairman Hwang Kag-gyu and other executives during a weekly meeting over pending issues [...]
SEOUL, Feb. 13 (Korea Bizwire) — South Korean retail giant Lotte Group was thrown into disarray Tuesday as a Seoul court sentenced its chairman to 30 months in prison for bribery. The sentence handed down to Shin Dong-bin, by the Seoul Central District Court, caught Lotte officials off-guard, as they did not expect a jail [...]
SEOUL, Feb. 8 (Korea Bizwire) — The head of South Korean retail giant Lotte is planning to stay in PyeongChang throughout the Winter Olympic period to carry out sports diplomacy, company officials said Thursday, with the international event now just one day away. Lotte Group Chairman Shin Dong-bin will head to the alpine town of [...]
SEOUL, Dec. 14 (Korea Bizwire) – South Korean retail giant Lotte is in disarray as its head is facing two possible jail terms in the coming weeks over bribery and other charges, industry watchers said Thursday. Lotte Group Chairman Shin Dong-bin is accused of giving 7 billion won (US$6.43 million) in bribes to a foundation run by ex-President Park Geun-hye’s friend Choi Soon-il as he sought favors in winning a government license [...]
SEOUL, Dec. 7 (Korea Bizwire) — South Korean retail giant Lotte faces a bumpy road as it moves to adopt a holding company system even though it has sharply cut the number of units that own one another, industry sources said Thursday. In early October, Lotte established the holding firm, Lotte Corp., in a bid [...]
SEOUL, July 18 (Korea Bizwire) – The head of retail giant Lotte Group said Tuesday the conglomerate needs to expand investment targeting its lucrative businesses to further expand presence in the market, as it is suffering from a series of troubles at home and abroad. During a meeting with the group’s senior executives, Lotte Group [...]
SEOUL, July 10 (Korea Bizwire) – The head of South Korean retail giant Lotte vowed on Monday to boost the group’s transparent management as it attempts to tide over a string of troubles through a governance shakeup. During an IR session held in Tokyo, Lotte Group chairman Shin Dong-bin said his group will be able [...]
SEOUL, Jul. 10 (Korea Bizwire) — The CEO of South Korean conglomerate Lotte Group is expected to move into Lotte World Tower in the coming months, shortening his commute to a mere elevator ride, materializing to commute to and from work in a ‘vertical city’ sort of. According to statement from Lotte released on Saturday, Shin [...]