All posts tagged "chaebol"

  • Lotte Group Chairman Shin Dong-bin apologizes in a press conference at Hotel Lotte in Seoul on Aug. 11, 2015. (Yonhap)
    Lotte founder asks prosecution to investigate his son

    SEOUL (Yonhap) — The Lotte Group founder on Tuesday asked the prosecution to investigate his son for allegedly obstructing business as the family is locked in a bitter succession feud between siblings. Shin Kyuk-ho filed the charges...

    • Posted December 1, 2015
    • 0
  • Shin Dong-joo of Lotte (Yonhap)
    Lotte founder’s first son files lawsuit further fueling family feud

    TOKYO (Yonhap) — The eldest son of the Lotte Group founder said Thursday he has sued the chief of Lotte Holdings Co. for the head’s role in driving him out, waging a sideline attack against his younger...

    • Posted November 12, 2015
    • 1
  • In this Tuesday, Aug. 11, 2015 file photo, Lotte group Chairman Shin Dong-bin issues a public apology at Lotte Hotel in Seoul, South Korea. When South Korean Chung Yu-suk read an article about retailer Lotte's chocolate ads featuring a Japanese figure skating star, he was so angered he started an online group urging Koreans to boycott their country's top retailer. Chung is one of a growing number of South Koreans vowing to punish Lotte after a family battle for control of the company spilled out in public and highlighted their deep links to Japan, Korea's former colonizer. (AP Photo/Lee Jin-man, File)
    Lotte founder’s first son wants compromise in sibling rivalry

    SEOUL (Yonhap) — Shin Dong-joo, the Lotte Group founder’s oldest son, said Wednesday that he wants things to return to how they were before the sibling squabble erupted over control of the conglomerate, proposing a compromise with...

    • Posted October 21, 2015
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  • South Korea's national flag is hung on the Lotte World Tower under construction in Seoul in this file photo taken on Aug. 7, 2015 (Yonhap)
    39 chaebol minors own $85 million worth of shares

    Thirty-nine minors of conglomerate-owner families hold shares of affiliates worth about 100 billion won ($85 million), data shows. According to data from the Fair Trade Commission — requested by the National Assembly’s National Policy Committee’s Rep. Shin...

    • Posted September 17, 2015
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  • South Korea's national flag is hung on the Lotte World Tower under construction in Seoul in this file photo taken on Aug. 7, 2015 (Yonhap)
    Lotte skyscraper faces image problem over family feud

    SEOUL, Aug. 31 (Yonhap) — When South Korea marked its 70th anniversary of independence from Japan’s colonial rule on Aug. 15, Lotte Group, a retail conglomerate based both in Seoul and Tokyo, hung up a huge Korean...

    • Posted August 31, 2015
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  • lotte chaebol
    S. Korea moving to reform chaebol after Lotte episode

    (Yonhap) — The government and the ruling Saenuri Party are moving to reform the ownership structure of the country’s family-run conglomerates amid public backlash over an escalating power struggle in Lotte Group, official sources said Wednesday. Lotte,...

    • Posted August 6, 2015
    • 2
  • Lotte Group Chairman Shin Dong-bin talks to reporters upon his arrival at Seoul's Gimpo International Airport on Aug. 3, 2015. (Yonhap)
    Lotte union leaders back founder’s younger son

    SEOUL, Aug. 5 (Yonhap) — Union leaders at Seoul-based Lotte Group affiliates on Wednesday threw their support behind Chairman Shin Dong-bin amid a fierce family feud over control of the sprawling business empire. “We send our utmost...

    • Posted August 6, 2015
    • 1
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