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All posts tagged "Lotte"

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  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 chief apologizes for family feud, vows governance reform

  SEOUL (Yonhap) — Shin Dong-bin, the head of the country’s No. 5 conglomerate, apologized Tuesday over the group’s much-criticized succession feud and pledged to make the retail giant’s murky governance structure more transparent. Lotte is embroiled in...

  • Posted August 11, 2015
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  Lotte indicted over poor construction management of its skyscraper

  SEOUL (Yonhap) — Lotte Engineering & Construction Co. was indicted on charges of poor management of the construction site of its skyscraper in Seoul, prosecutors said Monday. The move comes amid a family feud of Lotte founder...

  • Posted August 10, 2015
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  Lotte to create 24,000 new jobs by 2018

  SEOUL (Yonhap) — South Korean retail giant Lotte Group announced plans Friday to hire 24,000 new workers by 2018 in what is seen as efforts to allay escalating criticism over an ugly family feud for control of...

  • Posted August 7, 2015
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  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
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  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
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  Anti-Lotte sentiment rising in S. Korea

  Consumer groups plan to launch boycott campaign By Lee Hyo-sik The escalating family mudslinging at Lotte Group is triggering a public uproar as consumers are exasperated by the “foul infighting” over control of the country’s fifth-largest conglomerate....

  • Posted August 4, 2015
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