All posts tagged "Lotte"

  • 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)
    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 Group Chairman Shin Dong-bin apologizes in a press conference at Hotel Lotte in Seoul on Aug. 11, 2015. (Yonhap)
    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
    • 0
  • In the file photo taken on April 23, 2015, firefighters spray water in front of Lotte World Tower, a 123-story skyscraper, in Seoul's Songpa Ward, as they conduct a firefighting drill. Prosecutors said on Aug. 10, 2015, they have indicted Lotte Engineering & Construction Co. over poor construction management of the building. (Yonhap)
    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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  • (Yonhap)
    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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  • 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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