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The chief of South Korean retail giant Lotte Group was sacked on Wednesday as an executive member of Japan-based Kojunsha Corp., the group’s virtual holding firm, in the latest step taken by his elder brother to gain control over South Korea’s No. 5…
The head of South Korea’s Lotte Group yesterday vowed a new era of corporate governance and transparency as he apologized for the family feud engulfing the beleaguered retail giant. In an address broadcast live on TV, group chairman Shin Dong-bin also sought…
Reports from Korea suggest Lotte Group has lost more than 1 trillion won (US$853 million) in China in just three years. Data assembled by CEO Score shows Lotte China made heavy losses between 2011 and 2014 as South Korea’s fifth largest company struggled to…
Turmoil has erupted atop South Korea’s largest retail giant Lotte Group, shining a spotlight on one of the biggest family feuds the country has seen. The week began with 92-year-old Lotte founder Shin Kyuk Ho and his eldest son flying to Japan to fire a group…
