Posted inNortheast AsiaSouth Korea

Lotte founder, 97, dies after usual chaebol drama

The founder of South Korea’s sprawling retail conglomerate Lotte Group has died at the age of 97, company officials said Sunday. Shin Kyuk-ho’s reputation was tarnished in his final years when the wheelchair-bound tycoon was convicted of professional malpractice and embezzling from the firm to benefit his relatives in late 2017. He was sentenced to […]