• Bloomberg


The family feud at Japanese-Korean retail giant Lotte Group has intensified as Chairman Shin Dong Bin’s older brother attempts to oust him from one of the conglomerate’s key companies.

Kwang Yoon-sa will hold a shareholders meeting Wednesday to dismiss Shin from his director position and will hold a board meeting afterward to appoint Lotte founder Shin Kyuk-ho’s older son Shin Dong-joo as chief executive officer, according to an emailed statement from the eldest son’s company.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.