Lotte chief gets suspended sentence, keeps leadership intact
IndustryDec 22, 2017
Lotte Group chief Shin Dong-bin heaved a sigh of relief Friday as he was given a suspended sentence by a local court on charges of embezzlement and breach of trust, keeping in place his leadership over the nation’s largest retail giant. The court, however, sentenced his father and group founder Shin Kyuk-ho to four years in prison. He was not taken into custody because of his failing health. From left: Lotte Group Chairman Shin Dong-bin, Lotte founder Shin Kyuk-ho and former Vice Chairman Shin D