Lotte’s key finance man questioned in growing probe

[THE INVESTOR] Lotte Insurance chief executive Kim Hyun-soo has been summoned for questioning in the prosecution’s probe into Lotte Group. He has been summoned as a witness.

Kim served in accounting rolls in Lotte Department Store from 1987 to 2014. From 2007, he was in charge of the company’s finances. 
 
In serving as the company’s finance chief, Kim is said to have managed personal funds of Lotte Group founder Shin Kyuk-ho, and current chairman Shin Dong-bin.

The prosecution is said to be focusing on determining the nature of the 30 billion won (US$26 million), the two Shins received from Lotte Group companies each year.

By Choi He-suk (cheesuk@heraldcorp.com)