Lotte Group's heir apparent joins Japan holding firm's board

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Lotte Group's heir apparent joins Japan holding firm's board - Korea Economic Daily

Quick Summary:

Shin Yoo-yeol, the heir apparent to Lotte Group, has been elected to the board of directors at its Japanese holding company that serves as a link between the Korean and Japanese operations of the retail-to-chemical conglomerate.

The Japanese holding company controls Korea-based Hotel Lotte Co.that is then the largest shareholder of Korean holding firm Lotte Corp., the parent of Korean units focused on confectionary, chemical and retail businesses.

The junior Shin has been leading Lotte Corp.’s future growth office and Lotte Biologics Co.’s global strategy office as executive director since late last year.