Sunday, April 23, 2017

Lotte Chairman Shin Dongbin prohibits departure off ... Management, parallel trial

[Korea gimeunji financial newspaper reporter] prosecution of the travel ban for the Lotte Group Chairman Shin Dongbin foot was tied to the country was lifted recently.

23 days, according to the legal and business community of Justice recently released a departure ban that was down to the new president. Choesunsil will together under a parliamentary investigation nongdan fact permit after the knot was built investigative special prosecutor indicted without detention on the new headquarters departure chairman key.

Accordingly, new chairman is expected to deal with the management issues in earnest splits his time between Japan and China operations.

Whilst Lotte has complained that the suffering tied to the president of the new group chief feet managerial difficulties. New president did not respond to external factors such as Saad retaliation due to depart prohibited.

Sade grounds provided after experiencing the difficulties that many local Lotte Mart China has beaten the sales stopped, plunged even sales of Chinese tourists was high dependence Lotte Duty Free. As Sadd followed by reprisals in China Lotte retail sector are estimated to record more than 1 trillion won in lost revenue the first half.

In addition to other stranded gap of the new president sindongju brother, former Japanese vice chairman of Lotte Holdings (SDJ Corporation Vice President) This went back and lit a takeover dispute.

Shin former vice president has a July 21 interview with Japanese Nihon Keizai Shimbun said, "We will propose their own agenda moved back from 6 Lotte Holdings shareholders' meeting scheduled for late May."

New sacked former vice president at the Lotte Holdings Vice President in January 2015. But after his father naesewo Executive Chairman Shin Kyuk-ho July 2015 assumed the agenda dismissed the new president of the Japanese Lotte Holdings directors it has failed the bar.

New president is a situation in which the two countries to come off yawning directly in shareholders' pyosim catch. But deda already been tried for corruption in the management of Lotte position overlaps family until this indictment without detention is likely to be less of a constraint.

New President gotta indicted without detention in October last year to embezzlement, breach of trust charges are currently receiving first trial. Following the last 17 days was charged with additional nights ago on charges of offering a bribe to the president of 7,000,000,000 won re-acquisition of patents related to Lotte World Tower Duty point. During the year the situation is that the 3-4 days per week should be devoted to the preparation and trial attendance.

The first trial preparation date of the alleged bribery case of the new president will take place on the 2nd of next month, the trial of corruption case management is being held next month on the 15th.

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