A [financial newspaper gimeunji Korea News] Shin Dongbin as chairman charged with 'choesunsil Gate, Park Geun-hye, bribery and related charges are expected to be of the Lotte Group business disruptions intensified. New President deda that have already been tried for corruption in the management position overlaps family until this indictment without detention driven in a position to do half a week to attend the court.
New President has resolved issues such as stand in addition to the statutory listing of Lotte Hotel, tentative holding company is also likely to be interrupted.
Also undergoing a facade since most sites offer local Lotte Mart China has beaten the sales stopped, the dependence on Chinese tourists, including also plummeted sales of Lotte Duty Free was high difficulty. However, prospects are still chisel fog.
New President receives a subsequent prosecution was investigating the travel ban. This did not depend on external factors such as the corresponding Sadd retaliation state. As Sadd followed by reprisals in China Lotte retail sector is expected to record more than 1 trillion won in lost revenue the first half.
Prosecutors Special Investigation Division is the 17th prosecution arrested former President Park Geun-hye to bribery and indicted without detention on the Lotte Group Chairman Shin Dongbin. This is in accordance together Lotte K Sports Foundation, appeared determined to add to 'bribe'.
Lotte in November 2015 and lost the patent for Lotte Duty Free World Tower Branch. But last March new President Park Geun-hye and former president of the dokdae immediately after the government announced plans to add a duty-free shop in Seoul.
Lotte has appeared a total of 45 billion in Mir · K Sports Foundation, the defense silse choesunsil said in January last year, receiving laugh Co. suspicion. Since March the President of dokdae new president and the night before, in May it led to the additional contributions K Sports Foundation Group-wide.
Choi associated with January of last year after the establishment of "The Blue K ', and built a complex sports facilities, with the support of large facilities operating to intervene in two related businesses of K Sports Foundation dominate the personnel and operating rights It planned to take on a more blue Kay profit business.
Last year, demanded the end of May, Choi sides Hanam sports facilities erected a nominal add K Sports Foundation Lotte contributions 7,000,000,000 won, 7 billion won received from Lotte was returned to the Lotte Group management corruption investigation just before that prosecution last June.
This third party for former President Park for returned 70 billion bribery charges, new presidents have been subject to bribery charges.
The special prosecutor is reported to have solicited prior to the Lotte Chairman Shin in the context of Duty World Tower endpoint's operating loss of patent President Park "dont regain the duty-free patent".
Accordingly, the trial in connection with the bribes that the new president and the instructions laid down, or seems to be that you have received a report from management issues.
Lotte "I will sincerely cooperate so that no doubt may be calling from a trial" immediately after the announcement of the indictment without detention policy for the new president he said.
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