Lotte 家 eldest sindongju 'property seizure "notice father Shin Kyuk-ho

[Korea gimeunji financial newspaper reporter] SDJ sindongju Corporation Chairman Shin Kyuk-ho's father, it is possible seizure of property of the new general president, general manager for Lotte Group chairman sent a notarized document execution.

Before January sindongju President paid a gift tax of 212.6 billion won a whole new chairman instead. At the time SDJ Corporation said that "taxes are paid, but temporary, necessary funds sindongju Executive Chairman Shin Kyuk-ho after President SDJ one payment plans to reimburse them through the disposal of such assets held have time," he said.

This means that the new general president of the new president SDJ have to pay gift tax loaned.

According to the business community and two days Lotte Group Chairman Shin SDJ spent a month 15 days written notice seizure property notarization of certain documents under the new general president of the law firm for 20 days. The new document contains a debtor Executive Chairman, reportedly stated the new president SDJ to creditors.

"It is of course a whole new chairman and new chairman rich SDJ relations are routinely caught as collateral debt persons" SDJ Corporation is a perspective side this regard. On the other hand, the tip may also be holding my head was a move aimed at observing the wealth of his father secured a new president who SDJ to God on behalf of the Executive Chairman paid a gift tax of 200 billion won.

Lotte Group is planning to take legal action through the chief of staff for the new president SDJ. Deda hard to see that the place of the father, though sufficient repayment capacity of the new general president of the taxes paid to date and is intended purely a stance that take measures to prevent the seizure of property, new general president.

New Executive Chairman also gotta admit that psychological problems were limited to the ruling of the court of guardianship target. It is difficult to understand common sense explanation to give a whole new chairman of the state wanting this money has yet agreed to the seizure of property in the name of debt repayment.

Last January 31, sindongju SDJ Corporation Chairman announced that the fully paid 212.6 billion won donation charged to oversee the Lotte Group Chairman Shin Kyuk-ho's father. The payment deadline was until January 31. At the time God SDJ president said that "new Executive Chairman does not hold enough cash to pay all at once large sums of taxes," he said "installment payments, considering such soft Solders but in any case determined the stocks or real estate holdings inevitably had to be sold in accordance with the tax payment schedule, "he said.

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Lotte Duty Free home once paralyzed "中 confirmed DDoS attacks."

[Korea gimeunji financial newspaper reporter] was estimated to be 2 pm Lotte Duty Free Main occurred DDoS (Distributed Denial of Service) attacks can be associated with one billion won damages. Player Traffic is the explanation did not have a lot of damages and not a lot of time, thanks.

According to Lotte Duty Free it has access failure in two days around midday Lotte Internet Duty Free Shop, Chinese, Korean and English, ilmun website.

Lotte Duty Free is estimated to have caused the connection failure with DDoS attacks using local Chinese IP, the state police confirmed the investigation and spiral them.

The first DDoS attack is detected through dwaeteumyeo Chinese website last day 20:00, we have added DDOS attack until 8:30 pm the day was a failure to connect Chinese home site.

Lotte Duty Free, the day before the site was paralyzed by its own security system to defend one hours, but the recovery site in 30 minutes prior to the start duty-free generation site access delays 11 am two days at noon.

Four languages ​​Main failures were recovered two days 15:00. Lotte Duty Free plans to fully recover after 6:00 pm Duty Free internet service through additional measures, such as enhanced security system.

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Defense, Sade signed with Lotte land swap agreement

[Korea gimeunji financial newspaper reporter] Lotte Department of Defense and the US forces 28 days altitudes signed a land exchange agreement to secure place missile defense systems (THAAD · Sadd) Lot.

The two sides agreed to exchange military paper in November last year, Lotte Sky Hill lord CC (lord golf courses) and is located in North Gyeongsang Province Namyangju game seongju county chojeonmyeon, it signed today (28) the relevant agreement.

Day exchange contract is a Pentagon information is passed to the Lotte remove the gunyongji of Namyangju as corresponding to the same value instead of receiving the lord golf course grounds.

The value of the result lord Golf proceed with the appraisal it was 100 billion won were determined at a level that does not exceed the exchange destination site is about 148 million land lord golf course is about 6.7 million ㎡ paper and Namyangju County ㎡.

As Sadd exchange contract is Lot Korea and the United States SOFA Agreement (SOFA) enters an agreement for the donation site. PLANNING through the basic environmental impact assessment, including facility construction plans place a year Sadd.

In addition lord golf course is designated as a protected military zone as the contract is signed. 50th Infantry Division to cooperate with the police to conduct border operations for the land lord Saad Golf protected.

This Saad was the biggest obstacle dwaeteuna land exchange issue is China's economic retaliation to finish this opportunity of placing this may be done more openly.

Let's approval 27 days to provide the lord Lotte golf course grounds by Saad China raised the water level blamed for the country and Lotte.

Chinese state media 27 days through the Old Town to see private environment said, "Saad arranged the withdrawal of South Korea is not an option, China is required to take all necessary measures for the land exchange agreement Saad this place."

Old Town Internet Exchange viewing survey results and also mentions "Lotte is necessary to provide the sanctions Saad grounds," he said in answer dalhaetdago response is 95.3%.

Some observers have reported on March 15th that China can "Day of Consumers' consumer complaints in the related products as Lotte programs to eliminate the possibility of spotlights.

Lotte has currently 24 subsidiaries in China and advance to the employees who work in the 20,000 local level. Lotte Mart, jungyimyeo around the department operates more than 120 stores in China that is going on in sales is 3.2 trillion won in size.

It also relies on sales to 80% of Lotte Duty Free to Chinese tourists.

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Saad Land Contract Lotte shares tow weak

[Korea hyerin nine financial newspaper reporter] Yesterday, the shares geurupju Lotte Lotte tow bearish news on the side that accepts the land exchange proposal Saad (THAAD) deployment.

11:30 am 28 days compared to the previous trading day based on the securities market that Lotte Group, Lotte Confectionery (-3.23%), Lotte Chilsung (-2.52%), Hi-Mart (-1.02%), Lotte Insurance (-0.82% ), Lotte Shopping (-0.64%), and record the Lotte food (-0.47%), in order of weak Lotte Tour development (-0.26%).

Lotte Chemical, Lotte Chilsung preferred shares, which do not only Lotte Fine Chemicals Saad affected.

According to the Pentagon, the day before Lotte Sky Hill, owner of Lotte Trading CC (lord Golf Course) passed a proposal to open the site provides the Board of Directors. Lotte Department of Defense is the one side and the bay about three months, agreed to exchange the lord Namyangju, Gyeonggi Golf and County-owned land.

Land has signed exchange took place rapidly. Lotte Department of Defense and the day has completed the land exchange agreement, lord golf course was designated as a military reserve.

Doctors have expressed strong opposition, while Lotte official decision the Department of Defense and the pressure of the Chinese side exchanged Saad site is expected to be more visible.

Yesterday geongswang Chinese Foreign Ministry spokesman, "The United States and South Korea to promote Saad destroy the strategic balance in the region and undermines the safety and interests of the neighboring countries, including China," and "will take the necessary measures for China's security and interests in it depending consequences were strongly warned the US and South Korea will have to deal with. "

It is also ahead of the withdrawal of the old town to see the recent exchange in Shenyang, China Lotte World Lotte flag and construction stopped at the shop mall Alibaba Tian Mao argued that consideration of the grounds provided Saad.

Saad place blame captain of the Chinese media is also expected to further decline as the price of this blatant.

Hi Investment & Securities yeomjiyun researchers' after Saad Lot exchange of Lotte is reported jungyimyeo deal allowing public opinion in China also share an Saad issues, Internet On has an increasing number of negative references to Korea now 'said,' China sales higher South Korea shares of companies is expected for the time being inevitable adjustments "he said.



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A special counsel, SK · Lotte · CJ Group yicheop investigation to prosecutors

He said the [financial newspaper gimeunji Korea News] Park, Young - Soo will be special inspection team to take over a large investigation 28 days, the last day the investigation to the prosecution. A special counsel collectively arrested five members, including the leadership of Samsung and Samsung Electronics Vice Chairman Lee Jae-yong, but the investigation is concluded SK and Lotte, CJ Group cheohaetda a situation that can not be relieved in the end of the independent counsel.

With 28 days choesunsil Gate Park Geun-hye, the independent counsel investigation related to an official investigation exit towards the other Samsung companies SK and Lotte, CJ groups was given prosecution followed the baton. If you determine that additional investigation is required in the total number of large travel ban, such as SK Group Chairman Chey Tae-won, Lotte Group chairman Shin, Dong - Bin will likely not be released.

SP spokesman yigyucheol teukgeombo gotta related to the alleged "money and goods donated because of the part of Samsung relevant section problem, first suspicions I know that there was a Samsung investigations" and "Samsung related to the most critical national nongdan this teukgeombeop in brief 28 days, and , gotta take a significant portion of time in other investigations related to enterprise investigation did not substantially proceed, "said the position. Also he added, "When I saw the Samsung kept the investigation results may also predicted another large investigation results."

A special counsel is the plan did not loosen until the deadline passes on the departure of the group total ban expires investigation to prosecutors investigating the takeover of enterprises today, all events that have been shut down, including a large investigation to prosecutors three days next month. Prosecutors are investigating the possibility of large reason cited is that the independent counsel had applied Mir · K Sports Foundation contributions of bribery crime punishment law and certain economic embezzlement charges against Samsung's 20.4 billion.

A special counsel is the day prior arrest warrant was indicted gotta detention remaining four people, except for the Vice-President is being detained issued baksangjin Cooperation president, Choi Gee-sung Future Strategy Department mounted (Vice President), jangchunggi Future Strategy Department deputy (president), hwangseongsu Cooperation Managing Director, etc. I raised this name. A special counsel is applied the common law violations charges of bribery to those with specific economic crime punishment law, embezzlement, fled overseas property, proceeds of crime concealment.

This has been interpreted to mean that the same logic can be applied to other large enterprises. A special counsel has calculated the K · Sports Mir Foundation contributions of Samsung bribes amount to a third party. Samsung's Choi said the real-owned Mir · K Sports Foundation have appeared to a 20.4 billion the maximum amount of the leading companies, the special counsel is holding it is difficult to observe avoid another appearance now also be prosecutors death as much as considered as a bribe head is.

By Mir, who now appeared on K Sports Foundation, a total of 53 scale where contributions amounts to 77.4 billion won. The amount appeared in MLR · K Sports Foundation, Samsung has followed most often, followed by 20.4 billion Hyundai's 12.8 billion won, SK 111 billion, LG 78 billion POSCO 4.9 billion, Lotte 4.5 billion, GS 42 billion, Hanwha 2.5 billion, KT 18 billion, LS 16 billion, CJ 13 billion, Doosan 1.1 billion, 1 billion Hanjin and Kumho Asiana 700 million won, Daelim 600 000 000, 500 000 000 New World, and Amore Pacific net 300 000 000, 300 000 000 Irene.

Contributions and related CJ and SK Chairman Chey Tae-won, respectively, involving the amnesty of President Lee Jae-hyun proceeds of doubt, Lotte has fashioned a budget debate such as the World Tower Duty resurrection. In addition, POSCO suspected that one side is involved in various Choi and two personnel officials also reportedly on the lookout for trends in the prosecution.

The prosecution applied to add the charges of the indictment charges Mr. constrained to bribery and concealing proceeds of crime, such as reinsurance mediation choesunsil misconduct in the investigation phase. Also, "I saw that the two men conspired relationship recognized" the special counsel bribery part of the night, Mr. Choi was president, saying the accused be booked together as he said.

A special counsel is planning to pass on the charges after prosecutors accused is expected to respond to President Park along after prosecutors and judges whether the President Park rhetoric accordingly.

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Lotte today, the Council seems to determine the final offer document Saad grounds

[Korea gimeunji financial newspaper reporter] Lotte Group today (27) afternoon to open the Council is expected to confirm a plan that provides a golf course in North Gyeongsang Seongju altitude missile defense system (Prasad · THAAD) site. If the final agreement, the contract immediately or no later than 28 days after the Department of Defense and the land exchange is in fact the Board of Directors Saad land issue is concluded.

Lotte and the Pentagon agreed to swap land owned by the group in Namyangju, Gyeonggi Golf and Lotte lord November. But the opposite Lotte China is pressuring Saad placed on the peninsula, and has fashioned a setback to the land exchange.

Open the past three days Lotte Trading is held by the Board of Directors have reviewed the validity of the transaction lord Golf changing the lord golf course and Australasia had gunyongji is the conclusion.

Lotte side to consider, such as pre-coordination with Ministry of Defence and relations with China, both the Board of Directors For more information, including schedule and under to keep private. Lotte, Lotte or unknown side of the board can make any decisions that turn "as the request is related to national security, we will cooperate as much as possible as a Korea company" has been revealed to the position. Since the internal Lotte becoming jeomchyeo be collected to provide feedback to the lord Golf Saad placement site.

But even naeryeoteum conclusions Lotte internally economic retaliation threats posed by China's Saad place will inevitably be annoying.

The last 21 days to see a ring on the Korean Peninsula, China's state media Kushiro Saad placement decisions, "If you can not change the Lotte position to leave China," he warned, "will deteriorate more and more business outlook, including duty-free imports of Lotte". 19 days, the official Xinhua news agency of China has blamed "will deteriorate more and more business outlook, including duty-free imports of a Lotte, they are playing with fire."

Is a China-related business is sales of 6 trillion won for Lotte. Last year, sales figured in the Chinese subsidiary is about 3.2 trillion, Lotte Duty Free Shop in the Chinese rate of over 70%, sales were a record 3 trillion won level. In addition, Chengdu and Shenyang area Lotte World theme park and the town project to create a large shopping malls, hotels, residential complexes, etc. In the nearly three trillion won is being conducted.

The end of November last year, China Lotte Department Store 150 sites, including five stores, 116 stores of Lotte Mart holds a sanitation inspection, investigation and fire safety, there is also a bar later that audits are conducted simultaneously, such as unusual airflow. China's business fire inspection is a powerful means of sanctions, as well as penalties and corrective measures can go up to discontinued operations.

Dwaeteumyeo high strength survey conducted by the China plant over the same period Lotte Confectionery and Lotte Chemical, Lotte Castle, some model houses were closed up to the requirements. In addition, late last year, Chinese authorities ordered the construction suspended action of Shenyang Lotte Town. The department has already completed and youngpeulraja etc., or during normal operation and construction of the theme park and the apartment was in progress for completion in 2018 aiming It took braking.

Recently tightened restrictions on Korean, the Chinese government has analyzed that the actions of the Chinese government are associated with Saad place out.

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[16 duty-free industry in crisis - Lotte, Shilla fly, makers classic novel "Polarization"

[Korea gimeunji financial newspaper reporter] As we enter the duty free industry is returning polarization is patented and is growing, some companies are likely to face a worst case closed. In contrast to some extent the market is looking for some duty-free duty-free seating it is suffering far to give up management rights dispute.

Fairy tales are on extended duty-free shops would have to pay back the amount reimbursed to the Hotel Shilla in recent years has been trying to advance the interests rather than money reigns. Duty Free celebrated fairy tale situation earlier this year, Louis Vuitton and Gucci subsequently withdrew with many years of deteriorating performance. Here they are suffering from financial difficulties such as shortened even hours.

Fairytale Duty Free sales showed a 81.7 billion won in the fourth quarter of last year. In the second quarter ahead, but sales of 96 billion won New World Duty Free, Duty Free, etc. Duta sales in the third quarter (869 million) a year full statement drew a downward curve.

Only the first half of 2015 was even more than doubled the duty-free shop where geuchyeotdeon 6, a major Chinese tourists Duty Free customers also significantly reduced due to China's economic situation, according to Saad retaliation placement issues. In July last year, the number of Chinese visitors reached 10 000 to 93 people in December 5000 can be interpreted as an effect on the viscosity earnings plunged 42 percent to 540 000 8000 people.

Hanwha Galleria is also a situation such as entering the emergency management system is nokrokchi. Hanwha Galleria Time World Duty Free Galleria, which operates 63 recorded an operating loss of 43.8 billion won last year, only duty-free sector. Last month, Hanwha Galleria executive power had returned voluntarily and 10% two months starting salary director and chajanggeup to join the voluntary return of 100% bonus. The formula reducing the existing bonus was 800% to 700%.

Where facing the bad news is not just a fairy tale Duty Free and Duty Free Galleria 63. Last year, they did not leave the swamp of New Duty Free deficit. Until last year, 1-3 quarter HDC Shilla Duty Free is 16.7 billion won, 37.2 billion won, Shinsegae Dieppe, SM Duty showed an operating loss of 20.8 billion won deficit of Duty Duta also revealed that up to tens of billions of won.

New enterprises in the bottom of the Duty Free Duty Free Duta change the closing time was last May 12 during the initial 2 seconds dawn to midnight and midnight folded shopping service. Duta Duty Free, but explained that unity and some shops open until 2 am was the time of the store was open until 11 pm, the industry has reported that since the middle of the night operating profitability abandoned. Also it happens to occur yicheonwoo Doosan vice president who oversees tax-exempt business due to sluggish business leaving the company.

Thus only the Shilla and Lotte amid market conditions continue to deteriorate this time will be the winner of the New World Duty Free is an expression that threatened the two rivers composition is gaining strength to continue. Restructuring of the industry, it is currently still believed in the inevitable only a matter of time.

Last year, the domestic duty-free sales played a new duty-free the rest of the competition seems merely a 33.5% increase over the previous year have exceeded 12 trillion won for the first time, but a significant increase in sales of Lotte and Shilla were having a pie in one of the remaining four minutes. Last year, the domestic duty-free sales took the No. 1 industry, Lotte Duty Free is 48.7%, 27.7%, is the second largest Hotel Shilla. 5 trillion won last year, Lotte Duty Free, Hotel Shilla has won a record 3 trillion sales representative.

Hotel Silla was recorded in January sikyeotgo successful turnaround of a new monthly HDC Shilla Duty Free Shop Duty Free Shop, New World Duty Free is also the same month monthly surplus distribution utilizing the long experience of its parent company. HDC Shilla Duty Free has succeeded in January sales of 53.2 billion won, operating profit turnaround olrimyeo 125 million won. It is also expected to lead to strong performance by the neighbor is going to be the big three of the Louis Vuitton luxury goods duty free in the first half of this year.

New World Duty Free also entered a growth in sales seen in January, including 75 billion won, operating profit of 1.2 billion won, including the Internet duty-free performance. New World Duty Free has two months Burberry and Tods, Celine and Chloe coming months, such as luxury brand stores are scheduled to open its doors and after another and continues to attract the first half is also in consultation with Louis Vuitton.

On the other hand, Lotte and Shilla Duty Free except for the new world of the future is darkness. Because it is unprecedented that the closure of duty-free real-1990s after another.

Korea duty-free permit system is started for the first time introduced the first application in 1986. After 88 Olympic and Asian Games to attract foreign tourists ilmyeo boom in 1989 the number increased to 29 in downtown duty-free shops across the country. But in the 1990s the situation was right to close down en masse. Deda large compared to the number of duty-free market, Japanese tourists were up to major customers of Duty reduced to blame the collapse of Japan's economic bubble, and a direct hit would hit.

Since the 1990's, including the Shilla Duty Free Shop Busan, Paradise Duty Free Shop in Seoul in 1996 where 10 datatgo the door closed. Following the 1997 financial crisis dakchimyeon up downtown duty-free shops was reduced to 11.

The current situation also hyeongguk not differ significantly from the 1990s that were reshaping the market. Only the first half of 2015 increased the duty-free shop where geuchyeotdeon 6 to 13 this year, Chinese tourists also decreased significantly due to China's economic reprisals according to Saad placement issues. In addition, starting this year will increase up to 20 times at 0.05% of the patent fees paid to government revenue was 0.1 to 1%. As a result, the polarization is also expected to intensify.

Meanwhile, Hanjin years had been returned to duty-free patent in 2003, 2010 AK (Ae) also becomes larger and the deficit has returned to the bar business rights.

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Lotte Insurance, Love Dream Scholarship Ceremony

[Korea financial newspaper gimmingyeong News] Lotte Insurance over the past 22 days Lotte Insurance Kim Hyun - Soo representative, Green Umbrella Children's Foundation yijonghwa General Manager and Chang'an Social Welfare Center gimbeomseop governing the Chang'an Social Welfare Center of the attending Lotte damages Jung materials headquartered in Seoul Insurance had a love Dream scholarship "ceremony.

Lotte Insurance provides social contribution activities and has signed a social contribution agreements to support the sponsorship, the part Chang'an Social Welfare Center for children 5 people to 1 years life stability fund and a scholarship to a difficult environment for children with Green Umbrella Children's Foundation the children will help you go to open the dreams and hopes.

Kim Hyun - Soo Lotte Insurance CEO with the greeting, "but little sharing child receives the sponsorship are great hope an opportunity born of dreams and hope" and "continue Lotte Insurance is'll enforce sharing activities for making a child happy world "he said.

Lotte Insurance has a variety of practical sharing activities through cultural activities as well yippun nursery school children, caregivers Namsan Park activities, one company, one school financial education, blood donation activity of love.



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