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Younger son of founder strengthens his hold on Lotte Group

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An extraordinary shareholders' meeting has approved a proposal calling for Mr Shin Dong Bin to establish a stable management structure and strengthen its corporate governance.

Seoul

THE younger son of the Lotte Group's founding family has strengthened his hold on the South Korean conglomerate amid a bitter succession feud with his elder brother, winning the backing of shareholders at a key Tokyo-based holding company.

An extraordinary shareholders'

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