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Lotte head offers to resign from Japan-based holding firm: report
His prison sentence last week over an influence-peddling scandal is expected to hamper Lotte's investment plans
Published Wed, Feb 21, 2018 · 09:50 PM
Seoul
THE head of South Korea's Lotte Group has offered to quit as chairman at Japan-based holding firm Lotte Holdings, following his arrest for bribery earlier this month, cable news network YTN said on Wednesday. The report comes as Lotte Holdings was scheduled to hold a board meeting later on Wednesday which is expected to discuss chairman Shin Dong Bin's situation.
Lotte Holdings is at the heart of Lotte Group's complicated ownership structure and indirectly controls the group's South Korean-based holding company Lotte Corp.
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