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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

Shin's resignation could reignite a family dispute at the conglomerate and slow its efforts to streamline.


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...

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