Shin Kyuk-ho, founder of Lotte Group, is seen at the Seoul Central District Court in December 2017, where he was sentenced to four years in prison. Shin died on Sunday at 97. Photo: Bloomberg Shin Kyuk-ho, founder of Lotte Group, is seen at the Seoul Central District Court in December 2017, where he was sentenced to four years in prison. Shin died on Sunday at 97. Photo: Bloomberg
Shin Kyuk-ho, founder of Lotte Group, is seen at the Seoul Central District Court in December 2017, where he was sentenced to four years in prison. Shin died on Sunday at 97. Photo: Bloomberg
South Korea
Asia /  East Asia

Lotte Group founder Shin Kyuk-ho dies at 97, leaving tarnished legacy in South Korea

  • Lotte Group is South Korea’s biggest retailer and the country’s fifth-biggest chaebol, or family-run industrial group
  • Shin’s reputation was tarnished after he was convicted of malpractice and embezzlement in 2017 and sentenced to four years in jail

Topic |   South Korea
BloombergAgence France-Presse
Bloomberg  and Agence France-Presse

Updated: 6:58pm, 19 Jan, 2020

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Shin Kyuk-ho, founder of Lotte Group, is seen at the Seoul Central District Court in December 2017, where he was sentenced to four years in prison. Shin died on Sunday at 97. Photo: Bloomberg Shin Kyuk-ho, founder of Lotte Group, is seen at the Seoul Central District Court in December 2017, where he was sentenced to four years in prison. Shin died on Sunday at 97. Photo: Bloomberg
Shin Kyuk-ho, founder of Lotte Group, is seen at the Seoul Central District Court in December 2017, where he was sentenced to four years in prison. Shin died on Sunday at 97. Photo: Bloomberg
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