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  1. Lotte Holdings shareholders approve proposal backed by founder’s younger son

Lotte Holdings shareholders approve proposal backed by founder’s younger son

Shareholders of Lotte Group's key holding company approved a proposal that calls for the company, led by current CEO Shin Dong-bin, to establish a stable management structure and strengthen its corporate government and compliance.

By: | Published: August 17, 2015 8:49 AM

Shareholders of Lotte Group’s key holding company approved a proposal that calls for the company, led by current CEO Shin Dong-bin, to establish a stable management structure and strengthen its corporate government and compliance.

Shareholders of Japan-based Lotte Holdings approved the proposal at an extraordinary shareholders meeting on Monday.

Shin Dong-Bin, also chairman of Seoul-based Lotte Group and the younger son of the group’s founder, is locked in battle with his elder brother over who will lead the South Korean-Japanese conglomerate.

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