Most Popular
-
1
Dongduk Women’s University halts coeducation talks
-
2
Defense ministry denies special treatment for BTS’ V amid phone use allegations
-
3
Russia sent 'anti-air' missiles to Pyongyang, Yoon's aide says
-
4
OpenAI in talks with Samsung to power AI features, report says
-
5
Two jailed for forcing disabled teens into prostitution
-
6
Trump picks ex-N. Korea policy official as his principal deputy national security adviser
-
7
South Korean military plans to launch new division for future warfare
-
8
Gold bars and cash bundles; authorities confiscate millions from tax dodgers
-
9
Kia EV9 GT marks world debut at LA Motor Show
-
10
Teen smoking, drinking decline, while mental health, dietary habits worsen
Lotte founder’s 3rd wife, daughter own 7% stake in Lotte Holdings
By 박윤아Published : Oct. 6, 2016 - 14:09
[THE INVESTOR] Lotte founder Shin Kyuk-ho’s third wife and their daughter hold a combined 6.8 percent stake in Lotte Holdings, prosecution sources familiar with the matter said on Oct. 6.
The stake in Lotte Holdings owned by Seo Mi-kyung, 57, and her 33-year-old daughter is the largest share among the founding family members of South Korea’s largest retail conglomerate.
The stake in Lotte Holdings owned by Seo Mi-kyung, 57, and her 33-year-old daughter is the largest share among the founding family members of South Korea’s largest retail conglomerate.
The latest revelation related to Shin’s secretive common-law wife came as prosecutors have been looking into Lotte’s alleged wrongdoings since they launched full-fledged raids into the group‘s headquarters in June.
Out of 13.3 percent stakes held by the founding family, Shin Kyuk-ho has a mere 0.4 percent stake in Lotte Holdings and his first daughter, Young-ja, owns 3 percent. The 74-year-old daughter was indicted in July on charges of embezzlement, bribery and breach of trust.
(theinvestor@heraldcorp.com)
