Speculation is growing that Lotte Group Chairman Shin Dong-bin’s oldest son, Shin Yoo-yeol, also known by his Japanese name, Satoshi Shigemitsu, may give up his Japanese citizenship this year to be naturalized as a Korean citizen, as he turned 38 years old on Saturday, according to industry officials, Sunday. At this age, one can acquire Korean citizenship regardless of the completion of military service.
Lotte Chemical Vice President Shin Yoo-yeol, the oldest son of Lotte Group Chairman Shin Dong-bin, has drawn attention recently, due to his frequent attendance at the conglomerate s important events, according to industry officials, Friday. Some consider his recent moves a signal that Lotte is accelerating its efforts to train him as the next leader to inherit control of the business group from his father.