President Yoon Suk Yeol granted pardons to 2,176 people, Monday, on the occasion of Liberation Day (Aug. 15), including the former chiefs of Kumho Petrochemical, Booyoung and Lotte Foundation.
Business tycoons given Liberation Day special pardons – The Korea Times koreatimesus.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimesus.com Daily Mail and Mail on Sunday newspapers.
Lotte Group Chairman Shin Dong-bin is seeking ways to strengthen corporate competitiveness amid the global economic downturn, according to the company, Thursday. Lotte held the 2023 Lotte Value Creation Meeting (VCM), at Lotte World Tower in Seoul, Thursday, and discussed group management plans and medium- to long-term strategies as global market volatility and uncertainty are on the rise.
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.
Companies have reduced or canceled various events due to the Itaewon crowd crush that took 156 lives while major conglomerate chiefs paid their respects at memorial services held around the capital, according to industry officials, Wednesday. POSCO Group Chairman Choi Jeong-woo, Vice Chairman Kim Hak-dong and CEO Jeong Tak visited a temporary memorial set up in Gangnam, Seoul, Wednesday, to offer their condolences to the victims of the Itaewon tragedy.