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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. ....
As part of its business restructuring aims for this year, Lotte Group has decided to sell the ATM business of Korea Seven, formerly known as Lotte PSNet, which oversees the operation of the nation’s 7-Eleven convenience stores. According to Lotte Corp. on Wednesday, the group recently appointed accounting firm Samjeong KPMG to oversee the sale process and identify a suitable company to acquire Korea Seven'. ....
Lotte Group will realign its business portfolio to focus on four major new growth engines - bio technology, metaverse, hydrogen energy and secondary batteries - and take preemptive steps to sell its non-core businesses to maximize management efficiency, Chairman Shin Dong-bin said. ....
HD Hyundai will transform construction sites fundamentally with its advanced construction equipment technologies for a more sustainable future for humanity, the business group’s chief executive said at the CES tech trade show in Las Vegas, Wednesday (local time). ....
Leaders of South Korea’s top conglomerates are set to converge at CES 2024 in Las Vegas next month to immerse themselves in emerging tech trends and expand global business networks. SK Group Chairman Chey Tae-won will be making his second consecutive appearance after last year's CES. “I’m also wondering how far artificial intelligence can be evolved. Drastic changes are expected to be made in t. ....