Chairman Shin Dong-bin Resigns as Director of Uniqlo

"Business Reorganization Focused on Core Projects"

Shin Dong-bin, Chairman of Lotte Group. [Photo by Lotte Holdings]

Shin Dong-bin, Chairman of Lotte Group, has stepped down from his position as a registered executive director at FRL Korea, the operator of the Uniqlo brand.

On the 8th, FRL Korea announced that Chairman Shin resigned from his position as a non-executive director in December of last year.

Chairman Shin had been listed as a non-executive director at FRL Korea since 2005. A non-executive director is a registered executive who can participate in board resolutions.

With this resignation, the number of affiliates where Chairman Shin participates in board resolutions has become four: Lotte Holdings, Lotte Confectionery, Lotte Chemical, and Canon Korea.

A Lotte Holdings official stated, "This was a reorganization of duties focusing on businesses that require concentration."