"Business Reorganization Focused on Core Projects"
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."
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