Shin Dong-bin's eldest son Shin Yu-yeol appointed as inside director of Lotte Holdings

Japan Lotte Holdings Annual General Meeting Today
Shin Dong-ju Director Appointment Proposal Rejected

Shin Yu-yeol, the eldest son of Lotte Chairman Shin Dong-bin, has been appointed as an inside director of Japan's Lotte Holdings.

On the 26th, Japan's Lotte Holdings held its regular shareholders' meeting in Tokyo and approved the appointment of Shin Yu-yeol as an inside director. A Lotte Holdings official explained, "As the representative of Lotte Financial, he has deep insight into the financial market and is in charge of the Lotte Holdings management strategy office, possessing extensive knowledge and experience in overall company management."

Shin Yu-yeol Executive Director

At the shareholders' meeting that day, the proposal to appoint Shin Dong-ju, the elder brother of Chairman Shin Dong-bin and former vice chairman of Lotte Holdings (Chairman of SDJ Corporation), as a director was rejected. Since 2016, Shin Dong-ju has proposed his return to the board and the dismissal of Shin Dong-bin as a director at the shareholders' meetings 10 times, but all were unsuccessful.