Shin Yooyeol, Executive Vice President and Head of Future Growth at Lotte Corporation, has purchased an additional 4,000 shares of Lotte Corporation. Shin is the eldest son of Lotte Group Chairman Shin Dongbin.
On September 1, Lotte Corporation announced that Executive Vice President Shin acquired 4,168 common shares of Lotte Corporation through on-market purchases. The acquisition price was 28,832 KRW per share, with a total purchase amount of approximately 100 million KRW. As a result of this purchase, Shin now holds 30,091 shares of Lotte Corporation, representing a 0.03% stake.
Previously, in June of last year, Shin first disclosed that he owned 7,541 shares (0.01%) of Lotte Corporation. He subsequently increased his stake to 0.02% by purchasing 4,255 shares in September and 4,620 shares in December of the same year. In June of this year, he bought an additional 9,507 shares through on-market purchases, and has continued to steadily acquire more shares, now purchasing over 4,000 more.
A representative from Lotte Corporation stated that Shin's share purchases are "aimed at enhancing corporate value and responsible management."
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