韩国乐天集团95岁创始人被判刑4年
The 95-year-old founder of one of South Korea’s largest conglomerates was on Friday sentenced to four years in prison after a court found him guilty on dual corruption charges. However, the court did not seek his arrest and incarceration due to his age and deteriorating health condition. Shin Kyuk-ho, who in 1948 founded the Lotte Group – South Korea’s fifth biggest conglomerate – was convicted of embezzlement and breach of trust in a case that caps off a tumultuous year for one of South Korea’s most recognisable corporate brands. The group, which consists of more than 90 units ranging from retail outlets to chemicals companies, was the primary target throughout 2017 of China’s massive economic retaliation against South Korea following Seoul’s decision to host a US-owned missile shield. After a widespread boycott of its stores in China, Lotte was forced in October to abandon its chain of supermarkets and hypermarkets in the world’s most populous nation. Shin Dong-bin – the group’s chairman – is also embroiled in the bribery scandal that led to the impeachment of Park Geun-hye, South Korea’s former president, as well as the conviction and incarceration of Lee Jae-yong, the de facto head of Samsung. The younger Shin was on Friday also convicted but received a suspended sentence in the same case, which focused on managerial irregularities in the awarding of a restaurant franchise. |