Lotte founder Takeo Shigemitsu dies at 19:29 on January 19

Honorary Chairman Takeo Shigemitsu of Lotte Holdings, the founder of Lotte, a major confectionery maker, died at a hospital in Seoul, South Korea on the 19th. According to Korea's Lotte Group, she was 98.

Shigemitsu started manufacturing chewing gum in 1947, shortly after the war, and founded Lotte in Tokyo the following year.

In addition to confectionery makers in Japan, Lotte manages the professional baseball team `` Chiba Lotte Marines '', and in South Korea, which is rooted by Shigemitsu, launched a business after the Showa 40's, including hotels, theme parks, The group is one of Korea's leading conglomerates, operating department stores and chemicals in various fields.

Shigemitsu retired five years ago, but was still the Honorary Chairman of the holding company and the owner of the baseball team.

According to Lotte Holdings, Shigemitsu died at a hospital in Seoul on the afternoon of the 19th.

According to Korea's Lotte Group, she was 98.

About Lotte Founder Takeo Shigemitsu

In 1948, shortly after the war, Takeo Shigemitsu established Lotte in Tokyo, which manufactures and sells chewing gum.

After that, Lotte became a huge corporate group engaged in a wide range of businesses in Japan and South Korea, such as developing hotels, theme parks, department stores, and chemistry etc. in Korea, which has roots in the 1960s, and creating one of Korea's leading conglomerates. Grew up.

In 1973, he became the owner of the Japanese professional baseball team Lotte.

Meanwhile, five years ago, Shigemitsu and his two sons struggled for leadership in management, losing their representative power, which they had been holding for more than 60 years. Had been convicted of a Korean court for embezzlement and other charges for paying a large salary to relatives.