In January of this year, a testament was published in Japan that included the honorary chairman of the Lotte Group, Shin Kyung-ho, who referred to his late son, Dong-bin Shin, as his successor 20 years ago.

According to Lotte Holdings on the 24th, while the requisition of honorary chairman Shin Kyung-ho was recently being organized, a handwritten will of the new honorary chairman was found in the Tokyo office in Japan.

In the will, it was said that the successor to the Lotte Group in Korea, Japan, and other regions was the chairman of Shin Dong-bin.

This testament was written and signed by the honorary chairman Shin in March 2000 and kept in a Tokyo office vault.

The will was later released in the Japanese courts with all of the heirs' representatives present.

"It has been confirmed that the successor of the Lotte Group is said to be Chairman Dong-Bin Shin, and that we are willing to cooperate to develop the Lotte Group," he said.

Chairman Shin Dong-bin delivered this to the executives of the Lotte Group in both Korea and Japan after the shareholders' general meeting in Japan.

Chairman Shin said, "We will strive for the development of the group and tomorrow of all employees of the Lotte Group at the will of the founder."

Meanwhile, on the same day, Lotte Holdings in Japan appointed Chairman Shin Dong-bin as CEO and CEO of Lotte Holdings on July 1st.

President Takayuki Tsukuda resigns from his presidency and retains only the directorship.

Chairman Shin Dong-bin has already been inaugurated as the Chairman of Lotte Holdings in April, and since July, he has held the positions of Chairman, President and Single CEO of Lotte Holdings.

Regarding this greeting, Chairman Shin said, “As the economic situation at home and abroad is difficult, it is necessary for the achievement of the senior president and the succession of the spirit more than ever.

(Photo = Yonhap News)