[Featured Stocks] Lotte Group Shares Rise in Unison... Lotte JiJu Preferred Hits Upper Limit

Reflecting Expectations of Group Changes Following Honorary Chairman Shin Kyuk-ho's Passing

[Asia Economy Reporter Minwoo Lee] Lotte Group's stock prices are showing strong performance. This is interpreted as reflecting expectations that the group's governance structure and shareholder policies will change following the passing of Honorary Chairman Shin Kyuk-ho.

According to the Korea Exchange on the 20th, Lotte Holdings' preferred shares surged 29.88% immediately after the market opened, hitting the upper price limit. They are currently trading at 75,200 KRW. Lotte Holdings' common shares are also trading at 40,300 KRW, up 12.89% from the previous trading day.

Lotte Chilsung's preferred shares are also soaring, recording a rise of 11.16% to 77,600 KRW. Lotte Chilsung's common shares increased by 1.89% to 134,500 KRW, and Lotte Shopping rose 1.83% to 139,000 KRW.

Lotte Tour Development (2.33%), Lotte Chemical (1.61%), Lotte Food (0.88%), and Lotte Confectionery (0.69%) are all on the rise as well.

This stock price increase is interpreted as reflecting expectations for changes at the group level following the passing of Honorary Chairman Shin, the founder of Lotte Group. Previously, Honorary Chairman Shin passed away at 4:29 PM on the 19th due to an illness. With Shin, who had been sentenced to three years in prison for charges including embezzlement, now deceased, it is anticipated that there will be changes in Lotte Group's governance structure, shareholder policies, and business plans.

This content was produced with the assistance of AI translation services.