[Shin Kyuk-ho's Passing] Vice Chairman Lee Jae-yong, First Business Leader to Pay Condolences Among Industry Heads

Samsung Electronics Vice Chairman Lee Jae-yong is leaving the funeral hall of the late Shin Kyuk-ho, Honorary Chairman of Lotte Group, set up at Seoul Asan Medical Center in Songpa-gu, Seoul, on the 20th. Photo by Kang Jin-hyung aymsdream@

[Asia Economy Reporter Seungjin Lee] Samsung Electronics Vice Chairman Lee Jae-yong was the first among business leaders to visit the funeral hall of Shin Kyuk-ho, Honorary Chairman of Lotte Group.

Vice Chairman Lee visited the funeral hall at Seoul Asan Medical Center, where the late Honorary Chairman Shin's funeral was held, at around 9:37 a.m. on the 20th. He was the first major business figure to pay respects at the funeral hall.

Vice Chairman Lee had a conversation for about 10 minutes with Shin Dong-joo, the eldest son and former Vice Chairman of Japan Lotte Holdings, and Shin Dong-bin, the second son and Chairman of Lotte Group, before leaving the funeral hall.

When reporters asked about anecdotes with the late Honorary Chairman Shin during his lifetime, Vice Chairman Lee left the funeral hall without any comment. In the afternoon, Kim Sang-jo, Chief of Policy Office at the Blue House, was scheduled to pay respects, and various figures from different fields were expected to visit the funeral hall.

Shin Kyuk-ho, founder of Lotte Group, passed away at 4:29 p.m. on the 19th due to an illness. He was 99 years old.

The funeral will be held as a Lotte Group funeral, and the funeral hall is Room 20 at Seoul Asan Medical Center. After the departure at 6 a.m. on the 22nd, a farewell ceremony will be held at 7 a.m. at the Lotte Concert Hall on the 8th floor of Jamsil Lotte World Mall in Seoul.

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