Shin Dong-bin, Eldest Son of Lotte Chairman, Appointed Managing Director of Lotte Chemical Japan Branch

Shin Yu-yeol (36, Japanese name Shigemitsu Satoshi), the eldest son of Shin Dong-bin, chairman of Lotte Group, recently joined Lotte Chemical's Japan branch as an executive director.

According to business circles on the 12th, Shin Yu-yeol joined Japan Lotte and Japan Lotte Holdings as a manager in 2020 and recently was registered as a non-registered executive at Lotte Chemical's Japan branch. He is expected to concurrently handle duties at Japan Lotte and Lotte Holdings while taking charge of mergers and acquisitions (M&A) in the future.

Chairman Shin also began his involvement in managing Lotte Korea by joining Honam Petrochemical, the predecessor of Lotte Chemical. For this reason, Shin's recent appointment at Lotte Chemical is interpreted as part of preparing for third-generation management at Lotte. Chairman Shin graduated from a university in Japan and earned an MBA from Columbia University in the United States. After working at Nomura Securities' London branch and Japan Lotte Trading, he joined Honam Petrochemical in 1990. Similarly, Shin Yu-yeol graduated from a university in Japan, earned an MBA from Columbia University, worked at Nomura Securities' Singapore branch and Japan Lotte, before joining Lotte Chemical, following the same path as his father.

However, since Shin Yu-yeol holds no shares in either Korean or Japanese Lotte affiliates, some view it as premature to mention third-generation management at this point.

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