Japan Lotte Holdings, Chairman Shin Dong-bin Holds 2.69%

[Asia Economy Reporter Hyungsoo Park] Lotte Holdings disclosed shareholder status information of Japan's Lotte Holdings and Kwangyunsa.

On the 30th, Lotte Holdings announced the status of overseas affiliates in which domestic affiliates have direct or indirect investments. This action follows the revision of the Enforcement Decree of the Fair Trade Act, which mandates the disclosure of information on overseas affiliates directly or indirectly invested in by affiliates belonging to the reporting business group (large business group).

Looking at the shareholding structure of Lotte Holdings, Shin Dong-bin, Chairman of Lotte Group, holds 2.69% of the shares. His relatives include Shin Young-ja, former director of the Lotte Scholarship Foundation, holding 3.15%, Shin Dong-joo, former vice chairman of Lotte Holdings, holding 1.77%, and Shin Yu-mi, former advisor of Lotte Hotel, holding 1.46%, making the total family ownership 9.97%. In addition, non-profit corporation Lotte Foundation (0.22%), executive holding company (5.96%), Kwangyunsa (28.14%), Lotte Strategic Investment (10.65%), and Midori Sangsa (5.23%) also hold shares. The shares held by Chairman Shin Dong-bin's side were calculated at 71.19%.

The shareholding of Kwangyunsa shows that Shin Dong-bin holds 39.03%, Shin Dong-joo, former vice chairman, holds 50.28%, Hatsuko Shigemitsu holds 10.00%, and Shin Young-ja, former director, holds 0.28%.

Both Lotte Holdings and Kwangyunsa are unlisted companies, so there was little information disclosed until now. The shareholding structure was officially disclosed during the management rights dispute in February 2016, based on the ownership status of Lotte Group's overseas affiliates announced by the Fair Trade Commission.

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