The Korea Herald

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Lotte owner family holds 5.6 tln-won assets in S. Korea

By KH디지털2

Published : Aug. 11, 2015 - 09:56

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The owner family of Lotte Group, currently under fire for its sibling rivalry over control of the conglomerate, holds assets of over 5 trillion won ($4.31 billion) in South Korea, data showed Tuesday.
  

The combined assets owned by Lotte founder Shin Kyuk-ho, his third wife and his four children, amount to 5.63 trillion won, according to the data compiled by corporate tracker Chaebul.com.
  

The assets include both listed and unlisted stocks, as well as real estate in South Korea.
  

The second eldest son Dong-bin, who currently holds key positions at both the South Korean and Japanese units of the group, has the largest amount of assets, totaling 2.1 trillion won.
  

He was followed by the oldest son Dong-ju with 1.91 trillion won. The father of the two came in third with 760 billion won, according to the data.
  

The eldest daughter trailed with 731 billion won, followed by the third wife of the founder with 76 billion won and the youngest daughter with 49 billion won.
  

The Shin family is also known to possess a considerable amount of assets in Japan as well. The Japan-based Lotte Holdings, which is the group's holding firm, has 34 affiliates of which the owner family have divided up their unlisted shares.
  

Lotte, the country's No. 5 conglomerate, is currently caught in a power struggle between the two brothers as they squabble over who will succeed their father Shin Kyuk-ho and take control of the company's operations in both South Korea and Japan. (Yonhap)