Most Popular
-
1
Exports to US reach all-time high, widen gap with China
-
2
Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'
-
3
[Music in drama] Rekindle a love that slipped through your fingers
![[Music in drama] Rekindle a love that slipped through your fingers](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/05/01/20240501050484_0.jpg&u=20240501151646)
-
4
Opposition-led Assembly unilaterally passes bill to probe Marine's death
-
5
S. Korea discussed possible participation in AUKUS Pillar 2 with Australia: defense minister
![[Music in drama] Rekindle a love that slipped through your fingers](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/05/01/20240501050484_0.jpg&u=20240501151646)
-
6
[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
![[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/05/01/20240501050627_0.jpg&u=20240502093000)
-
7
Seoul Metro to seek legal action against malicious complaints
-
8
Illit, mired in controversy, remains on Billboard charts for 5th week
-
9
On May Day, labor unions blast Yoon's foreign nanny proposal
-
10
Inflation eases in April, continues bumpy ride
![[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/05/01/20240501050627_0.jpg&u=20240502093000)
[THE INVESTOR] The corruption probe into Lotte Group continues to expand with the prosecution raiding Lotte Chemical Corp. and Lotte Engineering and Construction on June 14.
In the early hours of Tuesday, the Seoul Central District Prosecutors’ Office raided the two companies in southern Seoul. The prosecution, which conducted a mass raid on 17 Lotte-related locations on June 10, is reported to have reasons to believe that the two companies were instrumental in the founding family’s illegal activities.
In the early hours of Tuesday, the Seoul Central District Prosecutors’ Office raided the two companies in southern Seoul. The prosecution, which conducted a mass raid on 17 Lotte-related locations on June 10, is reported to have reasons to believe that the two companies were instrumental in the founding family’s illegal activities.
The prosecution believes that group founder Shin Kyuk-ho and his two sons Shin Dong-joo and Shin Dong-bin were central to a massive embezzlement scheme. Authorities estimate the damages dealt to the group through embezzlement and other malpractice to be about 300 billion won ($255.8 million).
From the earlier raid, the investigators reportedly found evidence that Lotte Chemical formed slush funds by overstating the import prices of raw materials.
By Choi He-suk (cheesuk@heraldcorp.com)
-
Articles by Korea Herald
![[Today’s K-pop] Stray Kids go gold in US with ‘Maniac’](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=642&simg=/content/image/2024/05/02/20240502050771_0.jpg&u=)