Lotte Group Chairman Shin Dong-bin has been awarded a royal medal by the King of Spain for his contributions to the enrichment of bilateral trades through business investment, Lotte said Friday.
Shin was presented with the Cross of Official of the Order Isabel La Catolica, an honorary civil order granted by King Felipe VI, at the Spanish Embassy in Seoul on late Thursday, the group said in a statement.
|Lotte Group Chairman Shin Dong-bin (right) and Spanish Ambassdor to Korea Gonzalo Ortiz (left), pose for a photo after the decoration ceremony of a Spanish order given by the King Felipe VI to the chairman, in the Spanish Embassy in Seoul, on May 18, 2017. (Lotte)|
Spanish Ambassador to Korea Gonzalo Ortiz conferred the royal badge on behalf of the monarch, it added.
The award came in recognition of the chairman's merits as an entrepreneur who has shown keen interest in strengthening economic relations between Spain and South Korea and has potential for a greater role in the future, Lotte said.
The fifth-largest conglomerate in Korea, whose key businesses include retail, food and chemical, launched global SPA brand ZARA Retail Korea in 2007 via a joint venture with Spanish apparel firm Inditex S.A. (Yonhap)