신동빈 롯데그룹 회장(왼쪽)과 장남인 신유열 롯데케미칼 상무 (사진=롯데)

 

[Alpha Biz=(Chicago) Reporter Kim Jisun] Shin Yoo-yeol, executive vice president of Lotte Chemical, the eldest son of Lotte Group Chairman Shin Dong-bin, took office as CEO of Lotte Financial in Japan.

According to the industry, Shin became the CEO of Lotte Financial, a Japanese affiliate of Lotte in the second quarter. Lotte Financial in Japan is the largest shareholder with a 51% stake in Lotte Capital in Korea.

Lotte Financial was headed by Kobayashi Masamoto, but Shin took over as Kobayashi recently stepped down.

Previously, Shin was also appointed CEO of Lotte Entertainment (LSI). LSI is operated under the system of Chairman Shin Dong-bin and two CEOs Shin.

Shin is also expected to attend the Lotte President's Meeting (VCM) to be held on the 18th. The VCM is hosted by Chairman Shin and will be held twice a year in the first and second half of the year to discuss group strategies with all Lotte affiliates.

 

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