Lotte Group Chairman Shin Dong-bin (left) and his eldest son Shin Yoo-yeol, managing director of Lotte Chemical (photo = Lotte)

 

[Alpha Biz= Reporter Kim Jisun] Shin Yoo-yeol, Executive Vice President and Head of the Future Growth Division at Lotte Holdings, and son of Lotte Group Chairman Shin Dong-bin, has further increased his stake in Lotte Holdings.

On the 4th, Lotte Holdings disclosed that Shin Yoo-yeol purchased an additional 4,255 shares of Lotte Holdings on the 3rd, at a purchase price of KRW 24,454 per share, totaling approximately KRW 104 million.

This marks Shin's second purchase of Lotte Holdings shares, following his initial acquisition of 7,541 shares in June. With this purchase, his stake in Lotte Holdings now stands at 0.01%.

Shin Yoo-yeol was promoted to Executive Vice President at the end of last year, taking on the role of Head of the Future Growth Division, responsible for identifying new growth drivers and business opportunities for Lotte Group. In June, he was also appointed as a Director at Japan's Lotte Holdings, signaling his growing involvement in the group's management.

 

 

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