Shin Dong-bin

Shin Dong-bin
Shin at the Asia Summit of World Travel & Tourism Council in Seoul, South Korea in September 2010
Native name 신동빈
Born (1955-02-14) February 14, 1955
Tokyo, Japan[1]
Nationality South Korean[2]
Alma mater Columbia University (M.B.A.)
Aoyama Gakuin University (B.A.)
Occupation CEO of Lotte Corporation
Net worth $1.48 Billion[3]
Korean name
Hangul 신동빈
Hanja 辛東彬
Revised Romanization Sin Dong-bin
McCune–Reischauer Sin Tong-pin

Shin Dong-bin (Hangul: 신동빈; Hanja: 辛東彬) (born February 14, 1955) is a Japanese-born South Korean businessman. He also has a Japanese name Akio Shigemitsu (Japanese: 重光昭夫, translit. Shigemitsu Akio). As of 2012, he was CEO of the Korean conglomerate Lotte Corporation and the Japanese Chiba Lotte Marines baseball team. He is the second son of Shin Kyuk-ho (Takeo Shigemitsu), founder and first CEO of Lotte, and his Japanese wife. He is the younger brother of Hiroyuki Shigemitsu (Korean name Shin Dong-ju), CEO of the Japanese Lotte Group. He graduated from Aoyama Gakuin University with a B.A. in economics in 1977 and from Columbia University with an MBA.[4]

On December 22, 2017, a Seoul district court handed down to Shin a two-year suspension of a jail sentence with embezzlement and breach of trust in October 2016.[5]

On February 13, 2018, Shin was sentenced to 30 months in prison after the Seoul Central District Court found him guilty of charges stemming from Lotte’s decision to give 7 billion South Korean won ($6.5 million) to a confidante of former President of South Korea Park Geun-hye, allegedly in exchange for government favors in providing a license to operate duty-free stores.[6] On October 5, 2018, a South Korean appeals upheld Shin's conviction, but also agreed to suspend his sentence to time already served, thus setting him free.[7]

References

  1. ↑ "Shin Dong-Bin Stole Lotte from Me" : Founder - The Seoul Times
  2. ↑ "Shin Dong-Bin". forbes.com.
  3. ↑ "Shin Dong-Bin". forbes.com.
  4. ↑ 重光昭夫（辛東彬）の名言 格言- 名言DB：リーダーたちの名言 retrieved 2014-06-05
  5. ↑ "Seoul court hands down suspended sentence for Lotte chairman". Reuters. CNBC. 2017-12-22. Retrieved 2017-12-27.
  6. ↑ "Korean Tycoon Jailed in Bribery Case That Toppled a President". Bloomberg. 2018-02-13. Retrieved 2018-02-13.
  7. ↑ https://asia.nikkei.com/Business/Companies/South-Korea-s-appeals-court-suspends-Lotte-Group-chief-s-jail-sentence
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