trending Market Intelligence /marketintelligence/en/news-insights/trending/xedEjnYFJ0JQB9QkMoxJXA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Report: Lotte Group founder, chairman convicted on corruption charges

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Report: Lotte Group founder, chairman convicted on corruption charges

The founder and chairman of the multinational conglomerate Lotte Group were both convicted of embezzlement and breach of trust on Dec. 22, according to The Financial Times.

Lotte Group founder Shin Kyuk-ho and the company's Chairman Shin Dong-bin, who is also the son of the founder, were both convicted by a court in South Korea and sentenced to prison, but neither is expected to serve time in jail, according to the report.

The company's founder, Shin, who is 95, will not be required to surrender and enter prison due to his age and health condition, the report said.

The younger Shin was convicted on the same charges stemming from corruption related to bogus salaries, purchasing affiliate stocks at inflated prices, and granting contracts owned by a relative without competitive bidding, according to a separate New York Times report. Shin was given a suspended sentence and allowed to continue running the business, according to the Times report.

Lotte Group, founded in Japan in 1948 by Shin, has headquarters in Seoul as well as Tokyo and is one of South Korea's most ubiquitous brands. According to its website, Lotte Group has businesses across a number of sectors, including retail, food and beverage, hotels, construction, chemical groups, and professional baseball. The group claims to have more than 200 kinds of confectioneries sold in more than 70 countries, and claims to have the largest chewing gum share in Asia. It operates malls, restaurants, and other retail centers throughout South Korea and other Asian nations.