Lotte Shopping block sale marks end of family feud

Group founder’s elder son raises $341 million from selling part of his stake in retail flagship, marking his withdrawal from a bitter years-long power struggle with his brother.

A bitter, years-long power struggle that has torn apart the family behind Korean chaebol Lotte Group is over, after the elder son of group founder Shin Kyuk-ho waved the white flag by selling part of his stake in retail flagship Lotte Shopping.

¬ Haymarket Media Limited. All rights reserved.

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