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You can help expand this article with text translated from the corresponding article in Japanese. (July 2020) Click [show] for important translation instructions.
Machine translation, like DeepLorGoogle Translate, is a useful starting point for translations, but translators must revise errors as necessary and confirm that the translation is accurate, rather than simply copy-pasting machine-translated text into the English Wikipedia.
Do not translate text that appears unreliable or low-quality. If possible, verify the text with references provided in the foreign-language article.
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Shin Dong-bin (Korean: 신동빈; born Akio Shigemitsu, 14 February 1956) is a South Korean business executive currently serving as the chairman of Lotte Corporation since 2011.
Born in Japan as Akio Shigemitsu (重光昭夫, Shigemitsu Akio). Shin 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.
On 22 December 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.[4]
On 13 February 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 (US$6.5 million) to Choi Soon-sil, a confidante of former President of South KoreaPark Geun-hye, in exchange for government favors in providing a license to operate duty-free shop.[5] On 5 October 2018, a South Korean appeals upheld Shin's conviction, but also agreed to suspend his sentence to time already served, thus setting him free.[6]
Shin sits on the Board of Overseers of Columbia Business School. In 2013, he donated $4 million to the school to found the Shin Dong-bin fellowships.[7][8] A professional skier, Shin also serves as the Chairman of the Korean Ski Association and pledged 60 billion won to the PyeongChang Olympics.[9]
Shin is married to a Japanese woman named Ogo Manami, who is of aristocratic descent.[3] The couple have three children, who all live in Japan.[3] Both his office and his residence are located in Lotte World Tower, South Korea's tallest building.[10]
Shin was engaged in a number of disputes with his sibling, Shin Dong-ju, over the control of Lotte and gained control of the company after a long legal battle.[11][12]
