Shin Dong-bin

Shin Dong-bin (Korean: 신동빈; Hanja: 辛東彬; born February 14, 1956) is a Japanese businessman. He also has a Japanese name Akio Shigemitsu (Japanese: 重光昭夫, romanized: Shigemitsu Akio). As of 2012, he was CEO of the South 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]

For the footballer, see Shin Dong-bin (footballer).
In this Korean name, the family name is Shin.
Shin Dong-bin
신동빈
Shin at the Asia Summit of World Travel & Tourism Council in Seoul, South Korea in September 2010
Born (1956-02-14) February 14, 1956
Tokyo, Japan[1]
NationalityJapan[2]
Alma materColumbia University (M.B.A.)
Aoyama Gakuin University (B.A.)
OccupationCEO of Lotte Corporation
Net worth$1.48 Billion[3]
Parents
Korean name
Hangul
Hanja
Revised RomanizationSin Dong-bin
McCune–ReischauerSin Tong-pin

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 (US$6.5 million) to Choi Soon-sil, a confidante of former President of South Korea Park Geun-hye, 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". CNBC. Reuters. 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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