Lotte Chairman's Brother Mounts Bid to Capture Korea Arm

  • Shin Dong Joo wants to control Lotte in both Korea and Japan
  • He says Japan's Lotte could be worth $9.7 billion in IPO

The Japan-based older brother of Lotte Group Chairman Shin Dong Bin wants to install himself and their father at the top of the family business’s lucrative South Korean units, in the latest salvo of a yearlong battle for control over the retail conglomerate.

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