Lotte Chairman Shin Apologizes as South Korea Presses Inquiry

  • Chairman plans to revisit hotel IPO canceled amid probe
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Shin Dong-Bin during a press conference at the Lotte Hotel in Seoul, on August 11, 2015.

Photographer: Chung Sung-Jun/Getty Images

Lotte Group’s chairman apologized for a widening probe by South Korean prosecutors into alleged embezzlement, bribery and use of slush funds at the retail and industrial conglomerate.

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