Lotte Group’s Leadership Overhaul Amid Financial Struggles
Lotte Group, South Korea's sixth-largest conglomerate, has undertaken the most extensive leadership shakeup in its history, replacing CEOs at 18 of its 58 subsidiaries. The sweeping changes, announced on November 28, come amid growing concerns about the financial stability of Lotte Chemical, one of its core affiliates. Notably, Shin Yoo-yeol,...