South Korea's Lotte Group says jailing of chairman "unexpected"

Lotte

13/02/2018 08:48

SEOUL, Feb 13 (Reuters) - South Korea's Lotte Group said on 
Tuesday that the jailing of its chairman was "unexpected", 
adding it was worried the ruling could affect mounting current 
issues such as a initial public offering of key unit Hotel Lotte 
 HTLOT.UL . 
    Seoul Central District Court jailed Shin Dong-bin, the 
chairman of country's fifth-largest conglomerate, for two years 
and six months for bribery tied to an influence-peddling scandal 
that rocked the country's business and political elite. 
 urn:newsml:reuters.com:*:nL4N1Q32Z0 
 
 (Reporting by Joyce Lee; Editing by Nick Macfie) 
 ((jungyoon.lee@thomsonreuters.com; +82 2 3704 5609; Reuters 
Messaging: jungyoon.lee.thomsonreuters.com@reuters.net)) 
 
Keywords: SOUTHKOREA POLITICS/LOTTE