Image: Public domain | via Wikimedia Commons
Shin Dong-joo, born in Tokyo, Japan in 1954, is a prominent South Korean businessman. The eldest son of Lotte Group founder Shin Kyuk-ho, he is a key figure in the retail sector. His career includes executive roles at Lotte and Mitsubishi Corporation. His net worth is estimated at $1.0 billion. Shin's career has been marked by a high-profile dispute with his brother and a subsequent struggle for control within the Lotte Group.
Shin Dong-joo, whose Japanese name is Shigemitsu Hiroyuki, was born in Tokyo, Japan, on January 28, 1954. He is the eldest son of Shin Kyuk-ho, the founder of the Lotte Group, a major South Korean conglomerate with interests in retail, food, and other industries. He graduated from Aoyama Gakuin University with a bachelor's degree in economics and later earned an MBA from Columbia Business School.
Shin Dong-joo began his career in 1978 at Mitsubishi Corporation. In 1987, he joined Lotte Corporation, later becoming a director in 1988 and holding various executive positions, including Vice Chairman and President of Lotte International.
Shin's management style focused on stability, especially in Japan, during a period of economic slowdown. He oversaw Lotte's operations in Japan and played a role in expanding its operations into China and other Asian countries. In 2015, he was dismissed from his executive positions in the group after a major dispute with his younger brother, Shin Dong-bin. Shin Dong-joo has since been involved in legal battles to regain control of the group.
Shin is the founder of the Hiroyuki Shigemitsu Foundation. He also served as chairman of the Lotte International Scholarship Foundation.
Began his career at Mitsubishi Corporation.
Joined Lotte Group and held several positions.
Became Vice Chairman of Lotte Holdings Co., Ltd.
Took office as Vice Chairman and President of Lotte Corporation
Dismissed from executive positions due to a family feud.
Provides scholarships.
Ousted from Lotte Group due to a power struggle with his younger brother, Shin Dong-bin.
