A bitter, years-long power struggle that has torn apart the family behind Korean chaebol Lotte Group is over, after the elder son of group founder Shin Kyuk-ho waved the white flag by selling part of his stake in retail flagship Lotte Shopping.
Sources familiar with the situation said Shin Dong-joo sold 5.5% of the Seoul-listed shopping group, representing more than 40% of his personal stake, in a secondary market block trade after markets closed...