Hotel Lotte IPO a litmus for chaebol reform

The listing of Lotte's hotel unit may help dispel lingering questions about cross-shareholdings among the subsidiaries of Korea's family-owned conglomerates.

Hotel Lotte IPO a litmus for chaebol reform

Lotte Group, a Korean conglomerate primarily known for its department stores, is proceeding with plans to take its hotel business public despite a government probe into the group's ownership structure.

Group Chairman Shin Dong-bin confirmed the listing plan on Monday, five days after the Fair Trade Commission said it intended to launch an investigation into the conglomerate’s complex ownership structure.

The FTC investigation of Lotte is part of a broader effort by...

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