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.

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.

¬ Haymarket Media Limited. All rights reserved.

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