Lotte Group'S Internal Struggle Alerted Cui Jihong Huan Han Or Surnamed Japan?

Over the past few days, the media of both Korea and Japan have devoted their efforts to the dispute over the operation of Lotte Group.

Interestingly, when the Japanese media mentioned the Xin family, they used their Japanese names, such as Chung Kwu hung (Xin Gehao), Chung Kwong hung (Xin Dongzhu) and Shigehikaru Akio (Xin Dongbin).

Xin Gehao was a Japanese and overseas Chinese, and both of them were born in Japan, and later returned to South Korea. They were born in Japan. They were both born in Japan. They were born in Japan. They were born in Japan. They were both born in Japan. They were born in Japan in.

Many people noticed that Xin family said Korean had "accent" rather than Japanese.

Since the opening of the fighting in the group, South Korean television has broadcast the scene of Singapore's conversation with Xin Dong's father and son in Japanese, causing the disappointment of the South Korean people to spread rapidly.

Some people accuse "Lotte" of sending wealth from Korea to Japan.

South Korea's public opinion also directed at the preferential policy, condemning Xin's family's use of the identity of Japanese Koreans and relieving many obligations in South Korea.

Xin Dongbin responded in a televised statement on 11 July. "Lotte belongs to Korea." no matter in terms of staff size or sales volume, Lotte Korea is far ahead of Japan's Lotte.

He also stressed that Lotte earned profits in Korea still in South Korea.

According to Xin Dongbin, Xin's homeland and happy base are in Korea.

He also said that Japan will reduce the shareholding ratio of the Lotte Hotel in Korea, eliminating 80% of the total investment in the year, and strive to improve operational pparency.

I wonder if it is coincidence that a huge Korean flag has been hoisted on the 6 day of the Lotte World building being built.

The building is expected to be 123 stories high and is expected to become the tallest building in Korea after completion in 2016.

Lotte Group was first established in Japan in 1948, and after the normalization of Korea and Japan, it expanded its business to South Korea.

Many Koreans have questioned whether Lotte Group belongs to Japanese companies, and Lotte founder Xin Gehao's second son, Lotte, who is actually in power at the moment, responded by Xin Dongbin that Lotte is "Korean enterprise..."

95% of sales came from Korea.

As the fifth largest enterprise in Korea, Lotte Group covers businesses such as real estate, playground, hotel catering, department store and so on.

Lotte's sales in South Korea in 2013 were 83 trillion won (about 66 billion 400 million US dollars), which is said to be about 20 times that of Japan.

However, South Korean media recently broke the news that 12 Japanese Leather Bag Companies (known as "L investments") own about 72% of Lotte's core business Lotte Hotel.

Together with 4 Japanese companies such as Lotte holdings, Japan has more than 99% stake in Lotte.

By the end of July,

In the "L investment" all 12 companies as president, seems to have controlled the whole Lotte Group.

According to Kyodo news, these Japanese companies may be set up for Xin Jia to control the whole Lotte Group, which involves complicated shareholding relations.

It is understood that over nine

Holding a Japanese small paper company, the small company owns Japan Lotte holdings, while Japan Lotte holdings controls the whole Lotte Group.

According to Bloomberg estimates, Xin Ge Hao is in

Lotte holding company held 28% stake, and the eldest son Xin Dong and second son Xin Dongbin shared about 40%, while the mysterious small paper company held 27.65%.

The Korean Fair Trade Commission, the financial regulator and the tax department are now investigating the corporate structure and financial records of the music group.

The Korean government and several political parties have put pressure on Lotte Group to raise the pparency of their operation rights.

On the one hand, the whole Lotte Group is controlled by the Japanese side; on the other hand, Lotte is a cross shareholding complex of hundreds of related enterprises, that is, a capital relationship known as "circular capital contribution", which leads to a more complicated business structure.

Cui Jionghuan, Deputy Prime Minister and Minister of finance, said 6, the South Korean authorities will "investigate in detail the ownership structure and cash flow of Lotte Group's lack of pparency".

More than 10 lawmakers, including Xin Han, a member of the new political and democratic coalition of South Korea's largest opposition party, have submitted a motion aimed at combating corporate investment and cross shareholding.

According to the current law of Korea, new enterprises are not allowed to cross shareholding by means of circular investment, but the old enterprises with assets of 5 trillion won (US $4 billion) are not traced for the time being.

"The new bill will prevent big enterprises from acquiring legal loopholes and cross holding overseas affiliated enterprises," said Xin he.