Shin Dong-joo takes Shin Dong-bin to court, again
![SDJ Corporation Chairman Shin Dong-joo. [YONHAP]](https://koreajoongangdaily.joins.com/data/photo/2020/07/22/34ee330d-7039-402b-bc6b-3367b19bb723.jpg)
SDJ Corporation Chairman Shin Dong-joo. [YONHAP]
SDJ Corporation Chairman Shin Dong-joo filed a case at a court in Japan to dismiss his younger brother Shin Dong-bin from the Lotte Holdings board of directors.
Shin Dong-joo, the former vice chairman of Lotte Holdings, said his younger brother should be ousted from the Japan-based Lotte corporation's board of directors because he damaged Lotte’s reputation after the Supreme Court last year upheld a lower court ruling charging him with bribery.
“The goal of the lawsuit is to return [the image] of Lotte Group that has received love in both Korea and Japan to a more desirable condition,” Shin Dong-joo said. Shin Dong-bin’s role in Lotte “clearly violates Lotte Group’s ideology.”
In April, Shin Dong-joo submitted a shareholder proposal to push Shin Dong-bin from the Lotte Holdings board of directors for a sixth time.
Shin Dong-bin, however, tightened his grip over Lotte in Korea and Japan last month after the proposal was rejected. He was also appointed president of the Japanese company.
By Jin Min-ji [jin.minji@joongang.co.kr]
with the Korea JoongAng Daily
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