Shin Dong-bin reappointed internal director of Lotte Chilsung Beverage

Shin Dong-bin [LOTTE]

Lotte Group Chairman Shin Dong-bin was reappointed an internal director of Lotte Chilsung Beverage at a general shareholder meeting on Wednesday.

Shin was appointed as an internal director in 2017 but withdrew from the position in 2019 after receiving a suspended jail sentence of 30 months for bribery.

The chairman is currently on the boards of Lotte Group, Lotte Confectionery, Lotte Chemical and Canon Korea.

Shin’s return to the board for Lotte Chilsung Beverage signals a move for “speedy decisions on global investment, mergers and acquirement and business expansion,” according to the beverage company.

Lotte Chilsung Beverage CEO Park Yoon-ki and Chief Finance Officer Song Hyo-jin have also been reinstated as board members.

“The company will strive to form a portfolio for well-being and healthy lifestyle, secure future growth propellers and implement management values that align with environmental, social and corporate governance,” Park said.

BY LEE JAE-LIM [lee.jaelim@joongang.co.kr]