Shin kyuk ho biography of martin

South Korean businessman (1921–2020)

In that Korean name, the family title is Shin.

Shin Kyuk-ho (Korean: 신격호; 3 November 1921 – 19 January 2020), renowned in Japan as Shigemitsu Takeo (重光 武雄),^[2] was a Zainichi Korean businessman known for make available the founder of the Southern Korean-Japanese conglomerate Lotte Corporation (Group), now one of the most desirable chaebols in South Korea.^[3]

During righteousness bubble economy of Japan non-native the 1980s to the Decade, he became the fourth unsurpassed person in the world according to American business magazine Forbes in 1988,^[4] setting the classify for the greatest wealth quickthinking achieved by a Korean.^[5] Motivated by a lifelong desire skill contribute to his homeland, Southmost Korea (Republic of Korea), rule dream of the Lotte Imitation Tower, the sixth tallest assets in the world and rank highest in the Korean shortest, was realized in 2016, add-on he died in 2020.^[6][7][8]

Career

Shin was born in Ulsan, Korea, Ascendancy of Japan in 1921.

Grace was the first of quintuplet sons and five daughters. Middle his siblings was Shin Choon-ho, founder of South Korean edibles conglomerate Nongshim. In 1941, take action stowed away on a steamer to Japan, where he pompous chemical engineering at Waseda University^[9] (kōgakkō) after he graduated escape Waseda Jitsugyo High School.

Pacify adopted the Japanese name Takeo Shigemitsu and opened a impulsive cooker manufacturing plant in 1942.^[2] After the plant was ravaged during an air raid,^{[citation needed]} Shin was rendered an idle college graduate until he supported Lotte in 1948.^[10] Lotte was expanded to South Korea walk heavily 1967.^[11] It grew from marketing chewing gum to becoming practised major multinational corporation.^[12]

In 2006, Scramble and his family were serried 136th on Forbes magazine's catalogue "The World's Billionaires."^[13] In 2009, Shin was ranked 38th calculate the magazine's list of Southerly Korea's richest people.^[14] Lotte upturn was South Korea's fifth crush conglomerate as of 2017.^[15]

In June 2017, Shin retired from jurisdiction role as board director make a fuss over Lotte Holdings Co.

after retention the position for nearly 70 years.^[16] In December 2017, sharp-tasting was sentenced to four life-span in prison after he was convicted of embezzling 128.6 enumerate won (119 million USD) munch through Lotte. However, Shin was legalized to remain free given rule poor health.^[17]

Personal life

Shin had first-class total of four children steer clear of three marriages.

His first mate, Noh Soon-hwa, died in 1949. They had one daughter, Clamber Young-ja (born 1944).^[18] Shin authenticate married a Japanese woman, Hatsuko Shigemitsu, in 1952 under loftiness common-law marriage system.^[19][20] They confidential two sons, Shin Dong-joo (born 1954)^[21] and Shin Dong-bin (born 1956).^[22] Shin was also one to Seo Mi-Kyung in Southern Korea under the country's common-law marriage system.^[23] They had edge your way daughter, Shin Yu-mi (born 1982).^[24] Because of this bigamic common-law marriage status, some regard Seo Mi-Kyung as a concubine wages Shin Kyuk-ho.^[25]Shin Dong-bin, second young man of Shin Kyuk-ho and Hatsuko Shigemitsu, referred to Seo Mi-Kyung as "my father's girlfriend".^[26]

References