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South Korea: Lotte shares dive after chairman is jailed

Shares in South Korean giant Lotte fell sharply after the surprise jailing of the conglomerate’s chairman for bribery.

Shin Dong-bin was sentenced to two-and-a-half years in prison for his part in a corruption scandal that has shaken the country.

Investors sent Lotte Group’s share price down 7% and Lotte Shopping down by 5.5%.

The full original article can be found at bbc.com



This post first appeared on Anti Bribery And Corruption Platform & Due Diligen, please read the originial post: here

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South Korea: Lotte shares dive after chairman is jailed

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