Shin Kyuk-ho

Shin Kyuk-ho
File:Shin Kyuk-ho
Born	(1922-10-04) 4 October 1922 Ulsan, South Gyeongsang Province
Nationality	Japanese and Korean (Dual nationality)
Education	Waseda University
Spouse	Seo Mi-Kyung
Children	4

Shin Kyuk-ho/Takeo Shigemitsu
Korean name
Hangul	신격호
Hanja	辛格浩
Transcriptions Revised Romanization Sin Gyeok-ho McCune–Reischauer Sin Kyŏkho
Japanese name
Kanji	重光 武雄

Shin Kyuk-Ho (Japanese name Takeo Shigemitsu, born 4 October 1922) is a Korean-Japanese businessman. He founded and led the Lotte group.

Career

Shin is the founder of the Lotte group. He was born in Ulsan, South Korea, 1922 and founded Lotte in 1948, which grew from selling chewing gum to children in post-war Japan to becoming a major multinational corporation with overseas branches in dozens of countries and products shipped worldwide. It is now South Korea's eighth largest conglomerate.

Shin was impressed with Johann Wolfgang von Goethe's The Sorrows of Young Werther (1774) and named his company Lotte after the character Charlotte in the novel.

In Forbes magazine, Shin was 387th on The World's Richest People list in 2005, and moved up to 136th place in 2006. He currently resides in South Korea for odd months and in Japan for even months. However, reporters have noticed that Shin has been staying in Korea since the 2011 Tōhoku earthquake in Japan.

Shin started his company two years after graduating from Waseda Jitsugyo High School (早稲田実業学校) in Tokyo.

Personal life

Shin has been married three times. Shin has a total of four children from the three marriages and he is currently married to the former celebrity Seo Mi-Kyung. His children, Shin Dong-Bin (Akio Shigemitsu), Shin Young-Ja, Shin Dong-Joo (Hiroyuki Shigemitsu), and Shin Yoo-Mi are all involved in Lotte Group. His younger brother Shin Chun-ho is the chairman of Nongshim.

See also

• Lotte
• Nongshim