Shin Kyuk-Ho is the founder of
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, and 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.
Shin
started his company two years after graduating from Waseda Jitsugyo
High School (早稲田実業学校)
in Tokyo
.
References
- Shin Kyuk-Ho & family, The World's Richest People -
Forbes.com
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