Lotte founder names 1st son as legitimate heir through video

By KH디지털1

Published : Feb. 10, 2016 - 12:08

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Lotte Group founder's first son released a video earlier this week in which his father named him as the legitimate heir of the conglomerate, industry sources said Wednesday, amid the prolonged dispute over which son will inherit the company.

(Yonhap)

"Dong-joo, the first son, is the heir in both Japan and South Korea. This is a common sense. There will be no reliability if someone else takes the post," the founder said in the video in Japanese.

Last year, Shin's second son, Dong-bin, took control of the nation's fifth-largest conglomerate, pushing his older brother, Dong-joo, out of his positions in the group.

(Yonhap)

While Dong-joo has been claiming that his father chose himself as the legitimate successor for the group, Dong-bin says that the founder is unable to make reasonable judgments due to mental health problems.

Last week, the 93-year-old founder walked into a court hearing to prove that he still remains healthy. Despite his appearance, the founder is expected to face an official medical examination to determine his mental health.

Details of the procedures to evaluate the founder's health will be determined on March 9. (Yonhap)

Lotte founder names 1st son as legitimate heir through video

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