Lotte Group Chairman Shin Dong-bin,... after being sentenced to a 30-month jail term earlier this month,... has tendered his resignation from his post as CEO of Lotte Holdings in Japan.
Seoul-based YTN reported Wednesday,... quoting unnamed Lotte officials, that Shin,... the current co-CEO of Japan's Lotte Holdings,... had already offered his resignation from the Tokyo-based holding company.
Lotte Holdings is scheduled to have a board meeting this afternoon to discuss the situation,... and it is likely to accept Shin's resignation.
Lotte Holdings holds the pivotal stakes in Lotte Group, which has headquarters in both South Korea and Japan.