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Lotte Chairman Shin Dong-bin Sells 118,000 Shares of Lotte Shopping

Retail Trade · Department Stores · yonhap_finance · 2026-09-01

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Lotte Group Chairman Shin Dong-bin has sold 118,180 shares of Lotte Shopping to secure liquidity, reducing his stake to 9.81%.

What Happened

Stake Sale: Lotte Group Chairman Shin Dong-bin sold 118,180 shares of Lotte Shopping through open market transactions between late July and early August. This sale has reduced his total stake in the company from 10.23% to 9.81%.

Reasoning: The chairman had previously announced in July his intention to sell up to 324,100 shares of his holdings. He cited the need for liquidity as the primary driver behind this divestment.

Regulatory Filing: According to filings with the Financial Supervisory Service, the shares were sold in three separate batches on July 28, July 31, and August 3. The transactions were executed as part of his previously disclosed plan to reduce his equity position.

Market Impact: The reduction of the chairman's stake below the 10% threshold has drawn attention from market participants. Lotte Shopping maintains that the sale is a personal financial matter and does not impact the company's management control.

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