Shin Kyuk-Ho
Encyclopedia
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
.
Lotte (conglomerate)
Lotte Co., Ltd. is a South Korean-Japanese Jaebeol and one of the largest food and shopping groups in South Korea and Japan. Lotte was established in June 1948, in Tokyo, by Japanese-educated, Korean businessman Shin Kyuk-Ho – also known as...
group. He was born in Ulsan
Ulsan
Ulsan , officially the Ulsan Metropolitan City, is South Korea's seventh largest metropolis with a population of over 1.1 million. It is located in the south-east of the country, neighboring Busan to the south and facing Gyeongju to the north and the Sea of Japan to the east.Ulsan is the...
, South Korea
South Korea
The Republic of Korea , , is a sovereign state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, North Korea to the north, and the East China Sea and Republic of China to the south...
, 1922 and founded Lotte
Lotte (conglomerate)
Lotte Co., Ltd. is a South Korean-Japanese Jaebeol and one of the largest food and shopping groups in South Korea and Japan. Lotte was established in June 1948, in Tokyo, by Japanese-educated, Korean businessman Shin Kyuk-Ho – also known as...
in 1948, which grew from selling chewing gum
Chewing gum
Chewing gum is a type of gum traditionally made of chicle, a natural latex product, or synthetic rubber known as polyisobutylene. For economical and quality reasons, many modern chewing gums use rubber instead of chicle...
to children in post-war Japan
Japan
Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...
to becoming a major multinational corporation
Multinational corporation
A multi national corporation or enterprise , is a corporation or an enterprise that manages production or delivers services in more than one country. It can also be referred to as an international corporation...
with overseas branches in dozens of countries and products shipped worldwide, and is now South Korea
South Korea
The Republic of Korea , , is a sovereign state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, North Korea to the north, and the East China Sea and Republic of China to the south...
's eighth largest conglomerate
Chaebol
Chaebol refers to a South Korean form of business conglomerate. They are global multinationals owning numerous international enterprises. The term is often used in a context similar to that of the English word "conglomerate"...
.
Shin was impressed with Johann Wolfgang von Goethe
Johann Wolfgang von Goethe
Johann Wolfgang von Goethe was a German writer, pictorial artist, biologist, theoretical physicist, and polymath. He is considered the supreme genius of modern German literature. His works span the fields of poetry, drama, prose, philosophy, and science. His Faust has been called the greatest long...
's The Sorrows of Young Werther
The Sorrows of Young Werther
The Sorrows of Young Werther is an epistolary and loosely autobiographical novel by Johann Wolfgang von Goethe, first published in 1774; a revised edition of the novel was published in 1787...
(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
Tokyo
, ; officially , is one of the 47 prefectures of Japan. Tokyo is the capital of Japan, the center of the Greater Tokyo Area, and the largest metropolitan area of Japan. It is the seat of the Japanese government and the Imperial Palace, and the home of the Japanese Imperial Family...
.
See also
- Shin Dong-Joo (Hiroyuki Shigemitsu)
- Shin Dong-Bin (Akio Shigemitsu)Shin Dong-BinShin Dong-Bin is a South Korean football player who since 2009 has played for Yesan FC. He played 1 game in 2008 Samsung Hauzen Cup.-References:...