He is The top chaebol in South Korea, controlling the food industry in Korea, prosperous and rich for decades, but at the age of 89, he was spurned by all Korea, and at the age of 95, he was betrayed by his son and imprisoned. What heinous crime did he commit? Today, Zan will talk about the founder of the Lotte Group who has been referred to by thousands of people, "Singh Hao".
In 2017, at the age of 95, Mr. Shin was sentenced to four years in prison by the Seoul Central District Court in South Korea. During the interrogation, Singh-ho was emotionally out of control for a while, making a big fuss in Japanese and on crutches, while the South Korean people rejoiced and shouted that your retribution had finally come, what did Singh-ho do that hurt nature and reason, so that the people hated him so much? This has to start from the last century.
Born into a poor family in South Korea, the Korean Peninsula was relatively backward at the time, so he left his wife to work in Japan. In the first few years, Singhho did not have a smooth life, until 1945, japan was defeated, the U.S. military stationed in Japan, Singhho took a fancy to the chewing gum chewed by American soldiers, so he founded "Lotte Fruit Making Co., Ltd." Because of his status as a foreigner, Singhō was ostracized by local Japanese businessmen, and in order to be accepted by the Japanese, he resolutely abandoned his original match, married the niece of the World War II Class A war criminal "Shigemitsu Aoi", and changed his name to "Shigemitsu Takeo".
World War II Class A War Criminals: Shigemitsu Aoi
In 1967, when diplomatic relations between Japan and South Korea were gradually normalized, Singh-ho saw the business opportunities in his homeland and returned to South Korea to establish the "Lotte Fruit Company". With abundant capital and sophisticated means, Shin Gehao soon dabbled in various industries such as food, chemistry, and finance, and his personal assets reached hundreds of billions of won, becoming a regular visitor to The Rich List of South Korea.
After opening the Korean market, Singh-ho became a household name. It was not until 2009, when Rakuten's female star Zhang Ziyan hanged herself at home, that the true face of Singh Hao was revealed. (Zhang Ziyan's incident must be clear to everyone, so I will not repeat it here)
As soon as this matter was reported, it instantly angered all the people in South Korea, and some people even sent out that the "Miss Lotte Selection Contest" held by Singh Hao in the past was actually a "concubine selection ceremony" for Singh Hao, and what was even more shocking was that his current third wife, Xu Meijing, was the beauty pageant champion at that time. The public demanded that the court severely punish the wicked, but the prosecution eventually spared the Singh Hao father and son on the grounds of insufficient evidence. After this incident, Singh Hao's image in the hearts of the public plummeted.
The third person's wife, Xu Meijing
In the following years, the turmoil continued, and in 2017, Lotte Group decided to transfer the golf course in Hingju, South Korea, to the United States to deploy the THAAD anti-missile system. As soon as the news came out, there was an uproar in China. It should be known that once the anti-missile system is established in south Korea, it will pose a great threat to the mainland's national defense and security.
In protest, the people of the mainland began to spontaneously boycott the Lotte Group. In just one month, Lotte's supermarkets in China have closed 87, and 90% of the investment in China has all been adrift for a time. It is estimated that Lotte suffered losses of up to 40 billion yuan due to the THAAD incident. According to South Korean media reports, Lotte is about to disband its Chinese headquarters and increase its investment in southeast Asian countries, and with all due respect, a group that will not be respected will not be welcomed no matter where it goes.
Lotte closed its doors
In 2019, Japan and South Korea fought over trade issues, and as the anti-Japanese sentiment of the South Korean people soared, this anger also burned to the Lotte Group in South Korea. Many South Koreans believe that Lotte Group is an inner ghost with half Japanese ancestry, and more Korean media have revealed that the actual control ratio of Rakuten by the Japanese side is more than 99%. According to statistics, in the two weeks of the rise of the boycott of Japanese goods in South Korea, the market value of Lotte Group has evaporated by about 5.86 billion yuan. The outside world is in turmoil, and the Lotte Group, which is led by Singh-ho, was also in crisis.
Eldest son: Xin Dongzhu
Second son: Xin Dongbin
As early as before returning to Korea, Singh-ho arranged for his eldest son , Shin Dong-joo , to run the Japanese parent company , and his second son , Shin Dong-bin , to run the South Korean subsidiary. After all, Japan is the starting place of the Lotte Group, but the second son is more business-minded, and under his leadership, the performance of Rakuten in South Korea is nearly 14 times more than that of Rakuten of Japan. At the same time that the second son won the favor of his father, the civil war between the two brothers broke out.
The eldest son wants to take away the shares of South Korea, the second son wants to take the opportunity to reform the family business model of the Lotte Group, Singh Hao weighed it up and chose to stand on the head of the eldest son, but he did not expect that the second son had already secretly united with the shareholders to dismiss him from the holding company, leaving only an honorary title, angry Singh Hao scolded, you get me out, while forced to announce retirement.
In the period of 11 to 15 years, South Korean prosecutors discovered that Lotte was suspected of paying bribes to the political community, not only illegally obtaining building permits for the "Second Lotte World Tower" project, but also suspected of leaking national wealth. Just when the prosecution was preparing to summon the relevant responsible persons, one of the vice presidents, Li Renyuan, hanged himself in the early morning of the same day, leaving only four pages of insignificant suicide note.
Tried in open court
In 2017, the family that was upset because of the group's management rights not only appeared in the courtroom in unison, as if they had agreed in advance, but also rightly denied all the charges, unanimously pushed the doubts to the old man, and the second son even said that the decision to have problems in the Lotte Group was Singh Hao's idea and had nothing to do with himself. At this time, the 95-year-old Singh Hao was angry and threatened in Japanese: Lotte was created by me, I have 100% of the shares, who dares to judge me? In the end, Singhho was sentenced to four years in prison for illegal operations, and the second son who betrayed his old father in court also won a year and eight months of prison, which was really a good play of father and son killing each other.
Died in 2020
In 2020, the Singh died of illness in prison, throughout his life, although he earned hundreds of billions of won, but relying on some unblinking means, in order to run smoothly, he did not hesitate to abandon his wife into Japan's notorious war criminal family, in order to please the United States, allowed it to deploy the THAAD anti-missile system, for his own pleasure, repeatedly hurt young women, and even killed themselves. Singh Hao did all the bad things, thinking that the Lotte Group had money and could cover the sky with one hand and do whatever he wanted, but he didn't know that people were doing it, the sky was watching, the family was infighting, the son was betrayed, the people were disgusted, and the sins he had done were finally returned to himself.
Now that the evil man is dead and Lotte is inherited by his second son, he believes that only by repaying the society with kindness in the future can the group be based on long-term development. Well, that's all there is to this issue, brothers and sisters, what do you think of Singh hao's behavior? Welcome to leave a message in the comment area to discuss, follow me, and we will continue in the next issue.