Shin Dong-bin
Shin Dong-bin is a South Korean businessman. He also has a Japanese name Akio Shigemitsu. As of 2012, he was CEO of the South Korean conglomerate Lotte Corporation and the Japanese Chiba Lotte Marines baseball team. He is the second son of Shin Kyuk-ho, founder and first CEO of Lotte and his Japanese wife. He is the younger brother of Hiroyuki Shigemitsu, CEO of the Japanese Lotte Group. He graduated from Aoyama Gakuin University with a B.A. in economics in 1977 and from Columbia University with an MBA.
On December 22, 2017, a Seoul district court handed down to Shin a two-year suspension of a jail sentence with embezzlement and breach of trust in October 2016.
On February 13, 2018, Shin was sentenced to 30 months in prison after the Seoul Central District Court found him guilty of charges stemming from Lotte's decision to give ₩7 billion to a confidante of former President of South Korea Park Geun-hye, allegedly in exchange for government favors in providing a license to operate duty-free stores. On October 5, 2018, a South Korean appeals upheld Shin's conviction, but also agreed to suspend his sentence to time already served, thus setting him free.
