Korean Entrepreneurs, Biography, Shin Kyuk-ho, Lotte, Born in 1921

Shin Kyuk-ho (born in 1921) was a Korean entrepreneur, best known for being the founder of the Lotte Group.

He was born in Uiryeong, South Gyeongsang Province, in what is now South Korea.

He began his career as a teacher at a vocational school before founding Lotte in 1948.

In 1967, Shin founded the Lotte Confectionery Company, which would become the parent company of the Lotte Group.

In the 1970s, Shin expanded the Lotte Group into a multinational conglomerate, with a presence in many industries, including food, retail, finance, and entertainment.

Shin was a philanthropist, donating millions of dollars to education, health care, and charitable causes in South Korea.

Shin was awarded the Order of Civil Merit by the South Korean government in 2005.

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