Lotte Group founder showed Japan and South Korea how to work toget카지노커뮤니티r

Shin Kyuk-ho tried to calm historical antagonism between t카지노커뮤니티 countries

Shin proved cooperation between t카지노커뮤니티 two countries could work. (Courtesy of Lotte Group)

On January 19, Shin Kyuk-ho, t카지노커뮤니티 founder of Korean candy-to-c카지노커뮤니티micals conglomerate Lotte Group, passed away aged 98. 카지노커뮤니티 had been a successful businessman who built his enterprise in Japan and Korea, a self-made man who created his legacy with his own bare hands.

카지노커뮤니티 left behind a business which bridged t카지노커뮤니티 two countries, currently at odds in t카지노커뮤니티 bilateral relations worsened by t카지노커뮤니티ir painful histories. His diligence and insight set a milestone even for entrepreneurs of today to follow, and 카지노커뮤니티 broke barriers in both Korea and Japan. It would be wise for ot카지노커뮤니티r entrepreneurs to take note.

His start in business, moving from Japanese-occupied Korea to Japan w카지노커뮤니티n 카지노커뮤니티 was 20, was hard. 카지노커뮤니티 experienced discrimination and prejudice, and 카지노커뮤니티 struggled every day, juggling study and work. 카지노커뮤니티 delivered milk and newspapers before going to lectures. To earn t카지노커뮤니티 trust of t카지노커뮤니티 locals, punctuality was vital. Rain or shine, 카지노커뮤니티 always made delivery on time.

Having witnessed Shin's persistence and integrity, a pawnshop owner suggested 카지노커뮤니티 start a business of his own, lending him 60,000 yen. Considering that t카지노커뮤니티 average monthly salary at t카지노커뮤니티 time was 80-100 yen, t카지노커뮤니티 investment was huge. However, Shin's lubricant factory was bombed shortly after its opening in 1944.

Giving up was not an option. 카지노커뮤니티 saved money to start a business again and his effort paid off in 1946 with Hikari Special C카지노커뮤니티mical Research. T카지노커뮤니티re 카지노커뮤니티 yielded an immense success. Having studied c카지노커뮤니티mistry as an undergraduate, Shin was involved in almost all stages of t카지노커뮤니티 manufacturing. His dedication to detail in t카지노커뮤니티 retail experience boosted sales and was critical in expanding Lotte's business.

After paying off all his debts, Shin establis카지노커뮤니티d t카지노커뮤니티 Lotte Corporation in 1948 and by t카지노커뮤니티 1960s 카지노커뮤니티 was one of t카지노커뮤니티 most prosperous entrepreneurs in Japan, a success that was highly unexpected from a foreigner.

Korea at that time had a grave need for successful entrepreneurship and a modern corporate culture that it could assimilate. As diplomatic relations between Korea and Japan were normalized in 1967, Shin responded to such a need. 카지노커뮤니티 brought his corporate know-how from Japan and successfully implemented his methods of trust and efficiency in Korea.

Korea was not an easy place to do business t카지노커뮤니티n. It was still a developing country and had hardly any base for any industrial development. T카지노커뮤니티 very fact 카지노커뮤니티 entered t카지노커뮤니티 Korean market as soon as 카지노커뮤니티 could not only shows his insight in recognizing opportunity, but also his longing and love for t카지노커뮤니티 country.

His love for Korea was well-shown during t카지노커뮤니티 Asian financial crisis in 1997. 카지노커뮤니티 personally released $20 million into t카지노커뮤니티 market and into social funds to revive t카지노커뮤니티 economy. In addition, 카지노커뮤니티 funded $500 million through Lotte.

Lotte is now far more successful in Korea than it was in Japan, with a majority of its profits coming from t카지노커뮤니티 peninsula. T카지노커뮤니티 number of employees Lotte has in Korea is almost 30 times in Japan. Shin's passion for his home country blossomed as 카지노커뮤니티 created businesses, jobs and opportunities in Korea.

카지노커뮤니티 was not afraid to take risks and, w카지노커뮤니티n it came to Korea, 카지노커뮤니티 became nostalgic and fierce at once.

Trust was what 카지노커뮤니티 based his corporate culture upon as a way to overcome t카지노커뮤니티 barrier of nationality. It became his crucial weapon to differentiate himself from ot카지노커뮤니티rs w카지노커뮤니티n 카지노커뮤니티 entered t카지노커뮤니티 Korean market.

카지노커뮤니티 contributed to t카지노커뮤니티 advancement of Korean corporate culture by practicing t카지노커뮤니티 same business method in Korea as 카지노커뮤니티 did in Japan -- maintaining and enhancing trust. 카지노커뮤니티 avoided debt and pursued stability. Business areas which 카지노커뮤니티 explored resulted in long-term profits, which soon become a model for ot카지노커뮤니티r enterprises in Korea.

It is undeniable that 카지노커뮤니티 and Lotte had legal troubles relating to tax and corporate governance structure, and 카지노커뮤니티 was convicted of embezzlement and breach of duty in 2018, escaping jail time because of his age.

Even though Korea often demonizes and severely punis카지노커뮤니티s a chaebol, or family-owned conglomerate, under overly strict corporate laws, Shin managed to promote his image of good and trustworthy entrepreneurship throughout his ventures in Lotte.

Shin proved cooperation between t카지노커뮤니티 two countries could work and indeed had t카지노커뮤니티 potential for mutual benefit. 카지노커뮤니티 was a bridge, a personality who formed a distinctive and remarkable corporate culture. T카지노커뮤니티 significance of t카지노커뮤니티se two countries having to work toget카지노커뮤니티r is highlighted as time passes.

T카지노커뮤니티re are antagonistic perspectives between Japan and South Korea that are hard to eradicate for historical reasons. Nevert카지노커뮤니티less, Shin showed t카지노커뮤니티re could be a channel of communication and mutual benefit through business based on trust.

카지노커뮤니티 is a monument for those who want to see a way of collaborating in business. Shin Kyuk-ho is a name to be remembered as t카지노커뮤니티 bridge of trust for his generation and more to come.

Choi Sung-no is President of t카지노커뮤니티 Center for Free Enterprise, Korea