In this handout image provided by Lotte Corporation, a memorial altar of Lotte Group founder Shin ... [+] Kyuk-ho dies at age 98 is seen at the Asan Medical Center on January 19, 2020 in Seoul, South Korea. Kyuk-ho and his eldest son Dong-joo had tried to unseat youngest son Dong-bin as Lotte Group chairman in 2015. More on Forbes: Billionaire Family Feud: Founder Of South Korea's Lotte Group Demoted By Own SonShin Dong-Bin, chairman of Lotte Group. In 2016, Lotte Chemical acquired Samsung’s chemicals businesses for $2.6 billion, and its Lotte Chemical Titan subsidiary in Malaysia raised $878 million from an initial public offering in 2017, which was the Southeast Asian country’s largest listing in five years. More on Forbes: South Korea's Richest 2019: Fortunes Fall For 74% Of Nation's Wealthiest Amid Trade War Woes

Source: Forbes January 19, 2020 15:11 UTC