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News of the arrest of the oldest daughter of the Lotte Group founder for suspected bribery and other misdeeds represents the latest chapter in the ongoing saga about the nation's fifth-largest conglomerate, or chaebol.Over the years, it seems most of the major conglomerates that dominate the South Korean economy have passed through very public struggles among the ruling family members, as if they were staging a television drama from the dynastic past.Indeed Lotte's aging founder, Shin Kyuk-ho, must feel like Yi Seong-gye, the founder of the Joseon Kingdom, who abdicated in the face of murderous infighting over the throne among his children.
They actually film parts of one of the Korean Soap Operas at Lotte World in Seoul...think Super Walmart merged with an indoor/outdoor amusement park complete with an indoor roller coaster in the food court.That's Lotte World.