Lotte Card sale mired in uncertainty over investigation of Hahn & Co., labor union backlash

Korea Herald | May 17, 2019 at 7:11 AM
  • In light of this deadline, Lotte had selected Korean PEF Hahn & Co. as the preferred bidder for Lotte Card, and it had held negotiations to close the deal.
  • The Lotte Card deal has hit a snag, as Hahn & Co. CEO Hahn Sang-woo has been accused of fair trade irregularities.
  • Further complicating the path for Hahn & Co’.s purchase of Lotte Card, the credit card firm’s labor union has resolved to fight the takeover.