Founder of South Korean retail giant Lotte dies

Lotte Group founder Shin Kyuk-ho, who started manufacturing chewing gum in 1948 in Japan and built the business into South Korea's No.5 conglomerate with interests ranging from retail to chemicals, died on Sunday, the company said.Lotte was founded in 1948 as a chewing gum maker in Japan by Shin, who moved to the neighbouring country when the Korean peninsula was under Japanese colonial rule.