Lotte Group pledges $85m towards accelerator funds

The recent announcement of Shin Dong Bin, the chairman of Lotte Group to dedicating US$85m (KRW 100b) towards accelerator funds was covered by major media outlets including Chosun, Joongang and Hankyung. Naturally, the articles offered positivity in covering the launch of ‘Lotte Accelerator’ which would commence in January next year and support youth startups with a total of US$85 million in funds. The articles also focused on Shin Dong Bin’s pledge of US$8.5m (KRW 10b) of…