Lotte Group's chairman now a death, means that the era of the first generation of South Korea's entrepreneurs at the time has completely passed. South Korea has five major plutocrats, namely Samsung, Hyundai, LG, SK and Lotte, and the Lotte Group boss was the longest-living of the founders of these five plutocrats. His death means that the era belonging to the first batch of Korean plutocrats is over, and the modern market really belongs entirely to their descendants.

Lotte Group stalwart Singh Ho recently died at the age of 99. He went to Japan at the age of 20 to study at Waseda University, where he majored in chemical engineering, and shortly after the end of World War II, Singh Ho founded the Lotte Strain Club in Tokyo. Originally, the main thing the Lotte Group sold was chewing gum, and then gradually other food and beverage businesses were developed, and the Lotte Group achieved initial success in Japan.

Singh Ho married the niece of a Japanese Class A war criminal, Shigemitsu Aoi, after World War II, and with Shigemitsu Aoi's status and reputation, Singh Ho's business grew bigger and better. So the Lotte Group was mainly established in Japan, and then the relationship between Japan and South Korea slowly got better, before the Lotte Group successfully entered the South Korean market and became a very famous and large plutocrat in South Korea. At that time, South Korea mainly relied on Lotte Group and other four plutocrats together to support up, their five business founders are also known as the first batch of Korean entrepreneurs? Korea's first entrepreneurs?

So Singh Ho was a very smart man, and he took every opportunity he could. Eventually, he grew from a mediocre person to the head of a world-class level consortium. And he had a high international standing as the founder of the first Korean consortiums. He was also the longest-lived of the five Korean plutocrats. And because of his death, people realize that they belong to the ? And because of his death, people realized that the era of the first entrepreneurs is over.

And because of his death, people realized that the era of the "first entrepreneurs" was over, and that the next era belonged to a new group of young people.