Seon Jong-koo was formerly employed by Daewoo Electronics. When the company went bankrupt in 1999, he joined a spin-off company that became Hi-Mart. In June 2008, South Korean chaebol
Eugene Group acquired 32.4% of Hi-Mart. in June 2010, the company went public. In April 2012, one witness jumped out his apartment's window after being questioned by Korea's justice about bribing Seon Jong-koo. In December 2014, Seon Jong-koo was replaced by Lee Dong-woo. In October 2012, the deal was approved by the
Korea Fair Trade Commission and the company announced it is changing the stores' names to
Lotte Hi-Mart. ==See also==