SEOUL, Sept 29 South Korean conglomerate Lotte
Group, the subject of a wide-ranging corruption investigation,
is still intent on seeking an initial public offering for its
Hotel Lotte arm, but can only proceed with the plan after
prosecutors conclude their probe, a spokesman said on Thursday.
Early on Thursday a Seoul Central District Court judge said
the court had rejected a request by prosecutors for a warrant to
arrest Lotte Group chairman Shin Dong-bin in connection with the
The probe, which became public in June, derailed Lotte
Group's previous plan for a $4.5 billion IPO for Hotel Lotte.
(Reporting by Joyce Lee; Editing by Kenneth Maxwell)