Hotel Lotte W5.3tr IPO on track despite bribery scandal

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Hotel Lotte Co has managed to smooth over a wobble in investor sentiment for its W5.3tr ($4.6bn) IPO after accusations of bribery in the company hit the news last week. It has delayed its listing by a month, chopped the price range to bandage the situation and now looks set to go ahead, writes Jonathan Breen.