He is the younger brother of Hiroyuki Shigemitsu (Korean name Shin Dong-joo), CEO of the Japanese Lotte Group.

[3] On 22 December 2017, a Seoul district court handed down to Shin a two-year suspension of a jail sentence with embezzlement and breach of trust in October 2016.

[4] On 13 February 2018, Shin was sentenced to 30 months in prison after the Seoul Central District Court found him guilty of charges stemming from Lotte's decision to give ₩7 billion (US$6.5 million) to Choi Soon-sil, a confidante of former President of South Korea Park Geun-hye, in exchange for government favors in providing a license to operate duty-free shop.

[5] On 5 October 2018, a South Korean appeals upheld Shin's conviction, but also agreed to suspend his sentence to time already served, thus setting him free.

[7][8] A professional skier, Shin is the Chairman of the Korean Ski Association and pledged 60 billion won to the PyeongChang Olympics.