Shin Dong-bin, chairman of Lotte Group, center, arrives at the Seoul Central District Court in Seoul, South Korea, on Tuesday, May 23, 2017.(Photo:VCG)

South Korean prosecutors on Monday demanded 10-year prison term for Shin Dong-bin, chairman of Lotte Group, the country's fifth-largest family-run conglomerate, over management corruptions, Yonhap news agency reported.