Lotte Mart store in China hit with fourth notice to halt operations since March
Автор: Arirang News
Загружено: 2017-06-12
Просмотров: 194
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Korean retail giant Lotte continues to be the victim of China's unofficial protest against Seoul's decision to deploy the THAAD missile defense system.
Beijing has extended a forced closure of one of its stores for another month.
According to Korea's Yonhap news, a Lotte Mart store that's been closed since March... has been notified for fourth a fourth time that it failed to meet safety standards.
Currently 74 out of Lotte's 99 stores in China have been forced to shut down, while 13 face sales restrictions.
There had been signs that Beijing's grip on Lotte was loosening, with the company's Chinese website back online and Lotte products being spotted on Chinese websites.
But its physical stores remain closed, with losses estimated at over 300 million U.S. dollars over the last four months.
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