[Korea gimeunji financial newspaper reporters - after China within 39 Lotte Mart stores in operation cheohaetda crisis be stopped until the local plant Lotte Confectionery. China's retaliation Saad strength feeding is a situation that is being brought to the center, the withdrawal of the Chinese market stand Lotte.
April 28 Pentagon and Lotte completed the grounds Saad contracts placed and determine the exchange of group owned land lord Lotte golf course and Namyangju, Gyeonggi-do. After China, the feelings of a crush on the grounds provided by Lotte has been heightened.
Shanghai Food Corporation is a joint venture established by Lotte USA Inc. and Hershey Chocolate Factory Lotte received a recent fire inspection of the Chinese authorities. China's business fire inspection is a powerful means of sanctions, as well as penalties and corrective measures can go up to discontinued operations.
Lotte official said, "It is the fire authorities came out to check facts and yet was not until the business suspension notice." "But recently, and my crush atmosphere in China and rising sales to suspend production suspension as long as that continues the local Lotte Mart sees that it can not rule out the possibility that down, "he said.
Lotte Shanghai Foods Corporation annual sales of 80 billion won in size, the chocolate produced here are sold in Southeast Asia, such as China and Malaysia. Is the flagship product such as Hershey's Kisses and Hershey bars. Lotte Shanghai share of the Hershey Foods Corporation and Lotte Confectionery and owns 50%, respectively.
Lotte side got my Anti-Korean sentiment in China has reported that the heightened possibility that sanctions continue to grow in the future for local affiliates.
Before China 'violation of fire codes' nominal sales fell in local Lotte Mart stores has reached where the suspension 39. Considering that in China overall by 99 individuals Lotte Mart stores, and this count at least one of the three currently closed doors.
Lotte China Fire Authority and the Department of Defense issued a disposition operating simultaneously on four political Lotte Mart store up to 4 days from the last 28 days of finishing Saad Land Exchange Agreement. Following six days, this was down to business politics disposal for an additional 19 places to Lotte Mart.
Currently, China only 29 Jiangsu Province Lotte Mart stores up, Zhejiang 4 where, Anhui and Hebei Province, when Liaoning Province Lotte Mart stores in each of two locations are totaled to have been operating political disposition between the nominal one month violates fire codes .
In this regard, the Lotte Group is "correct, but cases where sales suspension is up, the withdrawal China plans no" and "sales stop expansion of Lotte Mart and Lotte Duty Free Shop in the DDOS attack symptoms, such as group-wide're Saad retaliation is expanding has been closely watching whether the damage occurs, details of other businesses, "he said.
July 5, Lotte Group is open to FEMA's hwanggakgyu Innovation mounted (president) presiding, "Saad provides grounds the National Security dont call through diplomatic channels be that just is not a matter to be led by individual entrepreneurs Lotte in accordance with the request," he bar has requested the government of the Republic of Korea.
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