[Korea gimeunji financial newspaper reporter] Lotte Group today (27) afternoon to open the Council is expected to confirm a plan that provides a golf course in North Gyeongsang Seongju altitude missile defense system (Prasad · THAAD) site. If the final agreement, the contract immediately or no later than 28 days after the Department of Defense and the land exchange is in fact the Board of Directors Saad land issue is concluded.
Lotte and the Pentagon agreed to swap land owned by the group in Namyangju, Gyeonggi Golf and Lotte lord November. But the opposite Lotte China is pressuring Saad placed on the peninsula, and has fashioned a setback to the land exchange.
Open the past three days Lotte Trading is held by the Board of Directors have reviewed the validity of the transaction lord Golf changing the lord golf course and Australasia had gunyongji is the conclusion.
Lotte side to consider, such as pre-coordination with Ministry of Defence and relations with China, both the Board of Directors For more information, including schedule and under to keep private. Lotte, Lotte or unknown side of the board can make any decisions that turn "as the request is related to national security, we will cooperate as much as possible as a Korea company" has been revealed to the position. Since the internal Lotte becoming jeomchyeo be collected to provide feedback to the lord Golf Saad placement site.
But even naeryeoteum conclusions Lotte internally economic retaliation threats posed by China's Saad place will inevitably be annoying.
The last 21 days to see a ring on the Korean Peninsula, China's state media Kushiro Saad placement decisions, "If you can not change the Lotte position to leave China," he warned, "will deteriorate more and more business outlook, including duty-free imports of Lotte". 19 days, the official Xinhua news agency of China has blamed "will deteriorate more and more business outlook, including duty-free imports of a Lotte, they are playing with fire."
Is a China-related business is sales of 6 trillion won for Lotte. Last year, sales figured in the Chinese subsidiary is about 3.2 trillion, Lotte Duty Free Shop in the Chinese rate of over 70%, sales were a record 3 trillion won level. In addition, Chengdu and Shenyang area Lotte World theme park and the town project to create a large shopping malls, hotels, residential complexes, etc. In the nearly three trillion won is being conducted.
The end of November last year, China Lotte Department Store 150 sites, including five stores, 116 stores of Lotte Mart holds a sanitation inspection, investigation and fire safety, there is also a bar later that audits are conducted simultaneously, such as unusual airflow. China's business fire inspection is a powerful means of sanctions, as well as penalties and corrective measures can go up to discontinued operations.
Dwaeteumyeo high strength survey conducted by the China plant over the same period Lotte Confectionery and Lotte Chemical, Lotte Castle, some model houses were closed up to the requirements. In addition, late last year, Chinese authorities ordered the construction suspended action of Shenyang Lotte Town. The department has already completed and youngpeulraja etc., or during normal operation and construction of the theme park and the apartment was in progress for completion in 2018 aiming It took braking.
Recently tightened restrictions on Korean, the Chinese government has analyzed that the actions of the Chinese government are associated with Saad place out.
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