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Lotte might sell its supermarkets in China if tension continues

74 of its 99 Mart stores in China have already been closed by fire authorities over safety violations

Published Mon, Sep 11, 2017 · 09:50 PM

Seoul

SOUTH Korea's Lotte Shopping is considering selling its supermarkets in China and other options should political tensions between Seoul and Beijing continue next year, an official at the retailer told Reuters on Monday.

"It is natural that we should have various alternatives, but no discussions or decisions have been made regarding detailed plans," the official said on condition of anonymity because of the sensitivity of the issue.

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