SUBSCRIBERS

China stops major Lotte construction project amid Thaad tension

Published Wed, Feb 8, 2017 · 09:50 PM
Share this article.

Seoul

SOUTH Korea's Lotte Group said Chinese authorities have halted construction at a multi-billion dollar real estate project after a fire inspection, amid worries in Seoul that Beijing is retaliating against the country's plans to host a US missile defense system.

Separately on Wednesday, Hyundai Motor said it may procure electric vehicle batteries from Chinese companies for a planned China model after South Korean batterymakers failed to make a list of approved vendors last year.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

International

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here