Lotte considers sale of supermarkets in China - source
11/09/2017 24:51
SEOUL, Sept 11 (Reuters) - South Korea's Lotte Shopping
023530.KS 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.
A total of 87 of Lotte Shopping's 99 Mart stores in China
were closed following Seoul's decision last year to deploy a
U.S. missile defence system to counter the threat from North
Korea. China opposes the deployment, saying the system's
powerful radar can also reach its territory.
(Reporting by Hyunjoo Jin; Editing by Stephen Coates)
((hyunjoo.jin@thomsonreuters.com; 82-2-3704-5685; Reuters
Messaging: hyunjoo.jin.thomsonreuters.com@reuters.net))
Keywords: LOTTE SHOPPING CHINA/