Since then, at least 23 Lotte Mart stores across China have been shut down by authorities, according to the company. Chinese officials say the stores have been closed because they fail to comply ...

to support Lotte Mart in China, according to the company on Thursday (Aug 31), as the discount chain continues to struggle amid negative Chinese consumer sentiment towards South Korea. The funds ...

Aside from its hypermart business, Lotte operates more than 20 affiliates in China, which run shopping malls, confectioneries and chemical plants. The Lotte Mart business is the largest and makes ...

Lim Byung-yun, a vice president at the company, on Thursday said it would sell its Lotte Mart stores in the world’s most populous nation by the end of the year and that several buyers had ...