China NewsChina Business & Economy

Korean Conglomerate Lotte Abandons Chinese Market, Shifts to Southeast Asia

Save
Korean Conglomerate Lotte Abandons Chinese Market, Shifts to Southeast Asia
Pedestrians walk past signage for a Lotte Duty Free store in Seoul, South Korea, on Sept. 1, 2016. Chung Sung-Jun/Getty Images
Lisa Bian
Updated:
0:00

Lotte Group has fully abandoned the Chinese market and stepped up its investment in Southeast Asia, in particular Vietnam and Indonesia.

This year marks the 30th anniversary of the establishment of diplomatic ties between South Korea and China. It also marks the 30th anniversary of South Korea’s diplomatic ties with Vietnam.

Lisa Bian
Lisa Bian
Author
Lisa Bian, B.Med.Sc., is a healthcare professional holding a Bachelor's Degree in Medical Science. With a rich background, she has accrued over three years of hands-on experience as a Traditional Chinese Medicine physician. In addition to her clinical expertise, she serves as an accomplished writer based in Korea, providing valuable contributions to The Epoch Times. Her insightful pieces cover a range of topics, including integrative medicine, Korean society, culture, and international relations.
Related Topics