South Korea’s Lotte pours another US$300 million into Lotte Mart China

August 31, 2017 3:53 PM

SEOUL (THE KOREA HERALD/ASIA NEWS NETWORK) – South Korea’s Lotte Group has decided to borrow another US$300 million (S$408 million) 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 toward South Korea.

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