China is continuing to lash out at South Korea over its decision to deploy the THAAD missile
defense system to the peninsula.
Lotte Group, which swapped its land for the system,... has been the hardest hit by the
economic retaliation from Beijing... having its supermarkets in China forcibly shut down.
For more on this and other news around the world,... we turn to Ro Aram.
So Aram...
Lotte continues to be the object of China's fury....
Well Mark, authorities there haven't officially said THAAD is the reason the suspension, but
claim its due to "safety problems."
As well as business suspensions on its supermarkets, Lotte has also seen some of its products being
barred from entering China.
These restrictions seem to not be going anywhere soon.
Oh Jung-hee explains why things are not looking up for the Korean retail giant.
Lotte's supermarkets in China appear likely to stay closed for another month.
According to the Korean retail giant,... the Chinese authorities did not approve one Lotte
store in China's southeastern Zhejiang Province for re-opening... and ordered another store
in the northeastern city of Dandong to stay shut for another month.
These are just two of more than 80 Lotte Marts in China that have been forced to close since
early March... after the local authorities cited them for supposed safety inspections
and suspended their business.
The store in Dandong says... it made efforts to improve its safety and underwent another
inspection by the authorities... but another problem was pointed out and it was told to
stay closed for another month.
Lotte officials in China say... the inspection agencies are not cooperating with the stores
to improve their safety... and even when they do communicate, they pick out another safety
problem to justify another suspension.
Lotte has become a key target of China's economic retaliation against Korea... after it signed
a deal with Korea's defense ministry... to provide land for stationing the U.S. missile
defense system THAAD.
Almost 90-percent of Lotte's supermarkets in China -- 87 out of 99 -- have been closed
for a month since safety inspections in late February or early March.
75 of them were hit with suspensions... due to the alleged safety problems... and 12 of
them closed voluntarily because of severe protests.
Lotte expects the two months out of business cause a loss of almost 180-million U.S. dollars.
Meanwhile, the Korean government has raised formal objections to 3 cases of China's economic
retaliation... at last week's regular meeting of the WTO's Technical Barriers to Trade committee.
The cases include China limiting Korea's exports of powdered milk... and applying complex standards
for registering Korea-made medical devices in China.
Korea will discuss these further at the next committee meeting in June... as well as with
China's commerce ministry.
Oh Jung-hee, Arirang News.
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